Nexus Mutual Expands Offerings with New Protocol Covers and USDC Support

πŸ”’ New Covers, USDC Support

By Nexus Mutual
Jun 13, 2024, 5:35 PM
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Nexus Mutual has announced several new developments in its decentralized insurance offerings.​ The Bedrock Fixed Yield Market on Pendle has been listed on the Nexus Mutual UI, allowing users to protect their uniETH positions against smart contract risks across the EigenLayer, Bedrock, and Pendle protocols.​ Additionally, the sUSDe Karak Network Fixed Yield Market on Pendle has been listed, providing coverage for sUSDe positions against smart contract risks in Karak, Pendle, and the USDe staking contract.​ Nexus Mutual has also introduced support for USDC-denominated cover, enabling users to purchase cover using USDC as the preferred payment asset in case of a loss.​ Furthermore, Nexus Mutual is working on developing new cover products, such as Depeg Cover, to protect users against events like a DAI or sUSDe depeg.​

Sources

πŸ›‘οΈ New Bundled Protocol Cover Listing The @Bedrock_DeFi Fixed Yield Market on @pendle_fi is now listed in the Nexus Mutual UI! If you're earning high APYs on your uniETH in the Pendle Fixed Yield Market, you can protect your position against smart contract risk πŸ’ͺ

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Bedrock | Liquid BTC Restaking 🟠
Bedrock | Liquid BTC Restaking 🟠
@Bedrock_DeFi

Deposit and earn rewards with $uniETH's newest @pendle_fi pool! πŸ’ŽπŸ’°πŸŠβ€β™€οΈπŸ’°πŸ’Ž With a current max APY of 47.69% and 5x Diamonds, don't sleep on this deal if you're a uniETH hodler! Check it out here: app.pendle.finance/trade/pools/0x…

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Jumping into the @NotionalFinance markets on Arbitrum to earn high yields? Purchase Notional V3 Protocol Cover and lend with peace of mind knowing your assets are protected against smart contract risk, oracle failure/manipulation and more πŸ›‘οΈ Where to buy Protocol Cover πŸ‘‡

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Notional
Notional
@NotionalFinance

Big demand to borrow $ETH on Arbitrum has pushed $ETH variable lend rates way up! Do what you will with this information anonπŸ‘€

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DeFi