Armor

Armor is a smart cover aggregator for DeFi which provides Pay as You Go coverage for user funds across various protocols.

Armor insurance is underwritten by Nexus Mutual

• Permissionless (No sign-up required)

• Pay as you go coverage across various protocols

• Flexible amount/ duration coverage, only pay what you owe

SMART COVER

Armor tracks exact amounts of user funds as they dynamically move across various protocols, and bills by the second using a streamed payment system. The result is minimized costs and maximized flexibility!

Armor Token

• Total supply: 1,000,000,000 ARMOR (fixed supply, not mintable)
• 749,999,800 after token burns

How the Armor protocol make money

• Minting arNFT generates distributable fees on expiry equal to 10% of the premium charged.

• arCore Smart Cover System and arShield sales to end users via pooled arNFT coverage generates distributable fees via 10% profit share.

• arNXM Yield Vault generates distributable fees via 10% profit share.

• Additional ARMOR token are awarded for participation in governance on protocol and system updates, review and approval of claim submissions and review and management of protocol fee structures.

Sources:

• https://armorfi.gitbook.io/armor/
• https://armor.fi/blog