OpenCover Enhances Base Pass DeFi Protection
OpenCover Enhances Base Pass DeFi Protection
🛡️ Free DeFi Insurance Anyone?
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 🙌
📣 BREAKING: we just gave the @Base Pass its biggest upgrade yet 🔵 🛡️ Coverage now extends to 16 protocols representing 80%+ of Base by TVL 🪙 Price dropped to just 0.3% for a full month of protection 1️⃣ Now part of Coinbase One onchain perks (save an extra 10%) 🧵 Alpha 👇
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 address: - Legal gray areas in DeFi protocols - Enforceability 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 these pressing issues. Participants will explore practical implications for protocol development and compliance. [Join the discussion live](https://www.youtube.com/watch?v=BySsF3LwiQI)
Nexus Mutual Announces Four Key Grant Opportunities
Nexus Mutual has launched a comprehensive grant program focusing on four strategic areas: - **Yield Generation**: Funding strategies that combine staking and earning capabilities - **Stablecoin Protection**: Supporting coverage models against stablecoin depegs - **Real-World Mutuals**: Expanding beyond crypto into traditional mutual insurance models - **Wallet Integration**: Developing seamless protection features within user wallets The program aims to enhance technical infrastructure, user experience, protocol integrations, and risk tooling. [Apply for grants here](https://nexusmutualdao.io/grants-program)
Nexus Mutual Partners with SatLayer for Bitcoin-Backed Insurance Coverage
Nexus Mutual announces strategic partnership with SatLayer to provide enhanced insurance coverage using restaked Bitcoin as collateral. The collaboration aims to: - Unlock $50-100M+ in coverage capacity - Offer bespoke cover solutions for Bitcoin holders - Integrate with major DeFi protocols including Base, Aave, and Morpho The platform now supports Coinbase's cbBTC, expanding protection options for Bitcoin deposits across popular DeFi protocols. This marks a significant step in bringing traditional insurance concepts to Bitcoin-native users.
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!*