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.

Euler is a modular lending platform on Ethereum that enables users to lend, borrow and build without limits.

The insurance alternative for crypto and more

Earn, Borrow, Build on Morpho 
/morpho and app.morpho.org

Derive is the infrastructure layer for crypto derivatives. 

Backed by Framework and GSR. 

Powered by Optimism and Celestia.

derive.xyz /lyra

Pioneering fixed rate auctions in crypto. 

Scalable. No spread. No slippage. Low fees

New to Term? Start here: app.galxe.com/quest/term