Cozy 🦥 Profile picture
May 9 10 tweets 5 min read Twitter logo Read on Twitter
The Cozy v2 protocol is the protection marketplace for on-chain yield seekers.

And as of right now, it is live on Optimism to non-US users.

Try it out at cozy.finance.

Read on to learn more.

👇

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With Cozy v2, you can buy protection to
hedge against risks like smart contract hacks, depegs, and more.

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Or you can earn yields by providing protection, backing an index of markets.

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If you don’t find the market you’re looking for, you can use the protocol to create one.

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You can create markets that cover anything from depegs, hacks, custody risks, and more.

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Markets pay out predictably and automatically. No opaque claims process.

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Pricing is programmatic, so price discovery efficient and fair.

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Capital is used efficiently to maximize yields for protection providers and minimize costs for protection buyers.

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Cozy v2 launches with one set and six markets.

1. @LidoFinance stETH
2. @CurveFinance
3. @AaveAave v2
4. @Uniswap v3
5. @MakerDAO Dai
6. @dYdX

9/10

We can’t wait to see what you do with Cozy v2.

Stay tuned for a series of deep dives on every aspect of the protocol.

Read the full announcement here: mirror.xyz/cozy.eth/w24TU…

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More from @cozyfinance

Sep 21, 2022
Hackers stole nearly $3B of assets from crypto users this year alone--more than all other years combined.

What can we learn from these exploits to make DeFi a safer place?

We broke down the ten largest hacks of all time. Here's what we found.
TLDR: the attack surface for protocols is large and there are no silver bullets. We will continue to see familiar and creative exploits. Protecting user funds is a collective effort and requires a holistic approach. Image
As shown in the table, there are a wide range of exploits.

In a sample size of only ten, we see six distinct causes of hack.

1. Token approvals
2. Economic exploits
3. Compromised keys
4. Bugs in upgrades
5. Governance attacks
6. Security Vulnerabilities
Read 9 tweets

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