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● ACTIVE0x06DF…d53d

Micro Depeg USDT

USDT trades below $0.995 for 7 consecutive days. 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_usdt_usd · USDT trades below $0.995 for 7 consecutive days
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