Euler Finance Surpasses $1.5B TVL Milestone
Euler Finance Surpasses $1.5B TVL Milestone
🏦 Euler's Billion Dollar Move
Key DeFi protocol updates for the week:
- Cork Protocol now available on OpenCover platform
- Morpho Labs launches Morpho Lite with streamlined Earn and Borrow features
- Arcadia Finance reports 47% month-over-month TVL growth in April
- Euler Finance achieves significant milestone, surpassing $1.5B in Total Value Locked
These developments signal continued growth in DeFi infrastructure and user adoption across multiple protocols.
🛡️ BEEFY MULTI PROTOCOL UPDATE 🛡️ Our @beefyfinance Multi Protocol Cover now includes beS, aka Beefy Sonic. Learn more 👇 docs.beefy.finance/beefy-products…
🔔 Weekly industry update 🛡️ OpenCover: 🔹 @ShadowOnSonic and @PoolTogether_ are officially live on OpenCover. 🚨 Hacks: 🔹$5m worth of ZK tokens were stolen from a compromised ZKsync admin account. 🌀 Protocols: 🔹 @Euler was awarded a 500k OP grant to bring the lending app
🛡️ NEW COVER LISTED 🛡️ @ShadowOnSonic is officially available on OpenCover 🚀 🔸 Keep your assets safe on Shadow with @NexusMutual and streamline cover management. Learn more and find onchain peace of mind 👇 opencover.com/shadow
🔔 Weekly industry update 🛡️ OpenCover: 🔹 @OriginProtocol is officially available on OpenCover. 🔹 We redesigned our Discord server. 🌀 Protocols: 🔹 @eulerfinance launched a new $260,000 incentives package > x.com/eulerfinance/s… 🔹 @ExtraFi_io issued its monthly review >
Euler is the best place to be sidelined. New $260,000 supply incentives now live: - $USDC, $WETH, $cbBTC, $USDT, $WBTC All now getting yields above market average.
🔔 Weekly industry update 🛡️ OpenCover: 🔹 We released the April issue of OpenCover Alpha, our monthly newsletter > tinyurl.com/2x34hav5 🔹 @0xCoinshift csUSDL is officially available on OpenCover 🔒 Industry: 🔹 A $16 million, record-breaking bug bounty is live. Powered by
🛡️ NEW COVER LISTED 🛡️ @PoolTogether_ is now live on OpenCover 🚀 Stay safe on PoolTogether - protect your assets against onchain risks with @NexusMutual. Save $50+ in gas fees on L2. Learn more and get covered👇 opencover.com/pooltogether
🌟 OpenCover just got even easier to use 🪄 Our new cover selector lets you choose between Protocol Cover, Depeg Cover, and Custody Cover in just one click. Try it now 👇 opencover.com/app/?invite=LN…
🔔 Weekly industry update 🛡️ OpenCover: 🔹 @beefyfinance Multi Protocol Cover now includes beS, aka Beefy Sonic. 🌀 Protocols: 🔹 @superformxyz Rewards are live. 🔹 @SiloFinance redesigned their V2 UI. 🔹 @symbioticfi raised $29m in a Series A, led by @PanteraCapital.
🔔 Weekly industry update 🛡️ OpenCover: 🔹 We introduced the most significant upgrade to the @Base Pass. 🚨 Hacks: 🔹 Abracadabra Money was hacked for $13m. 🔒 Industry: 🔹 @NexusMutual's proposal to stake Kiln ETH in Enzyme Vault on @ether_fi is open for voting. 🌀
🛡️ Custody Cover is officially live on OpenCover 🛡️ Protect your digital assets from significant centralized exchange and custody risks, such as bankruptcy, hacks, and frozen withdrawals. Get started 👇 tinyurl.com/mrxz8jtj
🛡️ NEW COVER LISTED 🛡️ @OriginProtocol is officially available on OpenCover 🚀 Cover your $OUSD + underlying protocols, and protect your Super OETH assets from depeg risk. Learn more and get covered👇 opencover.com/originousd
🛡️ NEW COVER LISTED 🛡️ @0xCoinshift csUSDL is officially available on OpenCover 🚀 This exclusive cover was developed with @NexusMutual, with institutions and businesses in mind. Secure your positions on Coinshift csUSDL 👉 opencover.com/coinshift
🛡️ OpenCover Alpha – April 2025 🛡️ Explore what we’ve been up to this month – introducing Custody Cover and the Base Pass V2, our brand new UI, and more 📊 tinyurl.com/2x34hav5
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)