OpenCover

@opencover

1051 Following

3321 Followers

OpenCover pfp

🔔 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.

0 reply

1 recast

0 reaction

OpenCover pfp

🛡️ 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

0 reply

0 recast

1 reaction

OpenCover pfp

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

0 reply

0 recast

1 reaction

OpenCover pfp

🔔 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.

0 reply

0 recast

0 reaction

OpenCover pfp

💫 Elite Cover: tailored protection for DeFi pros 💫 Safeguard your yield farming and derivative trading with coverage across 70+ platforms. Navigate advanced DeFi strategies with unmatched flexibility and peace of mind. Explore now 👇 https://opencover.com/elite/

0 reply

0 recast

1 reaction

OpenCover pfp

🛡️ Protect Your DeFi Assets with Essential Cover 🛡️ Powered by @nexusmutual, it shields you from hacks, bugs, and failures on 40+ leading holding, trading, and borrowing platforms. The ultimate plan for stress-free lending and borrowing. Start now 👇 https://opencover.com/essential/

0 reply

0 recast

3 reactions

OpenCover pfp

Looking to protect your assets onchain but unsure where to start? Powered by @nexusmutual, Entry Cover offers multi-protocol coverage against hacks & failures across 15+ top platforms 🎁 Perfect for investors who prefer a hands-off approach to onchain safety. Secure your assets effortlessly with Entry Cover, protecting you across 15+ top onchain platforms like @uniswap, @1inchnetwork, @curve, @cowswap, EigenLayer, and more ✨ Enjoy flexible, multi-protocol protection in a single cover. Get started 👇 https://opencover.com/entry/

0 reply

1 recast

2 reactions

OpenCover pfp

✨ Derive is live — and breaking records ✨ In less than a month, OpenCover has protected more than 200 BTC of deposits for Derive users — the largest BTC cover in DeFi history. Here’s how we’re making Derive safer for traders and LPs 👇 🔗 About Derive @lyra.eth is a decentralized protocol that enables traders to create programmable options, perpetuals, and structured financial products directly onchain. With over $120M in TVL, Derive is setting a new standard for decentralized financial systems. 🛡 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 🔗 Ready to secure your yield? Explore cover options for Derive and safeguard your LP positions today! Together, we’re building a safer, more innovative DeFi ecosystem 🚀 https://opencover.com/

0 reply

0 recast

4 reactions

OpenCover pfp

🔔 Weekly industry update 🛡️ OpenCover 🔹 OpenCover and @requestnetwork surpassed $100M in transactions covered. 🔹 We unlocked $5.6m of Bundled Cover capacity from @nexusmutual across @morpho Morpho + Morpho Vaults and their underlying protocols. 🚨 Hacks 🔹 Moby experienced a security breach resulting in a ~$2.5m loss. 🔹 0xOrange Finance lost ~$780k in an exploit. 🌀 Protocols 🔹 @morpho introduced Morpho Vaults 1.1, part of a bug bounty program on @immunefi and Cantina. 🔹 @spectrasocial surpassed $200m in TVL.

0 reply

1 recast

1 reaction

OpenCover pfp

🛡️ NEW BUNDLED COVER LISTED 🛡️ We just unlocked $5.6m of Bundled Cover capacity from @nexusmutual across @morpho + Morpho Vaults on @base and @ethereum 🦋 More good news: the underlying vaults are also protected, removing the need to purchase multiple covers. Protect your positions on Morpho + Morpho Vaults and their underlying protocols 🦋 Save over $50 in gas fees and streamline cover management 🚀 Enjoy broad protection in just one cover purchase 👇 http://opencover.com/morphovaults

0 reply

0 recast

3 reactions

OpenCover pfp

🔔 Weekly industry update 🛡️ OpenCover 🔹 We launched 3 Comprehensive Covers with @nexusmutual—Entry, Essential, and Elite. 🔹 OpenCover is now listed on the @coinbase cbBTC ecosystem page. 🌀 Protocols 🔹 @euler started the year with $200m in TVL and a proposal to go multichain. 🔹 @superform reached $69m in TVL. 🔹 @etherfi-app's TVL went from 45k ETH to 2.5m+ ETH in 2024 (+6,159.3%). 🔹 f(x) Protocol launched V2, allowing users to leverage ETH, BTC, and other blue chips without funding or interest rates. 🔹 Aave is now the largest DeFi protocol, with $35b in net deposits.

0 reply

1 recast

4 reactions

OpenCover pfp

Happy New Year everyone! Check out what we've been up to this month at OpenCover 🔍 🔹 Derive is live on OpenCover 🔹 Onchain payments, secured: $100m covered and counting 🔹 Power your Base DeFi Pass with Coinbase Wallet USDC Rewards 🔹 Breaking news in the onchain security space 👇 https://opencover.substack.com/p/opencover-alpha-january-2025?r=2chtfi&triedRedirect=true

1 reply

0 recast

5 reactions

OpenCover pfp

🤝 OpenCover is now listed on the @coinbase cbBTC ecosystem page 🏆 cbBTC effectively enables DeFi with Bitcoin through a growing ecosystem of protocols. Use the $USDC in your @coinbasewallet to offset your Base DeFi Pass ✨ Learn more 👇 http://opencover.com/basepass

1 reply

0 recast

5 reactions

OpenCover pfp

We are excited to launch 3 Comprehensive Covers in partnership with @nexusmutual, with a plan for every investor — Entry, Essential, or Elite 🚀 Secure your assets in just one click across a wide range of protocols. Flexible, seamless, and built for you. Entry Cover is ideal for investors who prefer a hands-off approach to onchain safety. This plan has you covered on over 15 leading platforms for holding and trading assets, including @uniswap, @1inchnetwork, @curve, @cowswap, EigenLayer, and more. opencover.com/entry/ Essential Cover extends protection to borrowing protocols and keeps you safe against hacks, smart contract bugs, and protocol failures on over 40 platforms. opencover.com/essential/ Designed for advanced users, Elite Cover offers unmatched protection for yield farming and trading on derivative protocols. With coverage across over 70 platforms, this plan ensures maximum flexibility and peace of mind when navigating advanced DeFi strategies. opencover.com/elite/

2 replies

0 recast

6 reactions

OpenCover pfp

🔔 Weekly industry update 🛡️ OpenCover 🔹 Our partnership with @requestnetwork has covered over $100m in transactions. 🌀 Protocols 🔹 @uniswap's monthly @base volume set a new ATH at $15.65b. 🔹 @cowswap increased the maximum deadline for limit orders from 6 months to 1 year. 🔹 @pancakeswapfnc's trading volume reached $310.6b in 2024. 🔹 @openzeppelin completed its @originprotocol's Yield Forwarding audit, ensuring robustness and efficiency. 🔹 GMX and TON Foundation launched a dev competition to build a Perp DEX on TON.

0 reply

1 recast

9 reactions

OpenCover pfp

🏆 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

0 reply

0 recast

4 reactions

OpenCover pfp

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/

0 reply

0 recast

9 reactions

OpenCover pfp

🔔 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.

0 reply

1 recast

6 reactions

OpenCover pfp

🛡️ 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

0 reply

0 recast

6 reactions

OpenCover pfp

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

0 reply

1 recast

9 reactions