Armor.Fi is designed to achieve smart coverage for DeFi assets, protecting them without micromanagement. It is a dynamic DeFi asset protector built on Nexus, a much-needed addition to the digital asset ecosystem that has been optimized for the value and duration of assets deployed.
Armor is a decentralized broker underwritten by a blockchain-based insurance alternative from Nexus Mutual. Armor is a smart insurance aggregator for DeFi, built on trustless and decentralized financial infrastructure.
ARMOR is the governance token of the system, used for:
staking in the ETH liquidity pool on the ARMOR platform and converting LP tokens into governance stakes, earning LP fees + staking rewards (20% of profits);
governing protocol and system updates.
Project Introduction
Armor is a smart coverage aggregator for DeFi, providing pay-as-you-go protection for user funds across various protocols.
Protect your investments against smart contract risks in popular protocols like Uniswap, Sushiswap, AAVE, Maker, Compound, Curve, Synthetix, Yearn, RenVM, and Balancer.
Armor.Fi is underwritten by Nexus Mutual, with additional features:
Permissionless (no registration required)
Pay-as-you-go across various protocols
Flexible coverage amounts/terms, paying only what you owe
Smart Wrapping, Transforming Assets
Armor tracks the exact amount of user funds as they dynamically move between various protocols and uses a streaming payment system billed by the second. The result is minimized costs and maximized flexibility!
Currently supported currency: ETH.