2022-10-11 16:21 UTC
Claim was filed and member cited the UST depeg as the cause of their loss. Protocol Cover v1.0 protects against a loss of funds due to smart contract and technical failure within one smart contract system. The UST peg mechanism was not a part of Anchor Protocol, and Protocol Cover does not cover depeg events. Because the loss was due to a depeg event, which is a loss of value and not a loss of funds, Claims Assessors voted to deny this claim.
2022-03-22 13:56 UTC