start here.
If you read one page, read Risks & Limitations. It sets out what coverage is actually worth before anything else describes what it does.
Protocol
- OverviewWhat HERA is, what it protects against, and how the pieces fit together.
- How Protection WorksThe full path from protocol activity to a USDC settlement, step by step.
- The ReserveHow the protection reserve is funded, held, verified and drawn down.
- Fee ModelWhere protocol fees go, why the split is fixed at collection, and what each share is for.