Curve LlamaLend Protocol Cover Now Available
Curve LlamaLend Protocol Cover Now Available
🦙 Llamas get safer
Nexus Mutual has launched Protocol Cover for Curve LlamaLend, offering protection against smart contract risks. Users depositing collateral into LlamaLend can now purchase cover through Nexus Mutual on Ethereum mainnet or OpenCover on L2s. The coverage protects against losses due to smart contract hacks, oracle failures, severe liquidation issues, and governance attacks. This addition continues Nexus Mutual's recent trend of expanding coverage options, following similar launches for protocols like Spectra Finance and Credit Guild.
Depositing $wBTC as collateral or borrowing $wBTC against other onchain assets like $weETH or $wstETH? We've got you covered ✌️ @0xfluid Protocol Cover protects deposits in the Fluid markets against smart contract and oracle risks 🛡️ Learn more 👇 (1/3)
🌊 wBTC markets are now live on Fluid! Here’s why you should care: • Industry-leading LTV up to 90% on wBTC, ETH vaults – the highest available • Utilize your weETH, wstETH to borrow wBTC against it • $100k wBTC rewards await for you across wBTC<>USDC & wBTC<>USDT vaults 👇
✨ New Protocol Cover Listing: @CreditGuild The Dragons have a new way to protect their hoard 🐲 Credit Guild lenders and borrowers can now purchase Protocol Cover to protect their assets against smart contract risk 🛡️ How to protect your onchain treasures 👇 (1/4)
✨ New Protocol Cover Listing: @spectra_finance Depositors earning high APYs on Spectra can now purchase Protocol Cover to protect their onchain assets against smart contract risk 🛡️ Learn more 👇 (1/3)
✨ New Protocol Cover Listings Borrow at a fixed rate in @InverseFinance FiRM or earn yield in the $sDOLA contract with protection against smart contract risks 🛡️ We've added these two Protocol Cover listings, so you can protect your deposits on @InverseFinance 👇 (1/5)
✨ New Protocol Cover Listing: Curve @llamalend We're working to keep 🦙s safe onchain If you're depositing collateral into @CurveFinance LlamaLend, you can now buy Protocol Cover on Nexus Mutual & @OpenCover to protect against smart contract failure and other risks 👇 (1/3
We're excited to support @beefyfinance with 4 new Bundled Protocol Cover listings! Now Beefy users can earn yields and protect themselves against smart contract risk in any CLM vaults 🛡️ About the listings ⬇️ (1/5)
We just made over $6m of Bundled Protocol Cover capacity available across @beefyfinance, @VelodromeFi, @AerodromeFi, and @PancakeSwap. Protect your assets on multiple protocols at once 🎁 Find onchain peace of mind. Get covered. 👉 opencover.com/frens/212
✨ New Bundled Protocol Cover Listings We've added new listings for @torosfinance vaults, so you can protect your deposits across @dHedgeOrg and other protocols in popular Toros vault strategies! Let's review the recent Toros Finance listings 👇 (1/7)
✨ Moonwell Protocol Cover Listing Protocol Cover is now available for @MoonwellDeFi, the largest onchain lending market on @base! With the Moonwell Protocol Cover listing live, borrowers and lenders can now protect themselves against onchain risks 🛡️ About Protocol Cover 👇
✨ New Protocol Cover Listing: @Contango_xyz Loopers and leverage fans can now earn yield and purchase Contango Protocol Cover to protect their onchain assets against smart contract risk 🛡️ Learn how to earn with peace of mind 👇 (1/3)
Covered leveraged yield farming is still going strong on @NotionalFinance this week 🛡️ Deposit into one of the leveraged vaults eligible for Notional's $ARB points program + protect your deposit against smart contract risk across all 3 protocols 🤝 Which vaults qualify? (1/3)
This initiative showers you with $ARB 1. Balancer is pushing 50,000 ARB to its pools each week! That means that you get ARB + BAL + AURA reinvestments. 2. Notional gives you even more ARB just for using the vault! You will get 10x points that convert to ARB each month.
✨ Symbiotic Protocol Cover Restaking on @symbioticfi? We've got you covered! With the launch of Symbiotic Protocol Cover, restakers can now protect themselves against smart contract risk 🛡️ About Protocol Cover 👇 (1/4)
OpenCover Enhances Base Pass DeFi Protection
OpenCover has updated their Base DeFi Pass, enhancing security for DeFi activities on Base network. Key features include: - Protection against hacks, smart contract bugs, and protocol failures - Coverage for 9 major protocols including Aerodrome, Beefy, Uniswap - Partnership with Nexus Mutual for comprehensive coverage Base creator Jesse Pollak endorsed the pass in CoinDesk, highlighting its role in building user confidence. The platform offers a free 30-day trial covering up to $10,000 in protection per user. Learn more: [Base DeFi Pass](https://opencover.com/basepass/)
Nexus Mutual DAO Offers $600,000 in Grants
The Nexus Mutual DAO has announced nearly $600,000 in available grants. This significant funding opportunity is open for applications, with details on the Request for Proposals (RFPs) and application process available on their website. Key points: - Almost $600,000 in grants available - Open RFPs for various projects - Application process detailed on NexusMutualDAO website **How to apply:** 1. Visit https://nexusmutualdao.io/grants-program 2. Review open RFPs 3. Submit your application *Interested in contributing? Check out the program and see if your ideas align with their current priorities!*
This Week in DeFi: Slow Start to Uptober
International tensions led to a bearish start for crypto this week, with ETH facing additional pressure from decreased L1 activity and fees. Key developments: - SWIFT to trial digital asset transactions with banks in 2025 - Synthetix community approves major governance change - EigenLayer token debuts with $7B valuation - FTX creditors approve reorganization plan - Solana DEX volumes surpass Ethereum again - Japan to review crypto financial regulations Despite the slow start, the DeFi ecosystem continues to evolve with significant governance changes, new token launches, and regulatory developments shaping the landscape.
Nexus Mutual to Introduce BTC-Denominated Cover
Nexus Mutual, a decentralized insurance alternative, is preparing to launch Bitcoin-denominated cover options. This development aims to expand their services to cater to the Bitcoin community. Key points: - BTC-denominated cover coming soon to Nexus Mutual - More information available in the Request for Comments (RFC) - RFC discusses onboarding cbBTC as a capital pool asset Interested parties can find detailed information in the RFC posted on the Nexus Mutual forum. This move could potentially provide more diverse insurance options for Bitcoin holders. To learn more, visit the Nexus Mutual forum and review the RFC.
Nexus Mutual Embraces Remote Work Amidst Tech Industry RTO Trend
As Return-to-Office (RTO) mandates gain traction in the tech industry, Nexus Mutual stands out by maintaining a fully remote work model. The company's team spans nearly a dozen countries, from the USA to Turkey, offering a global perspective. Key points: - Nexus Mutual remains committed to remote work - Team members are located in almost 12 countries - Global diversity aligns with DeFi principles The company views this approach as a natural extension of its decentralized finance (DeFi) ethos, effectively 'decentralizing' its workforce. This strategy not only provides operational flexibility but also ensures a diverse range of insights from various global markets.