When you go to yinsure.finance it looks like you can insure against a smart contract. It doesn’t say what the insurance cover anywhere, so it’s hard to tell. What I read from this thread is that the LPs basically vote for what claims will be approved, still it would be good to have some kind of ground rules for what is covered in the insurance.
Assume that I’m locking up a certain amount of eth in the yEth vault. According to this tweet
The yEth vault is using three constructs, curve maker and yearn. So if I choose to only insure against the yearn contract and something goes wrong with the yETH vault for curve or maker I’m guessing that the insurance wouldn’t cover that? That isn’t immediately obvious though.
So that brings me to another point, to me it would make more sense to insure a vault than the contracts per se, it would be far less ambigious.