Nexus Mutual Offers Bundled Protocol Cover for DeFi Platforms
Nexus Mutual Offers Bundled Protocol Cover for DeFi Platforms
🔒 Secure Your DeFi Yields
Nexus Mutual has listed several new Bundled Protocol Cover offerings in its user interface, providing protection against smart contract risks across multiple DeFi protocols. These bundled covers safeguard users from potential exploits, hacks, oracle failures, governance attacks, and severe liquidation failures. The covered protocols include Pendle, EigenLayer, Etherfi, Swell, Renzo, KelpDAO, Kwenta, and Synthetix. Users can purchase a single Cover NFT to protect against risks across three associated protocols. Nexus Mutual aims to make DeFi safer by mitigating smart contract risks for users engaging with these platforms.
If you're an LP or a PT holder for the $eETH maturity on @pendle_fi, we've got you covered across the full-stack of risk with Bundled Cover! This Bundle protects against smart contract risk across EigenLayer, Etherfi + Pendle 🛡️ 🔹 Etherfi Bundle: v2.nexusmutual.io/cover/product/…
Higher points upside as $eETH LPs in this market, but LP yields are lower than $eETH (Zircuit) market which comes w/ added smart contract risk 🤔 Maturity 🔹 77 days PT Fixed Yield 🔹 36.05% LP APY (Fixed Yield, Trading Fees, Points) 🔹 41.2% Review 👀 app.pendle.finance/points/eETH
Whether you're an LP or a PT holder for the $rswETH maturity on @pendle_fi, we've got you covered across the full-stack of risk with Bundled Cover! This Bundle protects against smart contract risk across EigenLayer, Swell + Pendle 🛡️ 🔹 Swell Bundle: v2.nexusmutual.io/cover/product/…
For Swell's $rswETH market, the highest available yields are for LPs with great PT yields, as well. Great choices in this market 👀 Maturity 🔹 77 days PT Fixed Yield 🔹 53.56% LP APY (Fixed Yield, Trading Fees, Points) 🔹 62.48% Review 👀 app.pendle.finance/points/rswETH
🛡️ New Bundled Protocol Cover Listing We've got a special treat for onchain leverage traders and perps lovers ❤️ We've listed Kwenta + Synthetix Bundled Protocol Cover in the Nexus Mutual UI! 🔹 Kwenta + Synthetix Bundle: app.nexusmutual.io/cover/buy/get-…
🛡️ New Bundled Protocol Cover Listing Another Pendle bundle is here 🐢 We've listed EigenLayer + Renzo + Pendle Bundled Protocol Cover in the Nexus Mutual UI! 🔹 Renzo Bundle: app.nexusmutual.io/cover/buy/get-…
In @BraveDeFi's latest issue of State of DeFi Yields, he provided an update on the Fixed Yield markets on Pendle, where LRT holders can earn 45–67% fixed APY 👀 PT-LRT holders can protect their PTs w/ Bundled Protocol Cover 🛡️ What do the Pendle Bundled Covers protect against?
Jumping into a new Fixed Yield maturity or liquidity pool on Pendle? We've got you covered with bundled cover that protects against smart contract risks across multiple protocols 🛡️ 🔹 KelpDAO Bundle: app.nexusmutual.io/cover/buy/get-… 🔹 Etherfi Bundle: app.nexusmutual.io/cover/buy/get-…
Wen more LRT on @Arbitrum? Now more LRT on Arbitrum! Welcoming 2 new additions to our Arbitrum lineup: 🔹 @ether_fi eETH (June 2024 maturity) 🔹 @KelpDAO rsETH (June 2024 maturity)
Nexus Mutual is in the Ether.fi UI 👀 $eETH holders can deposit into 💧 Liquid, earn DeFi APYs, $ETHFI rewards & EigenLayer + Ether.fi points 👇 app.ether.fi/liquid And now, you can buy Liquid Bundled Cover for peace of mind 🛡️ What's covered?
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.