Cozy

v2

The protection protocol.

Protect 
your project
from hacks.

Effortless Risk Management

Use Cozy v2 for your project, DAO, or fund.

A widget displaying that a protocol is protected up to $100,000 using a Cozy Safety Module.

For Projects

Protect Your Protocol

Fund a safety module for your protocol launch that pays out if an emergency occurs.

An image of Nouns glasses ontop of their treasury asset holdings with a green shield to show that they're protected.

For DAOs

Protect Your Treasury

Protect your treasury assets from tail risks.

A Blue Chip Protection Set with 16% projected APY and 6 protection markets.

For Funds

Earn High Yields

Earn high risk adjusted yields by providing protection.

The Cozy Protocol

Cozy v2 empowers teams to create markets for protection against hacks.

Get Protection

Purchase protection against events like hacks, depegs, and more.

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Provide Protection

Earn yield by underwriting against protection markets.

A plus sign inside of a circle, representing listing a new market

List a Market

Define payout logic to enable users to get and provide protection.

Get Started with Cozy

Explore the app, read the documentation, or check out our blog posts below.

Cozy v2: the Protection Protocol

Meet the Cozy v2 protocol, a protection marketplace for on-chain yield seekers. Now live on Optimism.

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How Cozy Protection Works: Euler Case Study

In early March of 2023, Euler Finance was hacked for nearly $200M. At the time, Cozy v2 was in early access and had an active Euler Finance market. This market triggered and paid out.

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NounsDAO protects their treasury using Cozy v2 (trustlessly)

NounsDAO holds ~$50M in assets, with about half of those assets in Lido staked Ether (stETH). Members of the DAO have long wanted to hedge risks associated with the liquid staking protocol, but they had a problem: nobody was offering protection. The Cozy v2 protocol solved this problem.

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How to Buy Protection on Cozy v2

DeFi can offer valuable opportunities but those opportunities come with risks, like security vulnerabilities. The Cozy v2 Protocol (Cozy v2) offers a way to protect against those risks.

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How to Create Protection Markets with Cozy v2

Historically, only a fraction of projects that suffered hacks had protection available on any platform. This is largely because of the cumbersome processes required by protection platforms to support new projects. Cozy v2 changes this with a permissionless interface, enabling the creation of markets covering any protocol.

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Dynamic level cost models

In the Cozy V2 protocol, a market’s cost model sets the costs for purchasing protection and refunds for cancelling protection. Costs paid by protection purchasers are set aside in a fee pool and slowly accrue to protection suppliers as yield.

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Audited and Secure

Protocol Security

April 2023

Backed by the best

polychain
electric
variant
dragonfly
robot
cms
coinbase