Covered while you are exposed.
- What it is
- Insurance on money in a vault, priced per second you are in it, paid from the yield.
- Who it is for
- Anyone parking money in a vault.
- Try it now
- Enter a position, watch the premium stream, exit and watch it stop.
Yield
0.278809
+0.000063 a second
Premium
0.031981
0.000007 a second, from the yield
Covered 29,121.97 · Vault A · 6.80% · for 1h 14m
Example position
1,386 positions under cover · 2,662,264 USDC · premiums 0.0006 a second
Only while you are there
Cover starts when the position does and ends when it does. Three hours in a vault is three hours of cover.
Priced by the second
Not a month you did not need. The premium is metered second by second on the size you actually hold.
Skimmed from yield
A thin slice of what the position earns, taken as it earns it. Nothing leaves your pocket.
Why Arc
A premium priced per second only makes sense where settling it costs less than the premium. On Arc a payment costs a fraction of a cent, so cover can be metered by the second, skimmed from yield as it accrues, and switched off the instant the position closes.