The world's first DeFi on-chain Credit Default Swap for RWA tokens.

Protecting the $26.6B RWA token market from issuer default. CoverFi is the first on-chain credit default swap - algorithmic credit scoring, dual-tranche pools, and compliance-native automated payouts in the entire web3 ecosystem on Arbitrum.

CoverFi solves the most critical gap in the $26.6B tokenized RWA market: zero automated protection against issuer default.

Three innovations:

1. Issuer Reputation Score (IRS) - continuous 0-1000 behavioral credit score from 5 on-chain signals, driving premiums via 1600 × e^(-0.001386 × IRS)

2. Dual-Tranche Insurance Pool - Senior (srCVR, 70%) uses Compound cToken exchange rate model; Junior (jrCVR, 30%) uses pro-rata epoch yield. 5% issuer bond as first-loss capital.

3. ERC-3643 Compliance-Native Payout - checks isVerified() + isFrozen() before every USDT distribution. 2-of-3 attestor default confirmation triggers automated waterfall: Bond -> Junior -> Senior.

Built with 12 core smart contracts, 416 passing tests, 9-page production frontend, deployed on Arbitrum Sepolia Testnet.

Deployment on Arbitrum Sepolia, chain ID 421614.

CoverFi Smart Contracts

Arbitrum Sepolia · Chain ID 421614

• MockUSDT0x2bBf07A1f4F67C1e9dEEF49b64Cbed1DB59367f7

• TIR0x8aa66FB85b74014383dBF0D8372b03EF46461732

• IssuerBond0x76B1412B009eCAbED3c91ee21fCA64E73214504E

• IRSOracle0x5cA23Cd0D991257cA55AcCd8E749b138E77440eC

• DefaultOracle0x413Ef18AfA122D459605d2E74D60B788bA8FDB5b

• IssuerRegistry0x32BC3202d410d4aE76C1f973517B13986Ac967cF

• InsurancePool0x2D32a4b5C11F9bEAb55057b80567BDFe54889FBA

• srCVR0xD6E6391a87B47885E1133068d27956d1c52C52A5

• jrCVR0x0ba73ebe6da9Ce35340d696e00FCE64Ed4A2FAc3

• ProtectionCert0x644b0B7d1078ccBD7dF98fB71dC50704A3de9E65

• PayoutEngine0x7FEf88ACD8d7F41FCc86566E2C853636463478c5

• SubrogationNFT0x5125e8020cA0066a9072A4B9ad54d80D4e6C7980