Registered Issuers
| Issuer | IRS Score | Premium Rate | Coverage Cap | Status |
|---|---|---|---|---|
|
AsiaReit Capital
|
820 | 3.24% | $50,000 | Active |
|
TradeFlow Finance
|
600 | 6.96% | $30,000 | Active |
|
UrbanBridge Infra
|
380 | 14.8% | $20,000 | Monitoring |
How CoverFi Works
1
Issuer Registers
RWA issuers post a 5 ETH bond and get attested by 3 independent verifiers (custodian, legal, auditor)
2
IRS Score Calculated
5-dimensional risk score (0-1000) across NAV, attestation, repayment, collateral and activity metrics
3
Coverage Purchased
Token holders buy protection. Premium set algorithmically: 1600 x e^(-0.001386 x IRS) bps/year
4
LPs Provide Liquidity
Senior (70%) and junior (30%) tranches earn yield from premiums. Junior absorbs first-loss risk
5
Default Detected
2-of-3 trusted attestors confirm default event. Oracle triggers payout engine automatically
6
Payout Executed
USDT sent to verified ERC-3643 holders. SubrogationNFT minted for Foundation recovery rights
Live Protocol Events
Default Payout Executed
UrbanBridge Infra: $15,000 USDT paid, SubrogationNFT #1 minted, IRS→0
2h ago
Default Confirmed
2/3 Attestors: MISAPPROPRIATION confirmed by Custodian + Auditor
3h ago
Coverage Purchased
TradeFlow Finance: $15,000 coverage, 696 bps premium, ProtectionCert #3
5h ago
Liquidity Deposited
Senior Tranche: $7,000 USDT, 7000 srCVR minted
6h ago
Issuer Activated
TradeFlow Finance: 2-of-3 attestations, 5 ETH bond, IRS 600
8h ago
IRS Oracle — TradeFlow Finance
600
Issuer Reputation Score (0 - 1000)
Annual Premium
696 bps
1600 × e^(-0.001386 × 600)
Insurance Pool
Senior (srCVR)
Junior (jrCVR)
Senior TVL
$87,150 (70%)
Junior TVL
$37,350 (30%)
Total
$124,500
Senior APY
4.2%
Junior APY
9.8%
Redemption Gate
Open
Get Covered
ProtectionCert #3 · ERC-721 + ERC-5192
Coverage Certificate
Issuer
TradeFlow Finance
Coverage
$15,000
Premium Paid
$1,044
Expires
Mar 25, 2027
Holder
0xce22...42fb3