Overview
The Catalysis Network coordinates a set of stakeholders that collectively enable onchain, vault-native risk coverage.
Capital allocators supply underwriting capacity via restaking protocols, Catalysis structures that capacity into CoverPools and DeFi vault protocols expose Covered Vaults where premiums and claims are handled at the vault layer.
Integration partners then distribute these Covered Vaults through familiar frontends, making coverage accessible without adding a separate "external" workflow for users.
Visualization
Key terms
- CoverPool: A risk-isolated underwriting pool funded by delegator capital. It receives premiums and pays claims when triggered.
- Base Vault: Standard vault exposure (no coverage).
- Covered Vault: Vault exposure with an embedded coverage mechanism (premiums + claim crediting handled at the vault layer).
- Adapter: Integration module that connects Catalysis coverage logic to a specific vault protocol implementation.
Key Stakeholders
| # | Stakeholder | Description |
|---|---|---|
| 1 | Delegator (Restaker / LRT) | - Supplies capital that back CoverPools (Capacity Providers) - Earns yields in exchange for bearing loss risk - May participate directly or via LRTs and vault curators |
| 2 | Restaking Protocol (EigenLayer) | - Custodies and tracks restaked collateral; enforces slashing / reward distribution - Serves as the coordination layer between Catalysis and restakers |
| 3 | Catalysis | - Smart-contract-based risk coverage infrastructure that creates and manages CoverPools - Calculates risk premiums and provides vault-native integration via custom adapters (e.g., Morpho Adapter) |
| 4 | DeFi Protocols (Vault-Based) | - Vault infrastructure where coverage is embedded as an opt-in Covered Vault alongside a Base Vault (e.g., Morpho) - Defines the vault-level integration surface for premiums, claims and accounting via adapters |
| 5 | Integration Partners (Distribution) | - Frontends and aggregators that surface Covered Vaults to depositors and route deposits (e.g., Superform, Jumper Earn) - Distribute covered vault opportunities to users without requiring an external “coverage workflow” |
| 6 | Covered Vault Depositors (End Users) | - Institutions and retail that opt into coverage via an integration partner (UI / earn platform) - Deposit into Covered Vaults and pay premiums as a net APY haircut - Receive downside protection when covered loss triggers occur |