Nexus Mutual Announces New Protocol Covers and Partnerships

🔒 New Covers Unlocked!

By Nexus Mutual
Apr 15, 2024, 6:39 PM
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Photo by Nexus Mutual

Nexus Mutual, a decentralized insurance platform, has announced several new protocol covers and partnerships.​ Yearn v3 and Yearn Juiced Vaults are now live on OpenCover, allowing users to safeguard their assets on Yearn Finance with Nexus Mutual and save on gas fees.​ Additionally, Nexus Mutual has listed covers for Velodrome v2, Gearbox v3, and Etherfi Liquid's bundled protocols, enabling users to protect their assets across various DeFi platforms.​ These new offerings aim to provide users with peace of mind and confidence when earning in DeFi by mitigating smart contract risks.​

Sources

Safeguard your $GHO deposits in @GearboxProtocol's Passive Earn market with Protocol Cover 🛡️ Don't let risk hold you back from earning on your $GHO ➡️ Gearbox v3 Protocol Cover: app.nexusmutual.io/cover/buy/get-… ➡️ Gearbox v3 Protocol Cover available on L2s: opencover.com/app/?invite=Ne…

Marc Zeller
Marc Zeller
@Marczeller

Used my $GHO airdrop to ape into @GearboxProtocol and earn an additional 51% yield. Pls don't dilute my yield frens.

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Earning on your $GHO in Gearbox v3? Protect yourself against smart contract risk with Protocol Cover 🛡️ ➡️ Gearbox v3: app.nexusmutual.io/cover/buy/get-…

Gearbox Protocol
Gearbox Protocol
@GearboxProtocol

Now earn boosted GHO yields on Gearbox with 15,000 GHO to be distributed to lenders over the next 2 weeks. Made possible by @GHOAave and @Token_Logic. 👻 Currently, that's 78.6% APY when you passively supply to Gearbox's GHO lending pool: app.gearbox.fi/pools ⚙️🧰

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Depositing $DAI or $GHO into Gearbox v3? $GHO buy Gearbox v3 Protocol Cover to earn with peace of mind knowing you're covered against the biggest risks in DeFi 🛡️ ➡️ Buy in the Nexus Mutual UI app.nexusmutual.io/cover/buy/get-… ➡️ Buy on L2s through @OpenCoverDeFi opencover.com/app/?invite=Ne…

Gearbox Protocol
Gearbox Protocol
@GearboxProtocol

GHO and DAI pools are now live with $GEAR rewards, currently generating over 100% in yield. Supply to let your stables do the earning for you without any IL, fee or lockup: app.gearbox.fi/pools/ ⚙️🧰

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Read more about Nexus Mutual

OpenCover Launches Covered Vaults with $50M Coverage Capacity

OpenCover has launched **Covered Vaults**, offering vault operators embedded insurance coverage with flexible terms. **Key features:** - $50M coverage capacity per vault - No prepayment required - No fixed terms - Premiums automatically streamed from vault yield The platform aims to make vault operations safer through seamless risk management. Vault operators and curators interested in embedded risk transfer can contact OpenCover directly. This launch represents a step toward making DeFi infrastructure more secure and accessible.

Neptune Mutual's BD Head Discusses DeFi Coverage with Sam Kamani

Neptune Mutual's Head of Business Development met with Sam Kamani to discuss key insurance topics in the crypto space. **Key discussion points:** - DeFi coverage solutions - Crypto Kidnap & Ransom (K&R) insurance - Additional protection mechanisms for the industry The conversation explored how insurance alternatives are evolving to meet the unique risks facing crypto users and protocols. As DeFi continues to grow, specialized coverage options become increasingly relevant for participants in the ecosystem. This meeting reflects ongoing efforts to expand protection options beyond traditional insurance models in the digital asset space.

Nexus Mutual Interviews COO Ricky Tan

Nexus Mutual has published an interview with their Chief Operating Officer, Ricky Tan, on their blog. The interview provides insights into the team behind the crypto insurance alternative platform. Read the full conversation: [Nexus Mutual Team Talks: Ricky Tan, COO](https://nexusmutual.io/blog/nexus-mutual-team-talks-ricky-tan-coo)

Nexus Mutual COO: DeFi's Complexity Problem and the Path Forward

Nexus Mutual COO: DeFi's Complexity Problem and the Path Forward

Nexus Mutual's COO argues that DeFi protocols are moving too fast toward complexity without establishing fundamentals first. **Key principles for sustainable growth:** - **Focus matters** - Doing fewer things well beats scattered expansion - **Constraints drive strategy** - Limitations force better decision-making - **Patience pays off** - Especially critical during market volatility The message aligns with broader industry shifts toward efficiency and composability. As DeFi matures, protocols are recognizing that capital flow, system integration, and clear risk communication aren't obstacles to innovation—they're foundations for building systems that last. Nexus Mutual continues developing its insurance alternative approach while applying these principles to its 2026 roadmap.

Nexus Mutual Develops Shared Risk Vocabulary for Maturing DeFi Sector

Nexus Mutual Develops Shared Risk Vocabulary for Maturing DeFi Sector

Nexus Mutual is building a standardized framework for discussing risk in DeFi as the sector matures. **Key developments:** - Creating shared vocabulary for risk assessment across DeFi - Targeting risk teams, protocol builders, institutions, and investors - Emphasizes transparent onchain data combined with expert networks - Positions risk sharing as collaborative rather than competitive The initiative addresses growing institutional demand for structured risk frameworks in DeFi. January saw product milestones and integrations as part of this broader effort.

DeFi