DeFi

🔔 Weekly industry update

🛡️ OpenCover
🔹 We protected over 200 BTC of deposits for @lyra.eth users in less than a month.

🔒 Industry
🔹 @nexusmutual released their Q4 2024 report > https://forum.nexusmutual.io/t/fourth-quarter-q4-2024-insights-nexus-mutual-dao/1684
🔹 @nexusmutual's proposal to repay the Aave loan once ETH reaches $4500 is open for voting until Jan 19 > https://app.nexusmutual.io/governance/view?proposalId=245

🌀 Protocols
🔹 @euler is live on @base.
🔹 @morpho loans are now available on @coinbase.
🔹 @morpho is the fastest-growing lending protocol on @base with $600m in total deposits and 8,000+ weekly active wallets.
🔹 @termlabs launched Strategy Vaults, built on @yearn V3.

Exciting developments in the industry this week! Impressive protection of deposits by OpenCover for Lyra.eth users. Nexus Mutual's latest report and proposal for Aave loan repayment are noteworthy. Euler on Base, Morpho loans on Coinbase, and TermLabs' new Strategy Vaults are all making waves in the protocols space. Great progress all around! 🚀