OpenCover Releases November Alpha Update with StakeDAO Integration

**OpenCover completed multiple payouts** to users affected by recent DeFi incidents. **Key developments:** - Users from Beefy Finance, Euler Finance, and Harvest Finance received full compensation - Payouts covered losses from the Stream Finance fallout and related contagion effects - Claims processed for users who didn't directly interact with failed protocols but were still impacted **Why this matters:** - Demonstrates how DeFi protocols interconnect, creating **second-order risks** - Shows cover protection working as intended during real incidents - Highlights the importance of multi-protocol coverage in DeFi The payouts reinforce that **contagion risk is real** in DeFi's composable ecosystem, where protocols build on each other.

**Stream Finance incident** has caused downstream effects across multiple DeFi protocols, prompting insurance claims. **Eligible coverage includes:** - Beefy Finance Multi-protocol - Harvest Finance Multi-protocol - Base DeFi Pass - Nexus Mutual Entry/Essential/Elite **How to claim:** - Users with active cover can submit claims at [opencover.com/claim](https://opencover.com/claim) - Contact via DM or Discord ticket **Key takeaway:** The incident demonstrates how **contagion spreads through DeFi** - protocols you use often depend on others, creating interconnected risks. This serves as a reminder that **zero risk doesn't exist** onchain, highlighting why coverage exists to protect users when they need it most.

**Major DeFi incident affects multiple protocols** Users with active insurance coverage for several major DeFi platforms need to submit claims immediately: - **Beefy Finance** Multi-protocol coverage - **Balancer V2** protocol coverage - **Base DeFi Pass** coverage - **Nexus Mutual** Entry/Essential/Elite tiers **How to claim:** - Submit directly at [opencover.com/claim](https://opencover.com/claim) - Check registered email for notifications - Contact support if needed **Key reminder:** This incident reinforces that **zero risk doesn't exist** in DeFi or traditional finance. Insurance coverage exists specifically for situations like this - when you need protection most. *If you have active coverage for any affected protocols, act now to secure your claim.*

**USDai Depeg Cover Now Available** OpenCover has launched depeg protection for USDai, an AI-focused stablecoin with over 37,000 users and $500M+ TVL. **Key Features:** - Protection against stablecoin depegging events - Safety net for high-yield farming activities - Coverage for wrapped assets losing their peg **Why It Matters:** Major stablecoins like USDC and USDT have previously lost their pegs, creating significant risks for DeFi users. **Get Protected:** [Purchase depeg cover](https://opencover.com/app/?invite=openyield&cover=338&filter=Depeg+Cover) Protect your yield and assets with this new insurance option.