Armor
Armor is a DeFi coverage aggregator that wraps Nexus Mutual's blockchain-based insurance into tokenized, tradeable cover products (arCORE, arNFT, vaults) for self-serve, global DeFi users, and has since migrated to ease.org with an "Uninsurance" product line.
- Company typePrivate
- Founded2020
- Headquarters—
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
Armor firmographics
Firmographics- Name
- Armor
- Website
- https://armor.fi
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Armor is a DeFi coverage aggregator that wraps Nexus Mutual's blockchain-based insurance into tokenized, tradeable cover products (arCORE, arNFT, vaults) for self-serve, global DeFi users, and has since migrated to ease.org with an "Uninsurance" product line.
- Ownership category
- akta.pro rank
Armor industry classification
Industry- Product category
- DeFi Insurance & Crypto Coverage
- NAICS
- Other Insurance Funds (52519)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- DeFi Insurance & Protection Markets (covers, mutuals, slashing/peg protection) (FSAPAEAK)
- akta.pro secondary industry
- Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield) (FSAPAEAG)
Keywords
Armor business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- CoveragePremiums: Users pay per second for arCORE smart cover protection, with the 'Pay As You Grow' model indicating usage-based premium collection based on asset value protected.
- arNFT Sales and Trading: arNFT tokens can be bought, sold, and traded on secondary markets, generating transaction-based revenue through the platform's NFT marketplace mechanics.
- Liquidity Rewards: Rewards distributed to liquidity providers and arNFT stakers through the platform's staking mechanisms.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Pay-per-second coverage pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Armor product offering
Product offeringCore offering
Armor is a decentralized DeFi coverage aggregator that enables users to purchase blockchain-based insurance for their crypto assets and smart-contract positions, underwritten by Nexus Mutual. Its flagship products are arCORE (Smart Cover) for per-second real-time asset protection and arNFT for tradable, tokenized coverage policies, supplemented by Shield Vaults and arNXM Vault. Users connect their wallets directly to the platform and pay on a usage basis with no intermediaries.
Differentiator
Problem solved
Functional benefit
Products and services
- Smart Cover (arCORE) Real-time crypto asset tracking and protection system that charges users per second for coverage, providing continuous DeFi position protection with granular usage-based pricing. Aimed at individual DeFi users seeking protection against hacks and smart-contract failures.
- arNFT Non-fungible token-based coverage that can be bought, sold, traded, or staked for rewards, representing a transferable and liquid insurance policy. Aimed at DeFi participants who want portable, tradable coverage positions.
- Shield Vaults Auto-protection feature for liquidity positions that provides coverage of DeFi LP positions without additional cost to the user. Aimed at DeFi liquidity providers seeking automated, hands-off protection against impermanent loss and smart-contract risk.
- arNXM Vault Vault for swapping and depositing (w)NXM tokens to earn yield while maintaining coverage exposure on the platform. Aimed at NXM holders who want to optimize yield alongside their Nexus Mutual coverage.
Companies that use Armor
Customer profileSegments2 records
Ideal customer profiles2 records
Armor technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Armor partnerships and signals
Strategic signalScale indicators1 record
Armor competitors and assessment
Company assessmentDirect peers
- Sherlock: Sherlock is a smart-contract audit and audit-based cover protocol. It is directly comparable to Armor because it sells protocol-cover protection to DeFi users, though it leans on audited code rather than capital pools.
- Neptune Mutual: Neptune Mutual is a DeFi insurance protocol providing parametric cover for smart-contract exploits. It targets the same crypto-asset holders Armor covers, with comparable product mechanics and distribution approach.
- InsurAce: InsurAce is a DeFi insurance protocol offering smart-contract cover and yield-bearing insurance products. It competes directly with Armor for the same DeFi user wallets seeking protocol and stablecoin coverage.
- Nexus Mutual: Nexus Mutual is the on-chain insurance alternative that actually underwrites Armor's cover. It operates the mutual risk pool and claims process that Armor aggregates on top of, making it the closest peer in product category and customer base.
- Bridge Mutual: Bridge Mutual is a decentralized insurance alternative covering smart-contract and stablecoin risk with a community-governed risk pool. It is directly comparable to Armor in product, customer segment, and underwriting model.
- Unslashed Finance: Unslashed Finance is a DeFi insurance and coverage marketplace offering smart-contract and validator cover. It competes with Armor for the same risk-transfer wallet and uses a marketplace/aggregator-style architecture.
- Solace Insurance Protocol: Solace is a DeFi insurance protocol offering smart-contract and stablecoin cover with its own underwriting pool. It targets the same customer base as Armor with comparable one-click coverage UX.
Emerging players
- EigenLayer: EigenLayer is a restaking protocol that enables shared security and slashing coverage across AVSs. While not a direct insurance peer, it intersects with Armor's smart-contract risk market by offering cryptoeconomic guarantees that compete with traditional cover demand.
- RiskDAO: RiskDAO provides DeFi risk analytics and coverage infrastructure, sitting between pure analytics (Gauntlet) and pure insurance. It is comparable to Armor as an enabling/protocol-side risk layer that overlaps with cover products.
Others
- Ease.org: Ease.org is the destination brand that Armor has migrated into under the Uninsurance product. It is effectively the parent ecosystem for Armor's coverage products, and as such is the most directly comparable platform going forward.
Market position
Customer concentration
Armor social profiles
Digital presenceArmor financial estimates
Financial estimateRevenue estimate
Valuation estimate
Armor leadership team
Management profileNumber of profiles
Profiles1 record
Armor funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Armor M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Armor
What does Armor do?
Armor is a decentralized DeFi coverage aggregator that enables users to purchase blockchain-based insurance for their crypto assets and smart-contract positions, underwritten by Nexus Mutual. Its flagship products are arCORE (Smart Cover) for per-second real-time asset protection and arNFT for tradable, tokenized coverage policies, supplemented by Shield Vaults and arNXM Vault. Users connect their wallets directly to the platform and pay on a usage basis with no intermediaries.
When was Armor founded?
Armor was founded in 2020. It employs 1 to 10 people.
How does Armor make money?
Three revenue lines are on record. CoveragePremiums are the primary driver. The others are arNFT Sales and Trading and liquidity Rewards.
Who are Armor's main competitors?
Direct peers on record are Sherlock, Neptune Mutual, InsurAce, Nexus Mutual, Bridge Mutual, Unslashed Finance and Solace Insurance Protocol. Emerging players are EigenLayer and RiskDAO. Ease.org is listed as an others.
Does Armor have an API?
No public API is recorded for Armor.
What industry is Armor in?
Armor's product category is DeFi Insurance & Crypto Coverage. Its primary akta.pro industry code is FSAPAEAK, DeFi Insurance & Protection Markets (covers, mutuals, slashing/peg protection), with a secondary code of FSAPAEAG, Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield). Its NAICS code is 52519 and its SIC code is 6200.