Nexus Mutual Expands Offerings with New Protocol Covers and USDC Support
Nexus Mutual Expands Offerings with New Protocol Covers and USDC Support
🔒 New Covers, USDC Support
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.
🛡️ 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 💪
Deposit and earn rewards with $uniETH's newest @pendle_fi pool! 💎💰🏊♀️💰💎 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…
Cover your PT tokens with Bundled Protocol Cover and sleep easy, while you earn high APYs on @pendle_fi 🛡️ Protect your Pendle positions today 👇 v2.nexusmutual.io/cover/buy-cover
Stop sleeping with one eye open and let us fix the crazy for you 💙
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 🛡️ Where to buy Protocol Cover 👇
Big demand to borrow $ETH on Arbitrum has pushed $ETH variable lend rates way up! Do what you will with this information anon👀
🛡️ New Bundled Protocol Cover Listing The $sUSDe @Karak_Network Fixed Yield Market on Pendle has been listed in the Nexus Mutual UI! If you're earning high APYs on your sUSDe in the Karak Pendle Fixed Yield Market, you can protect your position against smart contract risk 🛡️
🛡️ Now Supporting $USDC Denominated Cover! Now that USDC has been added to the Capital Pool, you can now buy USDC-denominated Protocol Cover in the Nexus Mutual UI We're happy to offer this new cover asset as an option for our members 👇
Nexus Mutual Expands Coverage to New Morpho Vaults Across Multiple Networks
Nexus Mutual has updated its Blue Chip Morpho Vaults listing with new markets across multiple networks including Ethereum, Base, Unichain, World Chain, and Corn. Key additions include: - MEV Capital PTs Vault (Ethereum) - OpenEden USDC Vault (Base) - Xlend USDC Vault (Base) - Multiple USDC & WETH vaults on various chains Coverage protects against: - Smart contract hacks - Oracle failures/manipulation - Liquidation failure - Governance attacks Single market coverage quotes available at [nexusmutual.io/contact](https://nexusmutual.io/contact) View full vault listing in the updated [Annex](https://api.nexusmutual.io/ipfs/QmdLGjtKDELJTBjiHjpgKurPZgJn1qkC73m54rM3po3cdv)
DeFi Pulse Hosts Open Forum on Crypto Law and Legal Risks
DeFi Pulse is organizing an Open Forum focused on critical legal challenges in the crypto space. The session will cover: - Legal gray areas in DeFi protocols - Enforcement of smart contract code - Key court cases affecting the industry - Specific risks for yield aggregator platforms The forum brings together crypto lawyers, builders, and community members to discuss legal exposure and compliance strategies. [Join the discussion live](https://www.youtube.com/watch?v=BySsF3LwiQI).
OpenCover Enhances Base Pass DeFi Protection
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/)
Nexus Mutual DAO Offers $600,000 in Grants
The Nexus Mutual DAO has announced nearly $600,000 in available grants. This significant funding opportunity is open for applications, with details on the Request for Proposals (RFPs) and application process available on their website. Key points: - Almost $600,000 in grants available - Open RFPs for various projects - Application process detailed on NexusMutualDAO website **How to apply:** 1. Visit https://nexusmutualdao.io/grants-program 2. Review open RFPs 3. Submit your application *Interested in contributing? Check out the program and see if your ideas align with their current priorities!*
This Week in DeFi: Slow Start to Uptober
International tensions led to a bearish start for crypto this week, with ETH facing additional pressure from decreased L1 activity and fees. Key developments: - SWIFT to trial digital asset transactions with banks in 2025 - Synthetix community approves major governance change - EigenLayer token debuts with $7B valuation - FTX creditors approve reorganization plan - Solana DEX volumes surpass Ethereum again - Japan to review crypto financial regulations Despite the slow start, the DeFi ecosystem continues to evolve with significant governance changes, new token launches, and regulatory developments shaping the landscape.