OpenCover

@opencover

898 Following

3180 Followers

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🏆 Milestone achieved 🏆 OpenCover and @requestnetwork have officially surpassed $100M in transactions covered — making blockchain payments safer than ever before. 🔗 DeFi and blockchain use are growing fast, but risks still hold adoption back. Our mission is to make onchain transactions 100% safe! 🛡 With Request, transaction cover comes as standard. Whether you're a business or individual using Request for crypto invoicing, payroll, or bill payments, your eligible transactions are protected against onchain risk up to $100,000. What’s the big news? 🔗 Seamless integration: Businesses get protection automatically when using Request Finance. 💰 $100M milestone: we’ve secured payments across chains including @ethereum, @arbitrum, and @0xpolygon for thousands of businesses and individuals. Who benefits? ✅ CFOs managing crypto treasuries ✅ DAOs processing payroll or vendor payments ✅ Businesses adopting Web3 payments Explore Request today: https://opencover.com/request

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Get all-in-one protection against hacks, smart contract bugs & protocol failures across 9 top protocols on @base with the Base DeFi Pass 🛡️ @aerodrome @arcadiafi.eth @beefy Compound @extrafi @moonwell @morpho Overnight @uniswap Protocols included in the Base DeFi Pass offer 10-16% APY yield opportunities, based on 7-day average yields. Earn 4.7% APY just by holding $USDC in your @coinbasewallet and use it to offset your Base DeFi Pass. Developed with @nexusmutual, the Base DeFi Pass is the first-ever onchain cover set to keep you safe across 9 leading protocols on Base. Earn with onchain peace of mind 💫 Learn more and secure your Base DeFi Pass today 👇 https://opencover.com/basepass/

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🔔 Weekly industry update 🛡️ OpenCover 🔹 CoW AMM is officially available on OpenCover. 🌀 Protocols 🔹 GMX proposed an elaborate development plan for GMX v2.2 and v2.3 > https://gov.gmx.io/t/gmx-v2-2-v2-3/4223 🔹 Compound launched a $1m bug bounty program on Immunefi. 🔹 @pancakeswapfnc is offering a $50k grant to build a Yield Enhancement Hook for PancakeSwap v4. 🔹 @spectrasocial App V2 is now live > https://app.spectra.finance/ 🔹 @synthetix Exchange is relaunching with new collateral types on @base and a fresh look.

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🛡️ NEW COVER LISTED 🛡️ CoW AMM is officially available on OpenCover 🚀 Keep your assets safe on CoW AMM with @nexusmutual and streamline cover management. Learn more and find onchain peace of mind 👇 http://opencover.com/frens/244

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Moo! We're launching a new AMM on OpenCover this week. What's your guess?

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🔔 Weekly industry update 🛡️ OpenCover 🔹 Savings crvUSD is officially available on OpenCover. 🔒 Industry 🔹 @nexusmutuall introduced 3 new plans for its latest product, Cover: Entry Cover, Essential Cover, and Elite Cover > https://shorturl.at/JxO9w 🌀 Protocols 🔹 @superform launched Exploration, a competition that rewards Superform users and protocols > https://shorturl.at/fpceP 🔹 @superform raised $3m led by VanEck Ventures to launch SuperVaults > https://shorturl.at/ObLU0 🔹 Alchemix raised the caps for Yearn, AAVE, and Vesper vaults on Mainnet to $1m each. 🔹 Yield-bearing assets across all Optimism markets on @contango are now incentivized with 100,000 OP. 🔹 @1inchnetwork introduced wallet bundles to group and track up to 10 wallets simultaneously > https://shorturl.at/CWCNp

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Last month, we launched the Base DeFi Pass with @nexusmutual 🚀 It's the first-ever onchain cover set to keep you safe across 9 leading protocols on @base Here are the yield opportunities offered by each protocol included in the Base DeFi Pass 🌟 🔹 13-14% APY for stablecoin pairs & 11-73% for ETH pairs on @aerodrome ✈️ 🔹 17-18% APY on USD and EUR stablecoins with @beefy 🐮 🔹 18% APY with Overnight's USD+ ✨ 🔹 9-65% for @morpho Vaults lenders 🦋 🔹 Attractive APRs for the $cbBTC / ETH pairs on @uniswap v3 🦄 🔹 up to 41% APY for $USDC lenders on @arcadiafi.eth 🌳 🔹 10% APY for $USDC lenders on Compound v3's Base market 🟩 🔹 Above 13% APY for $USDC lenders on @moonwell 🌜🌛 🔹 7-16% APY for $USDC lenders on @extrafi, including incentives 💙 Earn 4.7% APY just by holding $USDC in your @coinbasewallet 🛡️ Secure your Base DeFi pass today 👇 https://opencover.com/basepass/

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🛡️ NEW COVER LISTED 🛡️ Savings crvUSD Curve Finance is officially available on OpenCover! We just unlocked over $1.7m in Savings crvUSD cover capacity from @nexusmutual. Cover your assets on scrvUSD and save over $50 in gas fees 🚀 👇 http://opencover.com/frens/241

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This week, we're launching a new savings module on OpenCover. What's your guess?

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🔔 Weekly industry update 🛡️ OpenCover 🔹 OpenCover is live on Product Hunt. 🔒 Industry 🔹 @nexusmutual has prepared a new dashboard for sales reports: https://dune.com/nexus_mutual/community. 🔹 @nexusmutual's Protocol Pricing Parameter adjustments proposal was open for voting until Dec 6: https://app.nexusmutual.io/governance/view?proposalId=243. 🌀 Protocols 🔹 Dolomite issued its November Roundup: https://x.com/Dolomite_io/status/1864678916218053044 🔹 @arcadiafi.eth shared some big news: https://x.com/ArcadiaFi/status/1864699847582077190 🔹 Index Coop published its Product Roadmap for Q4 2024 - Q1 2025: https://x.com/indexcoop/status/1861103994812178843 🔹 Spark is hitting all-time highs, with over $8B in assets supplied and $5B in TVL. 🔹 @spectrasocial entered the next chapter: https://mirror.xyz/spectraprotocol.eth/WlXvGmZL3iPwjRbCbIy1tJqQKfwUlI92F6pRx0_BCow

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📣 We’re on Product Hunt (again!) today 🎉 To celebrate, we’re offering 30-days of covers for FREE to the first 100 users. 💸 That’s up to $10,000 per person and $1,000,000 in total protection! https://www.producthunt.com/posts/opencover

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It's been a busy month at OpenCover! Learn what we've been up to 👀 https://opencover.substack.com/p/opencover-alpha-december-2024?r=2chtfi&triedRedirect=true

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🔔 Weekly industry update 🛡️ OpenCover 🔹 OpenCover is now available for cbBTC positions on @base and L1. 🚨 Hacks 🔹 Polter Finance lost ~$12m in an exploit. 🔹 XTexchange was hacked for ~$1.7m. 🔒 Industry 🔹 @nexusmutual is collecting testimonials highlighting community members' unique experiences: https://forms.gle/uTZLuQpRKbmtZtFXA

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📣 @base and @bitcoin lovers rejoice 🔵 🚀 We're excited to announce the leading crypto insurance alternative is now available for cbBTC positions on Base and L1. 🛡️ For the first time, BTC holders can enjoy the same coverage against protocol hacks and failures as ETH and stablecoin users. Supported protocols include @aerodrome @arcadiafi.eth @beefy @extrafi @morpho @uniswap and more! 🔗 opencover.com

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🔵 BASED PRO TIP 🔵 Hold USDC on @coinbasewallet and earn 4.7% APY. 💡 Here’s the kicker: that APY can offset your OpenCover Base Pass 👉 Secure your onchain activity across leading @base protocols at a discount (or free!) Here’s how: 👇 1️⃣ Hold USDC in Coinbase Wallet (https://coinbase.com/blog/Coinbase-Wallet-USDC-Rewards) 2️⃣ Get a Base Pass (https://opencover.com/basepass) 3️⃣ Earn 4.7% APY distributed monthly → for every $1 you hold in your Coinbase wallet you earn enough for $1 of free protection with the Base Pass (and some change! Minimums apply)

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🔔 Weekly industry update 🛡️ OpenCover 🔹 We're at @devcon 2024 in Bangkok 🇹🇭 🚨 Hacks 🔹 DeltaPrime has suffered a ~$4.8m exploit 🔒 Industry 🔹 @nexusmutual released a special issue dedicated to the Base DeFi Pass featuring our very own @itsjeremiahs 👉 https://tinyurl.com/yz3ba7n3

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The journey continues as we attend Devcon 2024 here in Bangkok 🇹🇭 👇 To celebrate, we're giving away 200k of free cover 👇 🛡️ To claim your free cover head over to http://opencover.com/devcon Free cover is valid for 30 days of cover, up to $10,000 per person! 🎟️ Once you've purchased your cover, please complete this form to receive your refund! 👇👇👇 http://opencover.com/frens

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🔔 Weekly industry update 🛡️ OpenCover 🔹 We're at the DeFi Security Summit in Bangkok 🇹🇭 🔹 Our partnership with Request has covered +$60,000,000 in transactions 🚀 🚨 Hacks 🔹 MetaWin has suffered a ~$4m hack 🔹 M2 Exchange was hacked for ~$14m

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Hello Bangkok! We're at the DeFi Security Summit, connecting with the best minds in the onchain world and sharing ideas on how to build a safer DeFi ecosystem. Organized by the Ethereum Foundation, @efdevconnect is where onchain builders, developers, and innovators come together to shape the future of DeFi. Want to meet up? Let’s talk about how we can work together. You can book a time with us here: 📅 https://calendly.com/opencover/devcon?month=2024-11 Looking forward to connecting!

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🗓️ Next Friday we'll be at AM Best's Europe Insurance Market & Methodology Briefings. Excited to connect with industry leaders and discuss the future of onchain insurance. See you there!

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