Beefy Finance Multi Protocol Cover Now Includes beS Token
Beefy Finance Multi Protocol Cover Now Includes beS Token
🛡️ Beefy's New Safety Net
Beefy Finance has expanded its Multi Protocol Cover to include beS (Beefy Sonic), a yield-bearing token that automatically generates staking rewards.
Key updates:
- beS token now protected under Multi Protocol Cover
- Beefy's TVL on Sonic chain exceeds $1 billion since December 2024 launch
- Coverage available directly through Beefy dApp
The Multi Protocol Cover, launched in January 2025 with $1.9m capacity from Nexus Mutual, provides comprehensive protection for Beefy's multichain yield optimization platform and its sub-protocols through a single cover purchase.
OpenCover Partners with vfat.io for Protected DeFi Yields on Base
OpenCover and vfat.io launch a new integration enabling protected DeFi yields on Base network. Users can now secure their positions across Aerodrome, Uniswap, and PancakeSwap pools against: - Protocol hacks - Oracle manipulation - Liquidation failures - Governance attacks Coverage is backed by Nexus Mutual, which has underwritten over $5B in onchain risk. The protection process is streamlined: 1. Visit vf.at and select pool/deposit amount 2. Enable Buy Cover and choose duration 3. Complete deposit *Coinbase One members receive 10% discount with verified wallets*
OpenCover Updates dApp with Enhanced Pricing Display
OpenCover has rolled out a significant update to their dApp's interface, focusing on improved pricing transparency and yield comparison features. - New pricing display system shows real-time cover costs alongside onchain yields - Enhanced interface helps users identify optimal coverage opportunities more efficiently - Builds on previous March update that simplified cover type selection The platform continues to streamline the process of securing onchain portfolio protection. Users can now make more informed decisions by directly comparing coverage costs with potential yields. [Try the new features](https://opencover.com/app/?invite=LNDHR&filter=Protocol+Cover)
Symbiotic Finance Raises $29M Series A Led by Pantera Capital
Key updates from the web3 ecosystem this week: - Symbiotic Finance secured $29M in Series A funding, with Pantera Capital leading the round - Beefy Finance's Multi Protocol Cover expanded to include beS (Beefy Sonic) - Superform launched their Rewards Program - Silo Finance unveiled a redesigned V2 user interface *Context*: Beefy's expansion on Sonic has grown to over $1B TVL since December 2024. The beS token is yield-bearing and automatically staked for rewards.
OpenCover Launches One-Click Cover Selection and Custody Protection
OpenCover has released a streamlined cover selector interface, simplifying their digital asset protection process. Users can now choose between three coverage types with a single click: - Protocol Cover for smart contract protection - Depeg Cover for stablecoin risks - Custody Cover for centralized exchange risks The new Custody Cover protects against exchange-related incidents including: - Bankruptcy events - Security breaches - Withdrawal freezes Supported exchanges include Coinbase, Kraken, Binance, OKX, Deribit, BitMEX, and Bybit. [Try the new interface](https://opencover.com/app/?invite=LNDHR)