Pendle Multi Cover Now Available on OpenCover

**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.

**OpenCover now offers protocol coverage for IPOR**, a multi-chain yield platform operating on Ethereum, Base, Arbitrum and other networks. **IPOR provides automated earning opportunities** for stablecoins, ETH, and BTC through various strategies: - Leveraged looping - Lending optimizers - Yield optimizers - Bond ETFs The platform focuses on **risk-adjusted passive yield with no impermanent loss**. **Protocol coverage protects against key risks:** - Smart contract hacks and bugs - Liquidation failures - Oracle manipulation - Governance attacks This follows OpenCover's recent expansion, including coverage for Avantis and extension to the Plasma blockchain. [Get IPOR protocol coverage](https://opencover.com/app/?invite=openyield&cover=336&filter=Protocol+Cover)

OpenCover released their October 2025 alpha update highlighting key developments in DeFi insurance. **Key Updates:** - **ArcadiaFi payout** user satisfaction metrics - **Hyperliquid ecosystem** coverage expansion - **Fido automatic cover** implementation - Additional platform improvements and features The monthly update provides insights into OpenCover's progress in making onchain risk protection more accessible and affordable. [Read the full October update](https://open.substack.com/pub/opencover/p/opencover-alpha-october-2025?r=2chtfi&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true)

**OpenCover successfully paid out ~$250K** to victims of the ArcadiaFi exploit, working alongside Nexus Mutual to compensate affected users. **Key developments:** - Cover holders received full payouts following the hack - ~$5M in new cover purchased by Arcadia users post-incident - Demonstrates that DeFi insurance actually works when needed The payout proves that **onchain insurance coverage delivers real protection** when smart contract exploits occur. Users who had purchased cover through OpenCover were fully compensated for their losses. Following the incident, Arcadia users have shown increased confidence in protection services, with $5 million in new coverage purchased to safeguard future onchain activities.

OpenCover released their September 2025 alpha update highlighting several key developments: **Major Updates:** - Processed **Arcadia exploit payouts** to affected users - Launched **OpenYield** - a new product offering - Expanded **Depeg Cover** protection options - Introduced **OpenCover Credits** system The decentralized insurance protocol continues expanding its coverage options and improving user experience. OpenCover provides protection against smart contract hacks, oracle failures, and other onchain risks through vetted underwriters. Read the full monthly update: [OpenCover Alpha September 2025](https://opencover.substack.com/p/opencover-alpha-september-2025)