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)
Multi Protocol Cover Extends DeFi Protection Across Multiple Platforms
**Multi Protocol Cover** now offers comprehensive protection for DeFi strategies spanning multiple protocols. This consolidated coverage extends beyond single protocol protection, safeguarding users against: - Smart contract hacks and exploits - Oracle failures - Cross-protocol risks The service builds on existing single protocol coverage for platforms like Aave and Uniswap, now providing **unified protection** for complex multi-protocol strategies. [Watch the walkthrough](https://youtu.be/yITiIAgGsd0?si=_9tzenRdBEMruoit) to understand how consolidated coverage works across different protocols.
Nexus Mutual Proposes USDC Yield Vault for Real-World Insurance Returns
**Nexus Mutual members are voting on a proposal to create a USDC-denominated yield-bearing vault** that would bring real-world insurance returns to crypto capital. The proposal, known as NMPIP (Nexus Mutual Protocol Improvement Proposal), is currently open for voting on Snapshot for 3 days. **Key details:** - Vault would operate under the Nexus Mutual umbrella - Focus on generating yield through real-world insurance activities - Requires technical, legal, and operational development work - Would involve collaboration between DAO R&D team and Foundation teams If approved, development teams will begin the complex process of building the infrastructure needed to bridge traditional insurance returns with crypto capital. The initiative represents Nexus Mutual's expansion beyond pure crypto insurance into broader financial products. [Full forum discussion](https://forum.nexusmutual.io/t/nmpip-real-world-insurance-vault-bringing-insurance-returns-to-crypto-capital/1818)
🗳️ Nexus Mutual Opens Voting on Real-World Insurance Vault Proposal
**Nexus Mutual** has opened voting on a new proposal to create a **Real-World Insurance Vault** that would bring traditional insurance returns to crypto capital. **Key Details:** - NMPIP voting is live on Snapshot for the next 3 days - Members can participate in governance decision-making - Proposal aims to bridge traditional insurance with crypto assets **What This Means:** The proposal represents Nexus Mutual's continued expansion beyond pure crypto insurance into traditional financial products. **Next Steps:** Nexus Mutual members should review the full proposal and cast their votes before the deadline. [Vote on Snapshot](https://snapshot.box/#/s:community.nexusmutual.eth/proposal/0x2738d3a859b8fb3bfa61253db6b99dad0093a8ad1dba8380cf2827a0d6d2f171)
🔒 Nexus Mutual Expands Crypto Coverage Pipeline
**Nexus Mutual is expanding its crypto coverage offerings this December**, with additional products in development. The decentralized insurance platform continues building on strong momentum from earlier this year when it surpassed **$100 million in active cover** - representing a 3x increase since January. - Platform targeting 10x growth in cover sales by end of 2024 - Focus on providing insurance alternatives for crypto assets - Community dashboard available for tracking coverage metrics The expansion signals growing demand for decentralized insurance solutions in the crypto space as users seek protection for their digital assets. [View coverage dashboard](https://dune.com/nexus_mutual/community)
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/)