CoW AMM Now Available on OpenCover with $1M Coverage
CoW AMM Now Available on OpenCover with $1M Coverage
๐ฎ CoW AMM Gets Protected

OpenCover has launched protection for CoW AMM positions with $1M in cover capacity from Nexus Mutual, available on both Ethereum and Arbitrum networks.
CoW AMM, the first MEV-capturing automated market maker, uses batch auctions to optimize LP returns and eliminate loss-versus-rebalancing issues.
Key features:
- $1M total coverage capacity
- Available on Ethereum and Arbitrum
- L2 deployment saves ~$50 in gas fees
- Streamlined cover management
Visit opencover.com/frens/244 to protect your CoW AMM positions.
๐ก๏ธ NEW COVER LISTED ๐ก๏ธ Savings crvUSD @CurveFinance is officially available on OpenCover! We just unlocked over $1.7m in Savings crvUSD cover capacity from @NexusMutual. Cover your assets on scrvUSD and save over $50 in gas fees ๐ ๐ opencover.com/frens/241
๐ Big news, frens! OpenCover is live on @ProductHunt today! Your onchain safety net for DeFi is here โ and weโve got a special surprise for our early supporters. ๐ Check it out ๐
๐ Weekly industry update ๐ก๏ธ OpenCover: ๐น OpenCover is live on @ProductHunt. ๐ Industry: ๐น @NexusMutual has prepared a new dashboard for sales reports: dune.com/nexus_mutual/cโฆ. ๐น @NexusMutual's Protocol Pricing Parameter adjustments proposal is open for voting until Dec 6:
๐ก๏ธ NEW COVER LISTED ๐ก๏ธ Savings crvUSD @CurveFinance is officially available on OpenCover! We just unlocked over $1.7m in Savings crvUSD cover capacity from @NexusMutual. Cover your assets on scrvUSD and save over $50 in gas fees ๐ ๐ opencover.com/frens/241
๐ Weekly industry update ๐ก๏ธ OpenCover: ๐น Savings crvUSD @CurveFinance is officially available on OpenCover. ๐ Industry: ๐น @NexusMutual issued 3 new plans for its latest product, Cover: Entry Cover, Essential Cover, and Elite Cover > nexusmutual.io/blog/the-easieโฆ ๐ Protocols: ๐น
๐ Weekly industry update ๐ก๏ธ OpenCover: ๐น OpenCover is now available for cbBTC positions on Base and L1. ๐จ Hacks: ๐น @polterfinance lost ~$12m in an #exploit. ๐น @XTexchange was hacked for ~$1.7m. ๐ Industry: ๐น @NexusMutual is collecting testimonials highlighting community
OpenCover Partners with vfat.io for Automated DeFi Protection on Arbitrum

OpenCover and vfat.io have launched a partnership to provide automated protection for DeFi positions on Arbitrum while users earn yield. The integration covers positions across multiple protocols: - AerodromeFi - VelodromeFi - Uniswap - PancakeSwap Protection is backed by Nexus Mutual, which has covered over $5B in onchain risk. Users can secure coverage directly through [vf.at](http://vf.at) with a simple toggle during deposit. *Special offer: Coinbase One members receive 10% discount with verified wallets.*
Onchain Safety Guide
**Staying safe in web3 requires proactive security measures:** - Use hardware wallets for significant holdings - Enable 2FA on all exchange accounts - Never share private keys or seed phrases - Verify smart contract addresses before interactions - Keep majority of assets in cold storage - Regular security audits of connected apps *Key Protection Tips:* - Create separate hot wallets for daily transactions - Use blockchain explorers to verify transactions - Implement time-locks on large transfers - Monitor wallet permissions regularly Remember: Security isn't a one-time setup but an ongoing practice.
ALEX Lab Exploited for $8.3M in Latest DeFi Hack

Key updates from the DeFi ecosystem this week: - @ALEXLabBTC suffered an $8.3M exploit - @revertfinance launched on OpenCover platform - @LiquityProtocol expanded to multiple platforms including @superformxyz, @eulerfinance, and @spectra_finance - @VelodromeFi achieved a milestone with $1B+ volume across Superchain - @MorphoLabs released V2 of their protocol - @SiloFinance expanded to Arbitrum network - @PancakeSwap launched new Crosschain Swaps feature Visit [OpenCover](https://opencover.com) to protect your DeFi assets.
OpenCover Partners with L1 Advisors for Institutional DeFi Protection

OpenCover and L1 Advisors announce a strategic partnership to provide institutional-grade protection for DeFi investments. The collaboration enables investment managers to secure tokenized portfolios against smart contract hacks and oracle failures while maintaining yield generation. Key features: - Coverage backed by NexusMutual ($5B+ covered) - Protection for hedge-fund strategies and index portfolios - Supports CoinDesk CPUS index sleeves - Maintains yield flow during coverage period The partnership aims to scale institutional DeFi adoption by addressing key risk barriers. Learn more at [OpenCover Institutional](https://opencover.com/institutional)
OpenCover Alpha June 2025 Update

OpenCover has announced significant developments in their June 2025 update: - Launch of 8 new protocols for coverage - Expansion of vfat Multi Protocol capabilities - Preparations underway for EthCC participation This follows May's achievements including their vfat partnership and InnerCircle launch, which helped secure over $200M in coverage through Request. [Read the full update](https://opencover.substack.com/p/opencover-alpha-june-2025)