Product analysis

Convex cover,
coverage and gaps.

Cover for Convex, which sits on top of Curve: only a bug in Convex itself is covered, losses at Curve underneath (where the money works) are excluded.

Raccoon Score 63/100 Limited

Who this is for: Convex depositors staking Curve LP positions

Verdict

Convex is a layer on Curve, and this cover protects the layer, not what is underneath. The listing spells that out itself: its metadata excludes losses that occur outside the designated protocol, such as a separate protocol used in an underlying yield aggregation strategy. Since Convex positions ultimately sit in Curve pools, a Curve exploit (as in July 2023) points a Convex holder to Curve cover, not this one. What remains genuinely covered is a bug in Convex own contracts, on a target with no core fund loss to date but a complex admin surface and a June 2022 frontend hijack. The three explicit exclusions make the boundary honest and clear; they also make the covered surface thin.

Confidence: medium 6 red flags As of 2026-07-22

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The score above is free. The full analysis behind it is a paid, sourced report.

Coverage check & real-risk fit
Coverage gap map
Claims process & payout history
Live on-chain data & capital
Loss simulator (stress test)
Premium cross-check
Red flags & open questions
Full Raccoon Score (7 categories)
Methodology & sources

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Convex cover,coverage and gaps.

Full report locked

Convex cover,
coverage and gaps.