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Cozy V1 Review 2026: DeFi Protection Markets

Cozy V1 is an Ethereum protocol for automated, trust-minimized DeFi protection markets, presented as a Safety Module for vault depositors. Its broad purpose is clear, but key details about coverage, claims, fees and audits are not published.

Ethereum

By the DappsAtlas editorial team · Updated Nov 6, 2026

DappsAtlas score

—/10

Not rated

Visit Cozy V1

Our verdict on Cozy V1

Cozy V1 may interest DeFi users looking for an on-chain protection market associated with vault deposits. Its main strength is a clear, focused purpose: automated protection markets described as open-source and trust-minimized. The main caveat is that practical details are missing, including coverage terms, claims handling, fees and audits. Do not treat the Safety Module as a guarantee against losses; understand the specific market terms and contract risks before using it.

Score breakdown

How Cozy V1 scores

Security: n/a
Ease of use: n/a
Fees: n/a
Features: n/a

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Cozy V1?

Cozy V1 is an Ethereum-based, open-source protocol for automated and trust-minimized Protection Markets. Its homepage describes the Cozy Safety Module as on-chain protection for DeFi vault depositors.

The project does not publish specific coverage terms, claims procedures, fees, team details or audit information here. Review those details for any market before relying on it for protection.

How Cozy V1 works

Cozy describes V1 as an open-source protocol for automated, trust-minimized Protection Markets. Its Safety Module is presented as on-chain protection for DeFi vault depositors. In general, a protection market lets participants arrange coverage against specified risks, with terms encoded or administered through an on-chain system.

Cozy does not describe the specific coverage conditions, how claims are assessed, or how funds are allocated in the information presented here. Those details matter: a protection product only helps when an incident meets its terms, and interacting with on-chain contracts can expose users to technical and market risks.

3 features

Key features

Automated protection markets

Cozy describes the protocol as automating protection markets, but does not publish the specific process or terms here.

Vault depositor protection

The Safety Module is presented as on-chain protection for DeFi vault depositors.

Open-source protocol

The protocol is described as open-source; no audit details are listed.

Pros and cons

What we like

Focused on protection markets for DeFi vault depositors.
Described as open-source and on-chain.
Listed on Ethereum, with protocol TVL reported.

Watch out for

The specific protection terms and claims process are not described.
No audits are listed.
Fees and team details are not published.
On-chain protection still carries smart-contract and market risks.

Cozy V1 fees

Cozy V1 does not publish fee details here. Check the relevant market interface and transaction confirmation for any fees before using a protection market.

Is Cozy V1 safe?

No audits are listed for Cozy V1. The protocol is described as open-source, but that alone does not establish that its contracts are secure. On-chain protection products can involve smart-contract, market and claims-related risks; Cozy does not describe its coverage rules or claims process here. Custody arrangements and regulatory status are not published.

5 steps

How to get started with Cozy V1

1
Open Cozy’s official site and review the Safety Module information.
2
Confirm that the relevant protection market covers the vault or position you want to protect.
3
Read the market’s coverage conditions, exclusions, duration and claims process; these details are not published here.
4
Review any fees and transaction details in the interface before approving a transaction.
5
Connect an Ethereum wallet only if you understand the contract and market risks.

Open Cozy V1

Who Cozy V1 is for

Cozy V1 is aimed at DeFi users who want to explore on-chain protection for vault deposits and are comfortable evaluating smart-contract products. It is not a fit for users who need clearly published coverage and claims terms before considering a protection product.

Cozy V1 FAQs

What is Cozy V1?

Cozy V1 describes itself as an open-source protocol for automated, trust-minimized Protection Markets, with a Safety Module for DeFi vault depositors. The specific protection terms are not described.

Which blockchain does Cozy V1 use?

Cozy V1 is listed on Ethereum. The project describes its Safety Module as providing on-chain protection for DeFi vault depositors.

Is Cozy V1 audited, and what fees does it charge?

Coverage conditions, fees, claims procedures and audits are not listed. Check the relevant market’s terms and transaction details before interacting with it.

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