CoverPools
What is a CoverPool
A CoverPool is a specialized, risk-isolated coverage instance within Catalysis that holds committed delegations from restakers. It aggregates slashable delegations from restakers into a pool of raw coverage capacity that can be allocated to underwrite specific institutional & real-world risks.
Each CoverPool is risk-isolated in terms of both legal underwriting & economic risk exposure.
CoverPools act as the primary marketplace entity that connects restakers (capacity providers), curators (risk managers) and clients (institutions seeking coverage) into a single onchain flow.
Think of a CoverPool like a syndicate at Lloyd’s of London:
- Each syndicate (CoverPool) insures a particular risk.
- A coverage client can spread protection across multiple CoverPools, just as Lloyd’s policyholders often source cover from several syndicates.
- This creates modular, diversified risk underwriting rather than relying on a single insurer.
Types of CoverPools
CoverPools can be categorized into two separate categories:
- Catalysis-curated
- 3rd-Party-curated
The core differences are highlighted below:
| Aspect | Catalysis-curated CoverPools | 3rd-party-curated CoverPools |
|---|---|---|
| Ownership | Owned/operated by Catalysis (legal + operational) | Owned/operated by a 3rd party (teams with expertise in insuring specific use-cases) (e.g., Sunereum, Native, Spice) |
| Underwriting | Catalysis is the underwriter | 3rd party underwrites risks |
| Risk management | Works with risk managers like Chaos Labs, LLamaRisk, Hypernative etc to monitor and manage risk parameters on a real-time basis | 3rd party provides its own risk monitoring & intelligence (may optionally integrate Catalysis analytics). |
| Service model | SLA for ongoing risk intelligence | Independent pool; Catalysis provides onchain infrastructure + marketplace, not day-to-day operational or legal help |
| Parameter control | Catalysis sets/updates parameters (with risk managers input & governance) | 3rd party sets/updates parameters; Catalysis enforces via smart-contract rules only |
| Examples | Internal pools run by Catalysis core team | Sunereum, Native, Spice etc |
Catalysis Core
CoverPools are backed by a technology called Catalysis Core.
Catalysis Core is the first Security Abstraction Layer that unlocks Unified Access to $20B+ ETH, BTC & SOL-backed Economic Security across major restaking protocols on Ethereum, Bitcoin & Solana.
It introduces a new primitive called Shared Security Abstraction (SSA) that separates application logic from the complexities of underlying restaking infrastructure. By standardizing interactions across protocols like EigenLayer, Symbiotic and SatLayer. Catalysis Core allows applications and networks to consume restaked security through a single, abstract interface.
