Protekt Protocol's decentralized insurance solution allows the creation of a market for any smart contract to resist the risk of asset loss. The insurance it provides is mainly for DeFi protocols or smart contracts based on them. The scope of coverage includes hacker attacks, exploits, etc., compensation 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 yet been launched. PTK token is the governance and reward token of Protekt Protocol. It will be used to take stake on protocol responsibilities, make governance decisions, earn rewards from protocol fees, offer them as protocol rewards, and fund grants and audit reports for the DeFi protocols covered by Protekt.