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A cover market on top of the tranched pool on devnet: sellers fund a shared
collateral pool, buyers pay a fixed-rate premium for cover on a notional and
term, a loss recorded by the operator is settled by anyone with one
transaction, and the payout of notional x loss goes to the buyer only. A
contract that expires without a qualifying loss releases its reserve and the
premium stays with the sellers. Protection panel in the web app, landing page
at the site root, app under /app/. Scripted devnet scenario with a fresh buyer
and seller: 97.4 s over 16 transactions, settle paid +150.00 WUSD on a 1,000
notional for a 15 % loss, to the unit. The what-if cabinet follows in v0.3.0.