Cover

vfat.io offers Bundled Protocol Cover, protection for deposits made into vfat.io positions against protocol hacks. It applies only to deposits made through vfat.io’s Sickle-based positions, and is limited to the specific strategy it was purchased for; it can’t be applied in part or in whole to cover any other position or protocol.

Cover is only available for a specific list of eligible protocols, shown when purchasing. Not every farm on Yield is eligible.

Buying cover

Cover can be purchased in two places:

Inline, while opening a new position from the Yield action pane
From the Cover section of the Positions page, for an existing eligible position

The deposit form shows a Cover chip under Automate & cover only for eligible protocols. Select it to add cover with a 30-day duration; one line then sums it up, such as Smart-contract cover for 30 days, paid on Base · 2.10 USDC for 500.00 USDC. Choose Edit to change the duration and payment chain and to see the coverage, premium and end date. Choose your deposit amount first to get a price; the line says when an amount, a wallet or more USDC is needed. While cover is on, the deposit waits for a usable cover quote, and the line above the deposit button says why.

Cover chip and its settings in the deposit form

Cover chip and its settings on mobile

When buying, you choose:

Amount to cover, denominated in USDC
Duration: 30, 60, 90 or 180 days
Chain to perform the purchase on: Base, Arbitrum or Optimism

Managing cover

The Positions page shows your active policies, their coverage amount, and expiry. Positions with active cover are flagged accordingly wherever they appear in the app.