Hybra Finance Protocol Cover Now Protects Against Hacks, Oracle Manipulation, and Governance Attacks

**Covered Vaults** have launched in the [Superform Base mini app](https://base.app/app/https:/mini.superform.xyz), introducing embedded onchain protection directly into vault deposits. **Key features:** - No upfront payment required - No duration commitment - Single-tap activation at deposit - No separate workflow needed The technology is being adopted by Brazilian fintech **Picnic** and integrated into Superform's vault experience on Base. This marks the first implementation of vault-native risk transfer, allowing users to protect their deposits against smart contract risks without leaving the deposit interface. The integration eliminates the traditional friction of purchasing protection separately, making risk management a seamless part of the savings experience. [Read the full Alpha newsletter](https://opencover.substack.com/p/alpha-june-2026-how-covered-vaults)

OpenCover is preparing to deploy **7 new Covered Vaults** with embedded protection features. The announcement follows earlier teasers about a new vault deployment, though the specific protocol being covered has not yet been revealed. **Key Details:** - 7 Covered Vaults launching soon - Built-in protection mechanisms - Protocol details to be announced Covered Vaults allow users to protect their DeFi positions against smart contract risks and other onchain vulnerabilities through vetted underwriters.

OpenCover now provides coverage for the Liquity Carry vault on IPOR Fusion. **Key Details:** - Deposits receive full coverage protection - Vault continues to earn 4%+ APR on ETH - Coverage protects against smart contract risks and oracle failures The integration allows users to maintain yield while adding a layer of security to their ETH positions. Coverage is provided by vetted onchain underwriters. [View the covered vault](https://opencover.com/vaults/fusion)

**Covered Vaults** are establishing themselves as fundamental DeFi infrastructure by abstracting risk management into a native protocol layer. **Key Development:** - Vault-native risk transfer is becoming integrated into the DeFi stack - Partnership with Nexus Mutual and ecosystem partners to build this infrastructure - Transforms risk from uncertainty into a predictable, manageable cost **Why It Matters:** Institutions and fintechs require the same risk transfer mechanisms they use in traditional finance. By making risk a known cost rather than an unknown variable, Covered Vaults aim to enable institutional capital to scale into DeFi with confidence. This represents a shift from bolted-on insurance products to native risk management embedded directly into vault architecture.

OpenCover now offers coverage for Hybra Finance positions at a monthly rate of 0.46%. Users can protect their assets while earning yields on stablecoins within the Hyperliquid ecosystem. **Key Features:** - Monthly coverage cost: 0.46% - Earn approximately 9% on USDC/USDT0 - Protection available for Hyperliquid-ecosystem assets The service allows users to safeguard their DeFi positions while maintaining earning potential on their holdings. [Learn more about Hybra coverage](https://opencover.com/hybra)