OpenCover

@opencover

1011 Following

1824 Followers

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📊 OpenCover weekly recap 🛡️ Total amount protected: $3,000,000+ 🦾 Most popular covers: @arcadiafi.eth, @beefy and the @base Pass It's been another wild week, with security and best practices back in focus. Don't wait to protect your assets against protocol hacks and depegs 👇 https://opencover.com/ 🛡️ Boost your earning potential across leading protocols while staying protected. Join the new era of risk-adjusted DeFi yields https://opencover.com/how-to-choose-defi-cover/

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🔔 Weekly industry update 🛡️ OpenCover 🔹 @balancer v3 is officially available on OpenCover. 🔹 We launched stablecoin and WBTC depeg protection. 🚨 Hacks 🔹 @bybitexchange lost $1.4 billion in the largest hack in crypto history. 🔒 Industry 🔹 @nexusmutual's proposal to add Karpatkey as DAO Treasury Multisig Signer was accepted. 🔹 @nexusmutual introduced Depeg Cover. 🌀 Protocols 🔹 @euler is the fastest-growing lending protocol with $400M in total deposits. 🔹 Notifications are now supported on @extrafi. 🔹 @cowswap is the fastest growing DEX on @base with $646m processed in the 2 months since launch.

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🛡️ 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/

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🛡️ NEW COVER LISTED 🛡️ @balancer v3 is officially available on OpenCover 🚀 Keep your assets safe on Balancer v3 with @nexusmutual and streamline cover management. Learn more and find onchain peace of mind 👉 http://opencover.com/balancerv3

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🥇 OpenCover placed 1st on the Norton Rose Fulbright Insurathon this year!! Looking forward to writing an important chapter of blockchain safety history together 🛡️

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🚀 We're heading to ETHDenver, where 25,000+ builders, entrepreneurs, and innovators come together to shape the future of Ethereum! 🌎 Attending @ethdenver? Let’s connect and talk about the future of onchain protection 👇 https://calendly.com/george-tup7/opencover-eth-denver?month=2025-02 ✍️ Mark your calendars for Feb 28th! 🎤 Our CEO, @itsjeremiahs, will speak at the Main Event to explore how onchain cover is bridging institutions to DeFi. Let's make some waves at ETHDenver! 🌊 See you there! 👋

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Secure your @beefy positions with OpenCover, now available directly in the Beefy dApp! This cover includes protection against failures of the underlying protocols across all chains. Get covered 👇 https://app.beefy.finance/

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🎉 Celebration time 🎉 Over the last month, we’ve seen our largest cover purchases through our embedded cover integrations, proving that onchain protection is here to stay! 🛡️ More secured funds. More confidence. More adoption. 🔹 Embedded Cover 101 👷 Embedded cover lets users purchase protection at the time of deposit, LPing, or borrowing, securing their onchain positions against hacks, smart contract vulnerabilities, and more. 🧘 By unlocking covered yield, users can enjoy a stress-free DeFi experience, knowing their funds are safeguarded. 🔗 Interested in embedding cover into your protocol, let's chat! 👉 https://opencover.com/

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📣 Fresh off the press 🛡️OpenCover has protected more than 200 BTC of deposits on @lyra.eth — the largest BTC cover in DeFi history! 🛡 Why cover matters: Powered by leading onchain underwriters @nexusmutual, Derive users can unlock complete peace of mind, knowing their positions are protected from: 👉 Smart contract bugs 👉 Liquidation failures 👉 Governance attacks 👉 Oracle failures 🔗 To find out more check out the full article below 👇 https://apnews.com/press-release/ein-presswire-newsmatics/cryptocurrency-bitcoin-7273ffc337b25f364b17f105843eb0a2

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🔔 Weekly industry update 🛡️ OpenCover 🔹 We released the February issue of OpenCover Alpha. 🌀 Protocols 🔹 @uniswap V4 is now live. 🔹 The @morpho App got a refresh. 🔹 @extrafi, @contango & @synthetix's new round of OP Incentives Program is live.

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🔒 How to Ensure 100% Safety for Onchain Company Finances? Last week, we joined industry leaders at the Web3Finance Club to discuss real, actionable solutions. Here's the inside scoop 👇 🛡️ Cover your assets – Even audited DeFi protocols aren’t 100% safe. Onchain cover protects treasury funds from exploits and reduces financial exposure. 🔑 Make security someone’s job. Every company needs a dedicated security lead. Without ownership, there is no real protection. 🔐 Strengthen access controls – Multi-sigs, hardware wallets, and strict approvals safeguard funds. Every extra layer reduces risk. 👷 If you're looking for ways to stay safe onchain and protect your treasury, we’re here to help > https://opencover.com/

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Check out what we've been up to this month at OpenCover 🔍 https://tinyurl.com/yc3dyvdf

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🌟 OpenCover just got a fresh new look! 🌟 Our new UI makes choosing between Single or Multi-Protocol coverage easier than ever 🚀 Head to Trending Today to find peace of mind across 100+ leading protocols and protocol combinations. Get started 👇 https://opencover.com

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🔔 Weekly industry update 🛡️ OpenCover 🔹 OpenCover has a brand new UI. 🔹 @pendle-fi Multi Cover is officially available on OpenCover. 🔒 Industry 🔹 @nexusmutual released a new issue of their monthly newsletter, the Hedge > https://nexusmutual.substack.com/p/the-hedge-january-2025 🌀 Protocols 🔹 @1inchnetwork won the "Most Exciting DeFi Solution" award at the INATBA Awards 2025. 🔹 @extrafi and Contango are offering OP incentives. 🔹 The @morpho Rewards App is live. 🔹 @morpho contracts are now deployed on @0xpolygon POS, World Chain, @inkonchain, @arbitrum, @scrollzkp, @fraxtal, and @optimism Mainnet. 🔹 @euler is now live on @swellnetworkio.

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📣 Web3 CFOs & founders - want to avoid hacks, mismanagement & security failures? We’re talking real strategies to stay safe onchain with experts from: Ava Labs, SingularityDAO & Request Finance. 📅 Jan 30, 2 PM CET 🎁 Perks included 🔗 Sign up: https://www.crowdcast.io/c/how-to-ensure-100-safety-for-on-chain-company-finances-despite-the-risks

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🛡️ NEW COVER LISTED 🛡️ @pendle-fi Multi Cover is officially available on OpenCover 🕰️ Keep your assets safe on Pendle and its underlying protocols with @nexusmutual. Enjoy broad protection in just one cover purchase. Get started 👇 http://opencover.com/pendle

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We're launching a new Multi Cover this week. Care to venture a guess?

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🔔 Weekly industry update 🛡️ OpenCover 🔹 @beefy Multi Cover is live on OpenCover. 🚨 Hacks 🔹 $29 million worth of funds were drained from one of Phemex's hot wallets. 🌀 Protocols 🔹 @liquityprotocol V2 is now live with yield festival incentives. 🔹 @aerodrome reached a new ATH with $1.68b in volume. 🔹 @hyperliquidd reached over $22b in volume in 24h. 🔹 f(x) Protocol expanded to @base.

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🛡️ NEW COVER LISTED 🛡️ @beefy Multi Cover is now live on OpenCover 🐮 We just unlocked $1.9m of Beefy Multi Cover capacity from @nexusmutual. The best part? Sub-protocols are covered too, so you’re fully protected with just one cover purchase. With over $285m in TVL, Beefy is THE multichain yield optimizer. By autocompounding tokens, Beefy allows users to unlock higher returns on crypto holdings. Keep your assets safe on Beefy and its underlying protocols with Nexus Mutual. Save over $50 in gas fees on L2 and streamline cover management 🚀 Enjoy complete peace of mind in just one cover purchase 👇 https://opencover.com/app/?invite=BEEF100K&cover=211

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We're launching a sturdy multichain yield optimizer Multi Cover this week. What's your guess?

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