Earn a yield on your tokens without the risk of smart contract hacks, bugs, or exploits.
Don't get rekt, use Protekt!
We keep you safe by insuring all deposits against smart contract vulnerabilities.
We audit, test, & monitor all financial services so you don't have to.
Only high-quality, audited projects are rated and added to the platform.
Depositing in DeFi is easier and provides better returns than your bank (or any TradFi).
Track your earnings, reinvest gains, and stake to shield mine for others.
Compound and Aave are the two protocols that are supported at launch. Both projects provide token lending services and currently have the best liquidity in the ecosystem. Protekt will add other protocols in the future but commits to only support the very best, most secure, and highly rated projects and smart contracts.
Shield mining allows users to stake capital on protocols they believe are safe and earn a return on their deposit. For example, shield miners can stake to protect the DAI market on Compound and earn 2-10% APR on that capital, which can also be reinvested. Different pools (or tranches) of risk/rewards are available to suit different risk appetites.
The cost of coverage is extracted from the yield of the underlying protocol, rather than actively purchased for a set period of time. Coverage is active from your first deposit, til your final withdrawal, and fees are taken block-by-block. The cost is a function of the coverage amount and Protocol Risk Rating for the service.