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
OpenCover is covering all the bases... With their latest update to the Base Pass, they're making DeFi on @base even safer, easier, and more accessible! Check out the news below and be sure to give it a try ๐
๐ฃ BREAKING: we just gave the @Base Pass its biggest upgrade yet ๐ต ๐ก๏ธ Coverage now extends to 16 protocols representing 80%+ of Base by TVL ๐ช Price dropped to just 0.3% for a full month of protection 1๏ธโฃ Now part of Coinbase One onchain perks (save an extra 10%) ๐งต Alpha ๐
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.
Nexus Mutual to Introduce BTC-Denominated Cover
Nexus Mutual, a decentralized insurance alternative, is preparing to launch Bitcoin-denominated cover options. This development aims to expand their services to cater to the Bitcoin community. Key points: - BTC-denominated cover coming soon to Nexus Mutual - More information available in the Request for Comments (RFC) - RFC discusses onboarding cbBTC as a capital pool asset Interested parties can find detailed information in the RFC posted on the Nexus Mutual forum. This move could potentially provide more diverse insurance options for Bitcoin holders. To learn more, visit the Nexus Mutual forum and review the RFC.
Nexus Mutual Embraces Remote Work Amidst Tech Industry RTO Trend
As Return-to-Office (RTO) mandates gain traction in the tech industry, Nexus Mutual stands out by maintaining a fully remote work model. The company's team spans nearly a dozen countries, from the USA to Turkey, offering a global perspective. Key points: - Nexus Mutual remains committed to remote work - Team members are located in almost 12 countries - Global diversity aligns with DeFi principles The company views this approach as a natural extension of its decentralized finance (DeFi) ethos, effectively 'decentralizing' its workforce. This strategy not only provides operational flexibility but also ensures a diverse range of insights from various global markets.