Anyone who holds 1 NPM token or higher can purchase a cover contract for up to 3 months in the future. No KYC is required.
To guarantee successful claims payout, the platform will restrict liquidity providers from withdrawing the locked assets for a set duration of time (configurable, governance).
The realized (non-claimable, expired) cover fees automatically accumulate in the pool. This ensures liquidity providers see their capital grow without having to withdraw.