Claim ID
V1 #7
Claim Submitted
2020-03-13 05:14 UTC
Cover ID
253
Notes
The MakerDAO Black Thursday event was widely discussed in Discord among members. It was agreed that this was not a smart contract failure, but a failure of the economic design of the protocol, which wasn't covered under the original Smart Contract Cover. Because the cause of this loss event wasn't included in the terms outlined in Smart Contract Cover, members denied this claim.
Project
MakerDAO MCD
Purchase Date
2020-03-09 18:38 UTC
Verdict
Denied
Year
2020