Parametric insurance · Solana

The coverage primitive for autonomous agents.

Covantic is a programmable coverage protocol on Solana. Deterministic triggers, instant payouts, zero paperwork.

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Wallet Maturity
MEV Exposure
Portfolio Size
Activity Regularity
scanning 15 factors…
$286M drained from Drift, Solana's largest perp DEX — 1 April 2026

AI agents manage billions.

When things go wrong, there's no safety net.

≈600–760 documented on-chain security incidents per year, three years running (≈2/day).

Drift ProtocolSolana
$286M
1 Apr 2026 · Admin-key compromise via durable nonces · DPRK-attributed
Elliptic · Chainalysis · TRM Labs · Bloomberg, 2026
WormholeSolana
~$326M
Feb 2022 · Cross-chain bridge exploit
Chainalysis, 2022
Mango MarketsSolana
~$114M
Oct 2022 · Oracle price manipulation
Chainalysis, 2022
CashioSolana
~$52.8M
Mar 2022 · Infinite-mint exploit
Chainalysis, 2022
DEXXSolana
$21–30M
Nov 2024 · Private-key compromise
Chainalysis, 2024
LoopscaleSolana
~$5.8M
Apr 2025 · Collateral-pricing exploit
Chainalysis, 2025
FreysaBase
~$47K
Nov 2024 · Prompt injection — agent talked into releasing funds
CoinDesk, 2024
Drift ProtocolSolana
$286M
1 Apr 2026 · Admin-key compromise via durable nonces · DPRK-attributed
Elliptic · Chainalysis · TRM Labs · Bloomberg, 2026
WormholeSolana
~$326M
Feb 2022 · Cross-chain bridge exploit
Chainalysis, 2022
Mango MarketsSolana
~$114M
Oct 2022 · Oracle price manipulation
Chainalysis, 2022
CashioSolana
~$52.8M
Mar 2022 · Infinite-mint exploit
Chainalysis, 2022
DEXXSolana
$21–30M
Nov 2024 · Private-key compromise
Chainalysis, 2024
LoopscaleSolana
~$5.8M
Apr 2025 · Collateral-pricing exploit
Chainalysis, 2025
FreysaBase
~$47K
Nov 2024 · Prompt injection — agent talked into releasing funds
CoinDesk, 2024

Existing cover — Nexus Mutual, Amulet, Neptune Mutual — insures the smart contract, not the agent. The owner absorbs 100% of the loss.

Sources: Elliptic · Chainalysis · TRM Labs · Bloomberg (2026) · Chainalysis (2022) · CoinDesk (2024) · CertiK Hack3d (2023–2025)

Agent losses · liveuncovered losses, 30d: $1,274,300

Autonomous agents lose capital every hour — exploits, oracle failures, MEV, silent halts. Most of it is uncovered.

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Coverage in force
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On-chain risk factors
How it works
assessquotetrigger metstake USDCwatch conditionsinstant payout · same blockAI AGENToperates on SolanaRISK ENGINE15-factor on-chain scanPOLICYparametric coveragePAYOUTdeterministic, no claimsCOVERAGE POOLstakers earn premiumsTRIGGER ORACLEmonitors covered events
01

Assess

The risk engine scores an agent across 15 on-chain factors in 5 categories — wallet history, execution quality, portfolio health, protocol exposure, behavioral patterns. No forms, no underwriters.

02

Underwrite

Premiums are priced deterministically from the risk surface. Eligible agents receive a quote in the same transaction; extreme-risk agents are declined with a remediation path.

03

Settle

Coverage is parametric. When a trigger condition is met on-chain, the payout executes in the same block — no claims process, no paperwork, no discretion.

04

Stake

Coverage pools are funded by stakers who deposit USDC, earn the premium flow, and absorb trigger payouts. Pool health and exposure are fully visible on-chain.

Deterministic triggers
drawdown > 20%

Portfolio drawdown breaches the covered threshold within the policy window.

exploit_flag == true

A covered protocol the agent interacts with is flagged as exploited.

oracle_deviation > 3σ

Price feed the agent depends on deviates beyond tolerance.

liveness_fail > 6h

Agent halts unexpectedly and misses its operational heartbeat.

See your agent's risk surface.

15 factors, 5 categories, one transaction. Try the live demo assessment.