DeFi

🛡️ Stablecoin and WBTC depeg protection is now live on OpenCover 🛡️

Stablecoins and liquid staking tokens are booming, but one question remains… what happens if they lose their peg?

🛡️ With Depeg Cover powered by @nexusmutual, if a token’s price drops significantly below its intended value for a sustained period you are protected.

This unlocks covered stablecoin and wrapped asset yield for risk-conscious DeFi users.

🛡️ Depeg Cover is now available for:

• @etherfi-app (eBTC)
• WBTC (Wrapped BTC)
• @originprotocol (OETH)
• Treehouse (tETH)
• Resolv (USR)
• Tether (USDT0)
• Level (lvlUSD)
• Sky (USDS)

Protect your stablecoins, liquid staking, and restaking assets today 👇
https://opencover.com/

Almost 3 years after the Terra/UST collapse, depeg protection is finally back — nature is healing 🌲