The premium for insuring Badger at Cover is about the same as the yield

General Discussion
1

Help me understand something please
right now the cover annual premium for badger seems to cost 105% per year, about the same the protocol brings as yield, in that case what is the point to pay for cover if it will eat all the profit?
I hope I’m missing something here.

2

Correct. It’s for people who are bullish on $COVER and mining that.

Of course you could buy the NOCOVER badger tokens if you would like to double down on your confidence in BADGER and mine both BADGER and COVER.

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3

you don’t get $cover for mining it though. only $badger

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4

I just want an insurance at rate that makes sense.

5

what rate makes sense to you?

6

10% tops
…

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7

https://app.coverprotocol.com/app/governance

vote for $cover rewards to $badger shield mining pool @SexyBadger