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Each Circle includes insurance pools to protect participants.

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Insurance Pool Tiers

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CAIP (Circle Admin Insurance Pool)

First-line coverage funded by a percentage of Circle volume plus slashed stakes.
CAIP is the first tier of protection and is drawn from before other pools.

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CALR (Circle Admin Locked Rewards)

A portion of admin earnings locked as a rolling buffer.

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PIP (Protocol Insurance Pool)

Backstop for systemic failures or depleted lower-tier pools.

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Claims Priority

Claims draw from pools in strict priority order:
1

CAIP first

Circle Admin Insurance Pool is used first for claims.
2

CALR second

Circle Admin Locked Rewards if CAIP is depleted.
3

PIP last

Protocol Insurance Pool as final backstop.
Insurance pools are designed to protect against losses, but they are finite. Operating responsibly helps preserve pool capacity for genuine claims.
Circle-native insurance pools with programmable slash/reward logic and claim workflows are planned for a future release.

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