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● ACTIVE0xcCbE…864D

Flash ETH 48h

ETH price drops ≥18% in any rolling 48-hour window. If the trigger fires during your policy term, you receive a ClaimBond for the full payout amount, redeemable in $LUMINA at maturity.

TRIGGER LOGIC · CHAINLINK ORACLE

IF chainlink_eth_usd · ETH price drops ≥18% in any rolling 48-hour window
THEN mint_claimbond(buyer, payout=cover×80%, maturity≈730d)
ELSE burn(premium → LUMINA via TWAPBurner)

WHAT HAPPENS NEXT

STEP 01

Approve USDC

Allow CoverRouterV2 to pull premium

STEP 02

Buy policy

Premium routes to TWAPBurner

STEP 03

Oracle watches

Trigger window starts

STEP 04

Bond or burn

Trigger → ClaimBond / no → LUMINA burned