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 Automated DeFi Protection on Arbitrum
OpenCover and vfat.io have launched a partnership to provide automated protection for DeFi positions on Arbitrum while users earn yield. The integration covers positions across multiple protocols: - AerodromeFi - VelodromeFi - Uniswap - PancakeSwap Protection is backed by Nexus Mutual, which has covered over $5B in onchain risk. Users can secure coverage directly through [vf.at](http://vf.at) with a simple toggle during deposit. *Special offer: Coinbase One members receive 10% discount with verified wallets.*
Onchain Safety Guide
**Staying safe in web3 requires proactive security measures:** - Use hardware wallets for significant holdings - Enable 2FA on all exchange accounts - Never share private keys or seed phrases - Verify smart contract addresses before interactions - Keep majority of assets in cold storage - Regular security audits of connected apps *Key Protection Tips:* - Create separate hot wallets for daily transactions - Use blockchain explorers to verify transactions - Implement time-locks on large transfers - Monitor wallet permissions regularly Remember: Security isn't a one-time setup but an ongoing practice.
ALEX Lab Exploited for $8.3M in Latest DeFi Hack
Key updates from the DeFi ecosystem this week: - @ALEXLabBTC suffered an $8.3M exploit - @revertfinance launched on OpenCover platform - @LiquityProtocol expanded to multiple platforms including @superformxyz, @eulerfinance, and @spectra_finance - @VelodromeFi achieved a milestone with $1B+ volume across Superchain - @MorphoLabs released V2 of their protocol - @SiloFinance expanded to Arbitrum network - @PancakeSwap launched new Crosschain Swaps feature Visit [OpenCover](https://opencover.com) to protect your DeFi assets.
OpenCover Partners with L1 Advisors for Institutional DeFi Protection
OpenCover and L1 Advisors announce a strategic partnership to provide institutional-grade protection for DeFi investments. The collaboration enables investment managers to secure tokenized portfolios against smart contract hacks and oracle failures while maintaining yield generation. Key features: - Coverage backed by NexusMutual ($5B+ covered) - Protection for hedge-fund strategies and index portfolios - Supports CoinDesk CPUS index sleeves - Maintains yield flow during coverage period The partnership aims to scale institutional DeFi adoption by addressing key risk barriers. Learn more at [OpenCover Institutional](https://opencover.com/institutional)
OpenCover Alpha June 2025 Update
OpenCover has announced significant developments in their June 2025 update: - Launch of 8 new protocols for coverage - Expansion of vfat Multi Protocol capabilities - Preparations underway for EthCC participation This follows May's achievements including their vfat partnership and InnerCircle launch, which helped secure over $200M in coverage through Request. [Read the full update](https://opencover.substack.com/p/opencover-alpha-june-2025)