Insurance

Each Circle includes insurance pools to protect participants.

CAIP (Circle Admin Insurance Pool). First-line coverage funded by a percentage of Circle volume plus slashed stakes.

CALR (Circle Admin Locked Rewards). A portion of admin earnings locked as a rolling buffer.

PIP (Protocol Insurance Pool). Backstop for systemic failures or depleted lower-tier pools.

Claims draw from pools in strict priority order. CAIP first, then CALR, then PIP.

Circle-native insurance pools with programmable slash/reward logic and claim workflows are planned for a future release.

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