🛡️ Keeping you safe onchain 🛡️ Backed by @Alliance, @CoinBase Ventures @Base Ecosystem Fund, @Jump_, @NFX, @OrangeDAOxyz, @InnovateUK and @LloydsofLondon Lab
Derisk your portfolio →
Joined March 2021
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- Followers5.2K
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Cover for yoUSD is now available at a reduced 1.52% annual premium 💫
Cover on yoUSD now costs 62% less than it did earlier this year.
The premium on @OpenCover's Covered yoUSD vault is 1.52% a year, down from 3.96%.
Depositors earn 5.96% after the premium, paid directly from yield (no upfront cost), with @NexusMutual underwriting. YOpencover.
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📍 Meet at ARRO, 45 Curzon Street, Mayfair
⏰ Wednesday, November 11, 07:30
There’s still room. RSVP here ↓
luma.com/gh66ltup
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Tomorrow morning, before @Blockworks DAS opens, we’re running Hyde Park 👟
Builders, allocators and operators, 5K around the Serpentine, then coffee and a short walk to the venue.
Come run with us ↓
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Steakhouse High Yield Instant Covered Yield Breakdown:
@Morpho APY (variable) → 6.54%
Cover fee (fixed) → 1.41%
Net Covered APY → 5.13%
opencover.com/vaults/ethereu…
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🛡️ COVERED VAULTS SPOTLIGHT
The Covered @SteakhouseFi High Yield Instant vault on @Morpho is currently yielding 5.13% APY on @Ethereum, covered by @NexusMutual.
Earn onchain. Stay covered.
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Steakhouse High Yield Instant Covered Yield Breakdown:
@Morpho APY (variable) → 6.34%
Cover fee (fixed) → 1.24%
Net Covered APY → 5.10%
opencover.com/vaults/base
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🛡️ COVERED VAULTS SPOTLIGHT
Covered @SteakhouseFi High Yield Instant is now live on @base: 5.10% APY on USDC via @Morpho, covered by @NexusMutual.
Deposits and withdrawals stay flexible, and cover is paid only on what you hold in the vault.
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📍 Meet at ARRO, 45 Curzon Street, Mayfair
⏰ November 11, 07:30
Register for Cover the Distance 5K → luma.com/gh66ltup
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Heading to @Blockworks DAS London?
Get your first networking session in before the doors open 👟
Cover the Distance 5K: a run around Hyde Park, coffee on us, and a five-minute walk to the venue at Hilton Park Lane.
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October was a record month for @NexusMutual, with $65.3M in cover purchased, up from $60.1M in September. A quarter of October’s purchases came through our Covered Vaults.
Strong partnerships make a stronger onchain protection ecosystem. Glad to be building alongside Nexus Mutual.
What's Covered: a monthly look at the Nexus Mutual book plus trends and yields in DeFi
October was a record month for crypto losses and a busy one for Nexus Mutual
$6.5B was lost across 50 incidents, with a record $6.36B taken from Binance's hot wallets. Centralized exchanges have become a favorite target, which makes Custody Cover more important than ever.
Members bought $65.3M of cover, up from $60.1M in September. A quarter of the month's purchases came through @OpenCover Covered Vaults, and @OriginProtocol's WETH and sUSDe ARMs joined as Vault Cover listings.
Yields firmed, and so did the leverage behind them
USDC on @aave's Ethereum market went from 3.3% to 4.2%, @base jumped to 6.7%, and borrowing against bitcoin on @Morpho's Base market passed a record $1.6B. Thin carry on growing leverage is exactly what Leveraged Liquidation Cover is written for.
Full October issue of What's Covered below
Custody Cover has two triggers: qualifying crime-related losses passed on to users (at least 10% of current holdings) or complete withdrawal restrictions lasting at least 100 consecutive days without prior notice.
You can find the full coverage terms and details here: opencover.com/custody-cover-…
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The critical vulnerability was in the custodian's security controls, not the blockchain itself. This is precisely why custody risk deserves attention: even sophisticated infrastructure can fail, and users need protection when custodians cannot make them whole.
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There is no such thing as too big to fail.
However, there is @NexusMutual Custody Cover when the worst hits.
Debrief on yesterday's @binance incident ⤵️
How did the largest heist in history go down?
Read our incident report for a detailed breakdown:
- How the attack unfolded
- How the damage spread
- How Binance and others responded
- What should have been different
- and whether it's covered...
Incident Report: nexusmutual.io/blog/binance-…
Great to see options moving into the apps traders already use! More yield sources onchain means more smart contract risk to manage. Embedding cover where users trade is key to scaling protection.
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📍 Meet at ARRO, 45 Curzon Street, Mayfair
⏰ November 11, 07:30
Register for Cover the Distance 5K → luma.com/gh66ltup
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Starting DAS on the right foot 👟
On November 11, join builders, allocators, and operators for a 5K around Hyde Park before @Blockworks DAS, with coffee after.
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