× xCover HOW IT WORKS
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THE xCOVER PRODUCT

Cover for an Aave V3 position, with the decision in plain sight.

xCover reads live reserve evidence, signs a price or refusal, and lets the wallet and contracts enforce the final position. Capital providers supply the pool behind the cover.

LIVE STATUS
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01 / OVERVIEW

Three responsibilities, kept separate.

xCover is designed so the pricing agent can make a decision without controlling user funds. The wallet signs money-moving transactions, while the contracts enforce the recorded decision and solvency rules.

01ReadAave V3 reserve and pool state
02PriceSigned quote or signed refusal
03EnforceRegistry, vault, pool, and resolver
02 / DEPOSITOR FLOW

Open a covered USDT deposit.

  1. Connect on X Layer. The dashboard checks the wallet network and offers to add or switch to chain 196.
  2. Request a live price. The service reads the configured mainnet deployment and returns a signed price or a refusal with reasons.
  3. Record the decision. The wallet submits the signed decision to the pricing registry, making it public and binding for the next step.
  4. Approve and open. The wallet approves USDT, then the vault opens the Aave-backed position with the quote hash attached.
  5. Read or exit. The dashboard reads the position and lets its owner exit the full position when the contract allows it.
03 / UNDERWRITING

Capital stands behind the cover.

Underwriters approve USDT to the pool and deposit capital for pool shares. Free capital is the amount available for new cover; outstanding cover is the amount already reserved.

Two transactionsApprove USDT, then add pool funds.One exit pathWithdraw shares when capital is free.
04 / CLAIMS

Observations create the evidence trail.

Anyone can publish a fresh reserve observation. The resolver samples the venue and Aave state over time; a keeper does not decide whether a claim is valid. The deployed claim rules evaluate the recorded evidence and pay according to the policy terms.

What the dashboard showsReserve liquidity, deficit, supplied assets, pool capital, outstanding cover, and public registry counters.
05 / CONTROLS

Refusal is a valid outcome.

Reserve evidenceMissing or inconsistent data can stop a quote.
Pool capacityNew cover cannot exceed available backing.
Price validityQuotes expire at a block and must be recorded before deposit.
Contract separationThe pricer signs decisions; it cannot move pool funds or settle claims.

Live pricing is currently marked provisional and unaudited while calibration continues. Treat the dashboard as a working protocol interface, not a promise of loss coverage.

06 / LIVE DEPLOYMENT

Verify what you are using.

These addresses are loaded from the same deployment record that powers the dashboard.

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