hackquest logo

CoverFi

The world's first DeFi on-chain Credit Default Swap for RWA tokens.

비디오

프로젝트 이미지 1
프로젝트 이미지 2
프로젝트 이미지 3
프로젝트 이미지 4

기술 스택

Solidity
Typescript
Javascript

설명

The world's first DeFi on-chain Credit Default Swap for RWA tokens.

Protecting the $26.6B RWA token market from issuer default. CoverFi is the first on-chain credit default swap - algorithmic credit scoring, dual-tranche pools, and compliance-native automated payouts in the entire web3 ecosystem on Arbitrum.

CoverFi solves the most critical gap in the $26.6B tokenized RWA market: zero automated protection against issuer default.

Three innovations:

  1. Issuer Reputation Score (IRS) - continuous 0-1000 behavioral credit score from 5 on-chain signals, driving premiums via 1600 × e^(-0.001386 × IRS)

  2. Dual-Tranche Insurance Pool - Senior (srCVR, 70%) uses Compound cToken exchange rate model; Junior (jrCVR, 30%) uses pro-rata epoch yield. 5% issuer bond as first-loss capital.

  3. ERC-3643 Compliance-Native Payout - checks isVerified() + isFrozen() before every USDT distribution. 2-of-3 attestor default confirmation triggers automated waterfall: Bond -> Junior -> Senior.

Built with 12 core smart contracts, 416 passing tests, 9-page production frontend, deployed on Arbitrum Sepolia Testnet.

Deployment on Arbitrum Sepolia, chain ID 421614.

CoverFi Smart Contracts

Arbitrum Sepolia · Chain ID 421614

팀 리더
MMike Nse
프로젝트 링크
부문
DeFiRWA