Pendle Multi Cover Now Available on OpenCover
Pendle Multi Cover Now Available on OpenCover
🛡️ Pendle Protection Just Dropped
OpenCover has launched Pendle Multi Cover, offering protection for assets on Pendle and its underlying protocols through Nexus Mutual. Key features:
- $5.3m cover capacity available
- Includes protection for sub-protocols in single purchase
- $50+ savings on L1 fees
- Streamlined cover management
Pendle, with $5.3b TVL, specializes in future yield tokenization and trading through its AMM system.
Visit opencover.com/pendle to secure coverage
🏆 Milestone achieved 🏆 OpenCover and @RequestFinance have officially surpassed $100M in transactions covered — making blockchain payments safer than ever before. 🧵 Here’s how we’re redefining onchain security together 👇
🔔 Weekly industry update 🛡️ OpenCover: 🔹 We protected over 200 BTC of deposits for @derivexyz users in less than a month. 🔒 Industry: 🔹 @NexusMutual released their Q4 2024 report > forum.nexusmutual.io/t/fourth-quart… 🔹 @NexusMutual's proposal to repay the @aave loan once ETH reaches
🛡️ NEW COVER LISTED 🛡️ @beefyfinance Multi Cover is now live on OpenCover 🐮 We just unlocked $1.9m of Beefy Multi Cover capacity from @NexusMutual. Sub-protocols are included, offering full protection with a single cover purchase. Get started 👇 opencover.com/beefy
🛡️ NEW COVER LISTED 🛡️ CoW AMM @CoWSwap is officially available on OpenCover 🚀 We just unlocked $1m of CoW AMM cover capacity from @NexusMutual on @Ethereum and @Arbitrum. Protect your positions on CoW AMM and save over $50 in gas fees on L2 🚀 👉 opencover.com/frens/244
🛡️ NEW BUNDLED COVER LISTED 🛡️ Protect your positions on @MorphoLabs + Morpho Vaults and their underlying protocols 🦋 Save over $50 in gas fees and streamline cover management Enjoy broad protection in just one cover purchase opencover.com/morphovaults
🔔 Weekly industry update 🛡️ OpenCover: 🔹 OpenCover and @RequestFinance surpassed $100M in transactions covered. 🔹 We unlocked $5.6m of Bundled Cover capacity from @NexusMutual across @MorphoLabs + Morpho Vaults and their underlying protocols. 🚨 Hacks: 🔹 @Moby_trade
🛡️ Protect Your DeFi Assets with Essential Cover 🛡️ Powered by @NexusMutual, it shields you from hacks, bugs, and failures on 40+ leading holding, trading, and borrowing platforms. The ultimate plan for stress-free lending and borrowing. Start now 👇 opencover.com/essential/
🔔 Weekly industry update 🛡️ OpenCover: 🔹 Our partnership with @RequestFinance has covered over $100m in transactions. 🌀 Protocols: 🔹 @Uniswap's monthly Base volume set a new ATH at $15.65b. 🔹 @CoWSwap increased the maximum deadline for limit orders from 6 months to 1 year.
🔔 Weekly industry update 🛡️ OpenCover: 🔹 We launched 3 Comprehensive Covers with @NexusMutual—Entry, Essential, and Elite. 🔹 OpenCover is now listed on the @Coinbase cbBTC ecosystem page. 🌀 Protocols: 🔹 @eulerfinance started the year with $200m in TVL and a proposal to go
🔔 Weekly industry update 🛡️ OpenCover: 🔹 @beefyfinance Multi Cover is live on OpenCover. 🚨 Hacks: 🔹 $29 million worth of funds were drained from one of @Phemex_official's hot wallets. 🌀 Protocols: 🔹 @LiquityProtocol V2 is now live with yield festival incentives. 🔹
🛡️ NEW BUNDLED COVER LISTED 🛡️ We just unlocked $5.6m of Bundled Cover capacity from @NexusMutual across @MorphoLabs + Morpho Vaults on @base and @ethereum 🦋 More good news: the underlying vaults are also protected, removing the need to purchase multiple covers. Learn more 👇
🛡️ NEW COVER LISTED 🛡️ @beefyfinance Multi Cover is now live on OpenCover 🐮 We just unlocked $1.9m of Beefy Multi Cover capacity from @NexusMutual. The best part? Sub-protocols are covered too, so you’re fully protected with just one cover purchase. Get started 👇
🔔 Weekly industry update 🛡️ OpenCover: 🔹 CoW AMM @CoWSwap is officially available on OpenCover. 🌀 Protocols: 🔹 @GMX_IO proposed an elaborate development plan for GMX v2.2 and v2.3 > gov.gmx.io/t/gmx-v2-2-v2-… 🔹 @compoundfinance launched a $1m bug bounty program on @immunefi.
🛡️ NEW COVER LISTED 🛡️ CoW AMM @CoWSwap is officially available on OpenCover 🚀 Keep your assets safe on CoW AMM with @NexusMutual and streamline cover management. Learn more and find onchain peace of mind 👉 opencover.com/frens/244
OpenCover Partners with vfat.io for Protected DeFi Yields on Base
OpenCover and vfat.io launch a new integration enabling protected DeFi yields on Base network. Users can now secure their positions across Aerodrome, Uniswap, and PancakeSwap pools against: - Protocol hacks - Oracle manipulation - Liquidation failures - Governance attacks Coverage is backed by Nexus Mutual, which has underwritten over $5B in onchain risk. The protection process is streamlined: 1. Visit vf.at and select pool/deposit amount 2. Enable Buy Cover and choose duration 3. Complete deposit *Coinbase One members receive 10% discount with verified wallets*
OpenCover Updates dApp with Enhanced Pricing Display
OpenCover has rolled out a significant update to their dApp's interface, focusing on improved pricing transparency and yield comparison features. - New pricing display system shows real-time cover costs alongside onchain yields - Enhanced interface helps users identify optimal coverage opportunities more efficiently - Builds on previous March update that simplified cover type selection The platform continues to streamline the process of securing onchain portfolio protection. Users can now make more informed decisions by directly comparing coverage costs with potential yields. [Try the new features](https://opencover.com/app/?invite=LNDHR&filter=Protocol+Cover)
Symbiotic Finance Raises $29M Series A Led by Pantera Capital
Key updates from the web3 ecosystem this week: - Symbiotic Finance secured $29M in Series A funding, with Pantera Capital leading the round - Beefy Finance's Multi Protocol Cover expanded to include beS (Beefy Sonic) - Superform launched their Rewards Program - Silo Finance unveiled a redesigned V2 user interface *Context*: Beefy's expansion on Sonic has grown to over $1B TVL since December 2024. The beS token is yield-bearing and automatically staked for rewards.
Beefy Finance Multi Protocol Cover Now Includes beS Token
Beefy Finance has expanded its Multi Protocol Cover to include beS (Beefy Sonic), a yield-bearing token that automatically generates staking rewards. Key updates: - beS token now protected under Multi Protocol Cover - Beefy's TVL on Sonic chain exceeds $1 billion since December 2024 launch - Coverage available directly through Beefy dApp The Multi Protocol Cover, launched in January 2025 with $1.9m capacity from Nexus Mutual, provides comprehensive protection for Beefy's multichain yield optimization platform and its sub-protocols through a single cover purchase. [Learn more about beS](https://docs.beefy.finance/beefy-products/beefy-escrowed-tokens/bes)
OpenCover Launches One-Click Cover Selection and Custody Protection
OpenCover has released a streamlined cover selector interface, simplifying their digital asset protection process. Users can now choose between three coverage types with a single click: - Protocol Cover for smart contract protection - Depeg Cover for stablecoin risks - Custody Cover for centralized exchange risks The new Custody Cover protects against exchange-related incidents including: - Bankruptcy events - Security breaches - Withdrawal freezes Supported exchanges include Coinbase, Kraken, Binance, OKX, Deribit, BitMEX, and Bybit. [Try the new interface](https://opencover.com/app/?invite=LNDHR)