Protekt Protocol decentralized insurance solution allows the creation of markets for any smart contract, resisting the risk of asset losses. The insurance it provides is mainly aimed at DeFi protocols or based on its smart contracts. The coverage includes hacker attacks, vulnerabilities, etc., to compensate for losses caused by hacker attacks, and support and promote the development of the DeFi ecosystem.

PTK Token

Protekt Protocol will have a Governance and Cash Flow Token (PTK), but the token has not been launched yet. PTK Token is the governance and reward token of Protekt Protocol. It will be used to equity that assumes agreement liability, make governance decisions, receive rewards from agreement fees, provide as agreement rewards, and to fund subsidies and audit reports of DeFi agreements covered by Protekt.