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What Is a Credit Default Swap (CDS) and Is There a Crypto Equivalent?

A Credit Default Swap (CDS) is a financial derivative that acts as insurance against the default of a borrower. While a direct, regulated crypto CDS equivalent for a specific token issuer is rare, decentralized insurance protocols offer similar protection.

Users can buy coverage against smart contract exploits or stablecoin de-pegs, which serves a comparable risk-transfer function.

What Is the Financial Derivative Known as a ‘Credit Default Swap’ (CDS)?
How Does a Credit Default Swap (CDS) Function as a Derivative?
What Is a Credit Default Swap (CDS) and How Does It Relate to Counterparty Risk?
What Insurance Options Are Available for DAOs to Mitigate Losses from Smart Contract Exploits?