🛡️ DeFi Payouts Made
🛡️ DeFi Payouts Made
🛡️ DeFi Claims Paid
OpenCover completed multiple payouts to users affected by recent DeFi incidents.
Key developments:
- Users from Beefy Finance, Euler Finance, and Harvest Finance received full compensation
- Payouts covered losses from the Stream Finance fallout and related contagion effects
- Claims processed for users who didn't directly interact with failed protocols but were still impacted
Why this matters:
- Demonstrates how DeFi protocols interconnect, creating second-order risks
- Shows cover protection working as intended during real incidents
- Highlights the importance of multi-protocol coverage in DeFi
The payouts reinforce that contagion risk is real in DeFi's composable ecosystem, where protocols build on each other.
🔔 Weekly Covered Yield Update New on OpenCover 🛡️ We've completed payouts to @beefyfinance, @eulerfinance and @harvest_finance users affected by the recent Stream Finance hack. Covered protocols news 🔹 @superformxyz introduced SuperVaults v2. 🔹 @ExtraFi_io was awarded
🛡️ Huge news for onchain cover! 🤝 Congratulations to @NexusMutual and @symbioticfi for teaming up to make DeFi safer and more scalable. ✅ Cover will be the new standard.
We’re on a mission to make DeFi a safer place But that’s too big of a job to do by yourself... That’s why we’re partnering with the universal staking protocol @symbioticfi Together, we’re scaling onchain cover to meet the needs of any institutional investor or protocol ⏬
🛡️ COVER PAYOUTS 🛡️ ➡️ We've completed payouts to covered @beefyfinance, @eulerfinance and @harvest_finance users affected by the recent Stream Finance fallout. 🤖 These payouts, made for positions on @Base, @Arbitrum, @avax & @SonicLabs highlight the risk of contagion in DeFi.
🛡️ COVER PAYOUT 🛡️ ➕ We have made an additional payout to a user affected by the Stream Finance fallout. 🐮 Another @beefyfinance user made a claim and received their payout today. ✅ Cover is the difference between losing it all or getting your money back.
🛡️ RECENT PAYOUTS 🛡️ 💪 We have made multiple payouts to cover holders in the last week. ✅ Covered users from @beefyfinance, @eulerfinance and @harvest_finance were made whole. x.com/OpenCover/stat…
🛡️ COVER PAYOUTS 🛡️ ➡️ We've completed payouts to covered @beefyfinance, @eulerfinance and @harvest_finance users affected by the recent Stream Finance fallout. 🤖 These payouts, made for positions on @Base, @Arbitrum, @avax & @SonicLabs highlight the risk of contagion in DeFi.
👏 Great work from @NexusMutual and @beefyfinance for offering cover to their users. ➡️ As Nexus explain in their post, "The majority of impacted covers were provided through our partner, OpenCover". 👀 Still doing DeFi without protection? It's time to discover onchain cover.
Following the Stream Finance exploit Nexus Mutual disbursed claims to protect users in integrated vaults. Beefy users were safeguarded through this coverage, with funds processed and paid out in under a week via partners like OpenCover, showcasing effective DeFi insurance.
⚠️ PSA ⚠️ 📣 If you have cover and were impacted by the Stream Finance incident and its downstream events, reach out to submit a claim. Eligible cover includes: 1️⃣ @beefyfinance Multi-protocol 2️⃣ @harvest_finance Multi-protocol 3️⃣ @Base DeFi Pass 4️⃣ @NexusMutual
⚠️ Stream Finance Incident Triggers DeFi Insurance Claims
**Stream Finance incident** has caused downstream effects across multiple DeFi protocols, prompting insurance claims. **Eligible coverage includes:** - Beefy Finance Multi-protocol - Harvest Finance Multi-protocol - Base DeFi Pass - Nexus Mutual Entry/Essential/Elite **How to claim:** - Users with active cover can submit claims at [opencover.com/claim](https://opencover.com/claim) - Contact via DM or Discord ticket **Key takeaway:** The incident demonstrates how **contagion spreads through DeFi** - protocols you use often depend on others, creating interconnected risks. This serves as a reminder that **zero risk doesn't exist** onchain, highlighting why coverage exists to protect users when they need it most.
OpenCover Releases November Alpha Update with StakeDAO Integration
OpenCover published their November 2025 alpha update, highlighting key developments in their DeFi insurance platform. **Key Updates:** - Full integration with StakeDAO completed - Participation in DAS 2025 event - Launch of exclusive founder video series - Monthly progress report available The update provides insights into OpenCover's ongoing development as they expand their onchain risk protection services. The platform focuses on making portfolio protection accessible and affordable for DeFi users. [Read the full update](https://open.substack.com/pub/opencover/p/opencover-alpha-november-2025?r=2chtfi&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true)
🚨 Multiple DeFi Protocols Trigger Insurance Claims
**Major DeFi incident affects multiple protocols** Users with active insurance coverage for several major DeFi platforms need to submit claims immediately: - **Beefy Finance** Multi-protocol coverage - **Balancer V2** protocol coverage - **Base DeFi Pass** coverage - **Nexus Mutual** Entry/Essential/Elite tiers **How to claim:** - Submit directly at [opencover.com/claim](https://opencover.com/claim) - Check registered email for notifications - Contact support if needed **Key reminder:** This incident reinforces that **zero risk doesn't exist** in DeFi or traditional finance. Insurance coverage exists specifically for situations like this - when you need protection most. *If you have active coverage for any affected protocols, act now to secure your claim.*
🛡️ USDai Depeg Protection
**USDai Depeg Cover Now Available** OpenCover has launched depeg protection for USDai, an AI-focused stablecoin with over 37,000 users and $500M+ TVL. **Key Features:** - Protection against stablecoin depegging events - Safety net for high-yield farming activities - Coverage for wrapped assets losing their peg **Why It Matters:** Major stablecoins like USDC and USDT have previously lost their pegs, creating significant risks for DeFi users. **Get Protected:** [Purchase depeg cover](https://opencover.com/app/?invite=openyield&cover=338&filter=Depeg+Cover) Protect your yield and assets with this new insurance option.