Nexus Mutual Announces New Protocol Covers and Partnerships

**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 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** 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 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 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/)