Nexus Mutual

Nexus Mutual has updated its Blue Chip Morpho Vaults listing with new markets across multiple networks including Ethereum, Base, Unichain, World Chain, and Corn. Key additions include: - MEV Capital PTs Vault (Ethereum) - OpenEden USDC Vault (Base) - Xlend USDC Vault (Base) - Multiple USDC & WETH vaults on various chains Coverage protects against: - Smart contract hacks - Oracle failures/manipulation - Liquidation failure - Governance attacks Single market coverage quotes available at [nexusmutual.io/contact](https://nexusmutual.io/contact) View full vault listing in the updated [Annex](https://api.nexusmutual.io/ipfs/QmdLGjtKDELJTBjiHjpgKurPZgJn1qkC73m54rM3po3cdv)

DeFi Pulse is organizing an Open Forum focused on critical legal challenges in the crypto space. The session will cover: - Legal gray areas in DeFi protocols - Enforcement 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 legal exposure and compliance strategies. [Join the discussion live](https://www.youtube.com/watch?v=BySsF3LwiQI).

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](https://opencover.com/basepass/)

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!*

International tensions led to a bearish start for crypto this week, with ETH facing additional pressure from decreased L1 activity and fees. Key developments: - SWIFT to trial digital asset transactions with banks in 2025 - Synthetix community approves major governance change - EigenLayer token debuts with $7B valuation - FTX creditors approve reorganization plan - Solana DEX volumes surpass Ethereum again - Japan to review crypto financial regulations Despite the slow start, the DeFi ecosystem continues to evolve with significant governance changes, new token launches, and regulatory developments shaping the landscape.

Nexus Mutual, a decentralized insurance alternative, is preparing to launch Bitcoin-denominated cover options. This development aims to expand their services to cater to the Bitcoin community. Key points: - BTC-denominated cover coming soon to Nexus Mutual - More information available in the Request for Comments (RFC) - RFC discusses onboarding cbBTC as a capital pool asset Interested parties can find detailed information in the RFC posted on the Nexus Mutual forum. This move could potentially provide more diverse insurance options for Bitcoin holders. To learn more, visit the Nexus Mutual forum and review the RFC.

As Return-to-Office (RTO) mandates gain traction in the tech industry, Nexus Mutual stands out by maintaining a fully remote work model. The company's team spans nearly a dozen countries, from the USA to Turkey, offering a global perspective. Key points: - Nexus Mutual remains committed to remote work - Team members are located in almost 12 countries - Global diversity aligns with DeFi principles The company views this approach as a natural extension of its decentralized finance (DeFi) ethos, effectively 'decentralizing' its workforce. This strategy not only provides operational flexibility but also ensures a diverse range of insights from various global markets.

In April 2022, a significant hack targeted TribeDAO and Rari Capital's Fuse Market: - Hackers exploited a money market vulnerability - Damage totaled $80M across various Rari Capital pools - Nexus Mutual stepped in to support affected users: - Paid out over $5M in claims to cover holders - Demonstrated the importance of crypto insurance alternatives This incident highlights the ongoing security challenges in DeFi and the crucial role of protection mechanisms like Nexus Mutual in mitigating risks for users.

Nexus Mutual, the insurance alternative for crypto and beyond, has released its latest edition of The Hedge. This monthly newsletter provides: - Updates on Nexus Mutual's recent developments - Insights into the crypto insurance landscape - Key information for community members and stakeholders Stay informed about: 1. New product offerings 2. Policy changes 3. Community initiatives 4. Market trends **Don't miss out** on crucial updates that could affect your crypto insurance strategy. Read The Hedge to stay ahead in the rapidly evolving world of decentralized finance protection.

On September 18th, Ethena Labs' domain registrar account was compromised, allowing hackers to hijack the UI and prompt users to approve malicious transactions. Key points: - Pocket Universe, a monitoring service, detected and warned users about the scam - Their users were protected from losses due to the detection service - Pocket Universe offers additional security with Transaction Cover from OpenCover, powered by Nexus Mutual - This coverage can reimburse users if a malicious transaction is missed The incident highlights: - DeFi dApps face constant security threats, including non-smart contract vulnerabilities - Wallet providers should consider adopting third-party coverage like OpenCover's Transaction Cover *Protecting against growing threats is crucial for maintaining trust in DeFi platforms.*