OpenCover

@opencover

830 Following

1079 Followers

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🔔 Weekly industry update 🛡️ OpenCover 🔹 We introduced the most significant upgrade to the @base Pass. 🚨 Hacks 🔹 Abracadabra Money was hacked for $13m. 🔒 Industry 🔹 @nexusmutual's proposal to stake Kiln ETH in Enzyme Vault on @etherfi-app is open for voting. 🌀 Protocols 🔹 Alchemix issued its Q4 2024 financial report summary > https://alchemixfi.medium.com/alchemix-q4-2024-report-summary-ae647de80a6d 🔹 Dolomite is expanding to Botanix.

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📣 BREAKING: we just gave the @base Pass its biggest upgrade yet 🔵 🛡️ Coverage now extends to 16 protocols representing 80%+ of Base by TVL 🪙 Price dropped to just 0.3% for a full month of protection 1️⃣ Now part of Coinbase One onchain perks (save an extra 10%) 🧵 Alpha 👇

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🔔 Weekly industry update 🛡️ OpenCover 🔹 We upgraded the Base DeFi Pass. 🌀 Protocols 🔹 @superform v2 is now live. 🔹 @extrafi XLend's total market size on OP Mainnet crossed $1m. 🔹 @extrafi XLend is now live on @base. 🔹 @silofinance completed another security review run by Cantina. 🔹 @moonwelldefi Flagship USDC vault is now live on @optimism Mainnet.

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📊 OpenCover weekly recap 🛡️ Total amount protected: $2,500,000+ 🦾 Most popular covers: @arcadiafi.eth, @hyperliquidevm and the @base Pass

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We sat down and had a great chat with the team at SafetyDetectives about onchain security & the future of DeFi protection. Even audited smart contracts get hacked, having cover is the real DeFi cheat code 👇 https://www.safetydetectives.com/blog/george-harris-opencover/

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🚀 The Base Pass just got a makeover. 🛡️ More protocols, more protection, and even more covered yield. Coming soon to supercharge your onchain safety! Stay tuned for the alpha...

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What happens if a stablecoin's price drops significantly below its intended value for a sustained period? 🛡️ Protect your lvlUSD with OpenCover to mitigate depeg risks. Get started 👇 http://opencover.com/leveldepeg

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🔔 Weekly industry update 🛡️ OpenCover 🔹 OpenCover is now part of @coinbase One’s onchain benefits program. 🔹 We released the March 2025 of OpenCover Alpha. 🔒 Industry 🔹 @nexusmutual's monthly newsletter is out > https://nexusmutual.substack.com/p/the-hedge-february-2025 🌀 Protocols 🔹 @originprotocol Sonic hit $30m in TVL. 🔹 @aerodrome joined the Coinbase 50 Index. 🔹 @velodrome is now live on @unichain. 🔹 @morpho released February updates > https://morpho.mirror.xyz/kuJ_4lpGqUgsIcxZzEzh9JO-rgM_ydvfygE0-kbVyLw

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🛡️ OpenCover Alpha – March 2025 🛡️ Explore what we’ve been up to this month – our partnership with Coinbase One, our presence at ETHDenver, over $150M transactions covered with Request Finance, and more 🗞️ tinyurl.com/8faufufb

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🛡️ Stay safe onchain with OpenCover & @coinbase 🛡️ Coinbase One members now get 10% off the @base DeFi Pass and all OpenCover products, plus your first cover is free up to $1,000! Getting started has never been easier. Secure your portfolio today 👇

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🏔️ Missed our talk at ETH Denver? We’ve got you covered. Last week, we broke down Onchain Insurance 101, covering why it matters, how it works, and real-world payout examples. Here’s what you need to know 👇

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🚀 Reflecting on @ethereumdenver... One key takeaway? Institutions want DeFi exposure, but risk remains a barrier. That’s why OpenCover & L1 are launching a pilot to bring institutional-grade protection to onchain portfolios. 🛡 Why this matters: For DeFi to scale, institutions need the same risk protections they expect in traditional finance. With OpenCover on L1, funds & asset managers can now safeguard their portfolios from: 👉 Smart contract bugs 👉 Oracle manipulation 👉 Liquidation failures 👉 Governance attacks Unlocking risk-adjusted onchain yields! 🔗 Bringing TradFi-grade security to onchain portfolios is just the beginning! Read the full press release here 👇 https://apnews.com/press-release/ein-presswire-newsmatics/alex-sismanis-data-management-and-storage-cryptocurrency-3b653aaf8bad3f14a52658cdfc8e0ca9

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🏔 OpenCover is at @ethereumdenver this week 🏔 To celebrate, we’re giving away ETH, limited edition Ledgers, and Yetis! 👇 Spin the wheel and test your luck 👇 ⭐ Step 1: Purchase cover on http://opencover.com/spintowin (any amount!) ⭐ Step 2: Spin the wheel after checkout 🎡 ⭐ Step 3: Discover your prize 🎁 📣 P.S. Don’t miss our talk “Onchain Insurance 101 and the Crucial Role It Plays in Bringing the (Institutional) World Onchain.” We’ll break down DeFi insurance for regens(!), builders, institutional players, and everyone in between. 👉 http://ethdenver.com/sessions/recsFeXqq2XrQcXFj

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🔔 Weekly industry update 🛡️ OpenCover 🔹 You can now purchase cover with fiat on @base 🚀 🔹 We’ve surpassed $150m in transactions covered with Request. 🔹 OpenCover is at @ethereumdenver this week. 🌀 Protocols 🔹 The Aave v3.3 upgrade is live. 🔹 @extrafi XLend is now live on @optimism. 🔹 PancakeSwap is now live on Monad Testnet. 🔹 @pendle-fi is now live on Sonic.

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🛡️ We're joining forces with @coinbase to help you stay safe onchain 🛡️ Starting today, Coinbase One members benefit from 10% off the @base DeFi Pass and the entire catalog of OpenCover products. It has never been easier to earn yield on top DeFi protocols with peace of mind. Here's how it works 👇 1️⃣ Sign in/up to Coinbase One (free trial below) 2️⃣ Verify your wallet(s) on http://coinbase.com/onchain-verify 3️⃣ Your discount is automatically applied on all purchases It's that simple — and best of all — your first cover is free up to $1,000 💸 Ready to get started? Take your portfolio safety to the next level with a Coinbase One 30-day free trial: https://t.co/jnBzPrmoId

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🏔 OpenCover is at @ethereumdenver this week 🏔 To celebrate, we’re giving away ETH, limited edition Ledgers, and Yetis! 👇 Spin the wheel and test your luck 👇 ⭐ Step 1: Purchase cover on http://opencover.com/spintowin (any amount!) ⭐ Step 2: Spin the wheel after checkout 🎡 ⭐ Step 3: Discover your prize 🎁 📣 P.S. Don’t miss our talk “Onchain Insurance 101 and the Crucial Role It Plays in Bringing the (Institutional) World Onchain.” We’ll break down DeFi insurance for regens(!), builders, institutional players, and everyone in between. 👉 http://ethdenver.com/sessions/recsFeXqq2XrQcXFj

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📣 Milestone unlocked and BIG announcement 🔵 📈 We’ve officially surpassed $150M in transactions covered with Request 🔵 OpenCover now protects Request transactions on @base too — making onchain payments safer than ever. 🔗 DeFi and blockchain adoption keeps growing, but risks like hacks, smart contract exploits, and oracle failures still persist. Our mission? To make onchain transactions safe for everyone. 🛡 With Request, transaction cover is automatic. From onchain invoicing to payroll and bill payments, you’re fully protected against onchain risks up to $100,000! 📊 Ready to demystify onchain insurance? 👉 https://t.co/g9UVmaw9hy

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📣 @itsjeremiahs is speaking at @ethereumdenver this week! 🛡️ Swing by his talk on how onchain insurance is paving the way for a safer onchain world.

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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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