Claim ID
V2 #34
Claim Submitted
2025-11-19 15:10
Cover ID
3256
Notes
The claimant provided onchain proof of loss and a summary of the loss event, which the Claims Committee compared against the Multi Protocol Cover Terms. The claimant held scUSD, which was 93% backed by USDC lending positions in permissionless Euler v2 markets where xUSD was used as collateral to borrow the USDC. Euler Finance v2 was included in the Annex at the time the cover was purchased and the claimant did suffer an unrealized loss because the underlying assets cannot be withdrawn from these Euler markets. After reviewing all of the evidence provided, the Claims Committee determined this claim was valid and voted to approve this claim.
Project
Rings
Purchase Date
2025-10-03 9:56
Verdict
Approved
Year
2025