Documentation
How Elygius Fund Works.
Everything you need to know about our crypto asset protection protocol, who we cover, and the claims process.
Overview
Elygius Fund is a crypto asset protection protocol built on Ethereum. We enable individual holders of digital assets to insure their crypto directly through smart contracts, paying an annual premium in the same token being insured.
Blockchains were created for people, not companies. Elygius Fund insures the individuals who hold digital assets and need protection against the real-world threats that no smart contract audit can prevent.
At the moment, Elygius Fund's application is compatible only with non-custodial wallets.
$30M+
Protection pool size
$9M+
Claims paid to date
48
Covered assets across 4 vaults
Who We Cover
If you hold crypto on the Ethereum chain, unfortunately, you are exposed to major risks. Our clients come from the following backgrounds:
Long-Term Holders
Targeted by phishing, SIM swap attacks, social engineering, and seed phrase theft precisely because their holdings are significant and their security posture is often static. Elygius Fund provides a financial backstop against these threats.
DeFi Investors
Active participants in decentralized finance who supply liquidity, stake, or lend across Ethereum protocols are one of the most important actors of our descentralized world. Any attack on this segment comes with enormous consequences across the entire DeFi space. Our Governance Vault and Exotic Vault are specifically designed for this profile.
Individual Crypto Traders
Traders who hold significant balances in wallet are real market makers. Elygius Fund allows traders to activate coverage for specific assets and amounts without long-term commitments beyond the annual policy period.
On-Chain Developers
Frequently targeted through their technical access, either compromised development environments, malicious dependencies, or social engineering attacks that exploit their proximity to high-value wallets.
Crypto-Native Contractors
For this segment, a theft event is not just a financial loss but an operational disruption. Elygius Fund provides coverage for the assets most commonly held by this segment across Stables Vault and Main Coins Vault.
How We Cover
Elygius Fund has 4 main contracts deployed on the Ethereum mainnet. Each smart contract stores policies on chain, has the source code public, and can be entirely analyzed here.
What We Cover
Elygius Fund covers individual holders against the following categories of risk.
Phishing & Social Engineering
Loss of assets caused by attackers deceiving the insured into approving or commiting unwanted, or dangerous actions.
Private Key & Seed Phrase Theft
Unauthorized access to private keys or seed phrase.
Unauthorized Wallet Access
Loss caused by unauthorized parties gaining access to and draining the insured's wallet
SIM Swap Attacks
Loss resulting from a SIM swap attack that bypasses two-factor authentication.
Bridge Exploits
Loss affecting the cross-chain representation of an insured token, caused by an exploit of the bridge infrastructure used to transfer the assets.
Malware
Loss caused by direct or indirect events involving malware such as: clipboad hijacker, crypto stealer, etc.
Protocol-Level Token Collapse
Loos caused by a pool insolvency due to theft or artificial manipulation that drains the underlying reserves backing the token. Market-driven price drops and rug pulls are not covered.
Deepfakes Attacks
Loss resulting from a deepfake impersonation of a trusted party ( included, but not limited to: a close relative, colleague, or known platform) that deceives the insured into transferring assets or revealing sensitive information.
Steps To Start
Step 1: Sign the Off-Chain Policy Agreement
Before activating on-chain coverage, both parties sign a Policy Agreement document, which serves as the legal basis for the on-chain policy.
Step 2: Connect Your Portfolio
Connect any EVM wallet to the Elygius Fund application. Your token balances are displayed automatically.
Step 3: Select Your Token
Select the asset specified in your signed policy agreement to proceed to the policy generation step.
Step 4: Activate the On-Chain Policy
Upon approval, the premium is deducted from your wallet and the policy is created on-chain with a unique policy ID. Coverage is active immediately and valid for 365 days.
Protection Pool
Elygius Fund maintains a protection pool exceeding $30 million, from which all approved claims are paid directly and automatically on-chain. You can find our protection pool here.
The pool is capitalized through multiple independent sources, ensuring long-term solvency regardless of individual claim volumes.
| Source | Description | Share |
|---|---|---|
| Yield Strategies | A portion of the idle pool is deployed into lending pools, generating stable, annual yields. | 35% |
| Annual Premiums | Annual insurance premiums collected across all 4 vaults. | 20% |
| Founder Capital | Initial capital of the Elygius Fund team. | 15% |
| Expired Policy Reserves | Premiums collected for policies that expired without a claim are retained in the pool. | 10% |
| Partnership Integrations | Fee revenue generated through platform integrations and referral partnerships with wallets that recommend our coverage to their users. | 10% |
| Prior Year Retained Earnings | Uninvested profit from previous operating years retained within the pool as a long-term reserve. | 5% |
| External Investors | Capital from private investors who contribute to pool liquidity in exchange for a preferential annual yield. | 5% |
Claims Process
Elygius Fund is ofering a transparent, fast, and fair process to cover your damages. Please read about our entire claims process here.
Ready to start securing your portfolio?
Our team is ready to help you find the right coverage for you.
Contact our team