The following document describes Armadillo - CVI's Impermanent Loss protection product, available at https://armadillo.is
Armadillo is an Impermanent Loss Protection product from the CVI team at COTI that allows Liquidity Providers in the DeFi ecosystem to protect themselves against Impermanent Loss while supplying Liquidity in Automated market makers (AMMs).
Armadillo is a decentralized, multi-chain, non-custodianandon-chain product unique in its nature. It currently runs on Polygon, a Layer 2 scaling solution for the Ethereum blockchain.
It currently offers buying Impermanent Loss protections for periods of 14, 30 and 60 days.
At the end of the protection period, a payout will be made to your originating wallet address automatically via Chainlink Keepers for the incurred Impermanent Loss of the protected pair.