Nexus Mutual

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.*

Nexus Mutual has launched Protocol Cover for Curve LlamaLend, offering protection against smart contract risks. Users depositing collateral into LlamaLend can now purchase cover through Nexus Mutual on Ethereum mainnet or OpenCover on L2s. The coverage protects against losses due to smart contract hacks, oracle failures, severe liquidation issues, and governance attacks. This addition continues Nexus Mutual's recent trend of expanding coverage options, following similar launches for protocols like Spectra Finance and Credit Guild.

Nexus Mutual has announced the availability of Protocol Cover for Moonwell DeFi, the largest on-chain lending market on the Base network. This new offering provides protection for borrowers and lenders against various on-chain risks, including smart contract hacks, oracle failures, severe liquidation issues, and governance attacks. Users can purchase coverage through the Nexus Mutual interface on Ethereum or via OpenCover on the Base network. This development aims to enhance security for participants in the Moonwell DeFi ecosystem.

Nexus Mutual has announced several new developments in its decentralized insurance offerings. The Bedrock Fixed Yield Market on Pendle has been listed on the Nexus Mutual UI, allowing users to protect their uniETH positions against smart contract risks across the EigenLayer, Bedrock, and Pendle protocols. Additionally, the sUSDe Karak Network Fixed Yield Market on Pendle has been listed, providing coverage for sUSDe positions against smart contract risks in Karak, Pendle, and the USDe staking contract. Nexus Mutual has also introduced support for USDC-denominated cover, enabling users to purchase cover using USDC as the preferred payment asset in case of a loss. Furthermore, Nexus Mutual is working on developing new cover products, such as Depeg Cover, to protect users against events like a DAI or sUSDe depeg.

Beefy Finance has launched Cowcentrated Liquidity, a new liquidity management solution. Bundled Protocol Cover is now available for Beefy's Cowcentrated Liquidity Manager (CLM) on all EVM-compatible networks, providing protection for users. Additionally, Instadapp has deployed its Fluid protocol on Arbitrum, with Protocol Cover available to protect deposits in Fluid across EVM networks.

Pendle Protocol is offering bundled protocol cover to protect users' investments in various DeFi protocols against smart contract risks such as hacks and exploits. The cover provides coverage across multiple protocols, including EigenLayer, KelpDAO, Pendle, Zircuit staking contracts, and others. Users can purchase the bundled protocol cover on platforms like Nexus Mutual and OpenCover. The cover aims to provide peace of mind for users earning high yields in DeFi by safeguarding their deposits against potential risks.