Ashgrove Cover
Parametric cover pools for smart-contract risk.
Capital providers underwrite cover pools; buyers purchase time-bound cover. Claims are assessed by a committee vote against published parametric triggers.
- Ecosystem
- Arbitrum
- Category
- Insurance
- Languages
- Solidity
- Launched
- Jul 2025
Grade BBB · Moderate risk
Adequate posture with notable weaknesses in one or more areas.
+0.3 since Nov 2025 · ±0.0 since Jul 2026
Quantix Protocol Research · as of 24 Oct 2026 · About this data
Risk Index
How the score is built
| Component | Weight | Value | Points | Gap |
|---|---|---|---|---|
| Code Security | 30% | 80 | 24.0 | −6.0 |
| Operational Security | 20% | 76 | 15.2 | −4.8 |
| Governance Risk | 15% | 72 | 10.8 | −4.2 |
| Economic Security | 15% | 76 | 11.4 | −3.6 |
| Infrastructure Resilience | 10% | 78 | 7.8 | −2.2 |
| Transparency | 10% | 82 | 8.2 | −1.8 |
| Quantix Risk Index | 100% | 77.4 | −22.6 |
| Component | Ashgrove Cover |
|---|---|
| Code | 80 |
| Operational | 76 |
| Governance | 72 |
| Economic | 76 |
| Infrastructure | 78 |
| Transparency | 82 |
Grade scale
- AAA90–100
- AA85–89.9
- A80–84.9
- BBB75–79.9
- BB70–74.9
- B65–69.9
- CCC60–64.9
- CC55–59.9
- C50–54.9
- D0–49.9
Score history
12 monthly snapshots
| Period | Quantix Risk Index |
|---|---|
| Nov ’25 | 77.1 |
| Dec ’25 | 77.1 |
| Jan ’26 | 77.1 |
| Feb ’26 | 77.1 |
| Mar ’26 | 77.1 |
| Apr ’26 | 77.4 |
| May ’26 | 77.4 |
| Jun ’26 | 77.4 |
| Jul ’26 | 77.4 |
| Aug ’26 | 77.4 |
| Sep ’26 | 77.4 |
| Oct ’26 | 77.4 |
9 Apr 2026
Disclosure
Claims rationale published
Each decision now ships with a written rationale.
- Transparency+3
Risk factors
MediumGovernance RiskProfile analysis
Committee concentration
Four members decide each claim; conflicts of interest would directly affect payouts.
MediumEconomic SecurityProfile analysis
Correlated claims
One widely used dependency failing can trigger many claims at once.
Recommendations
Governance Risk: 72 → 80
Committee rotation and recusal rules
Rotate members and publish recusal decisions.
+1.2
→ 78.6
Economic Security: 76 → 82
Correlation-aware capacity
Cap cover sold per shared dependency.
+0.9
→ 78.3
Analysis
Contract, governance and operations
Contract analysis
- Source
- Verified
- Upgradeability
- Transparent proxy
- Administrative control
- Ashgrove timelock (48 h)
- Enforced delay
- 48 hours
- External dependencies
- Claims committee; Parametric trigger data
- PassSource verified. Pools, cover NFTs and committee verified.
- CautionCommittee size. Seven members; four decide a claim.
- PassTrigger data. Triggers reference published incident criteria.
Governance exposure
Moderate
A small committee decides claims; parameters pass a 48-hour timelock.
Operational resilience
Strong
Claims process documented with public rationale.
Monitoring
Monitoring history
- 20 Nov 2025InformationalCover purchases at 1.6× the usual rateContract Activity · CoverPoolResolved
Research assessment
No Quantix assessment of Ashgrove Cover has been published. Its security findings are represented by the contract-analysis signals above: 0 failed and 1 cautionary.
Research
Relevant research
Architecture
System components
- CoverPool
- Underwriting capital and premiums
- CoverNFT
- Cover positions
- ClaimsCommittee
- Claim votes and payouts
Turn risk factors into a remediation plan.
A research assessment traces each weakness to code, configuration or process, and verifies the fix before the score moves.