Nexus Mutual

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.

Users earning a high annual percentage yield (APY) in the Swell fixed yield Pendle Ethereum markets are advised to protect their deposits against smart contract risks across the Swell, Pendle, and EigenLayer protocols. A bundled protocol cover offered by EigenLayer, Swell, and Pendle can be purchased on platforms like Nexus Mutual and OpenCover, providing insurance against potential vulnerabilities in these protocols and allowing users to earn yields with peace of mind.

A new bundled protocol cover is now available from Nexus Mutual, providing protection for liquidity providers on the f(x) Protocol, Curve, and Convex platforms. This cover safeguards against potential risks across all three protocols, allowing users to take advantage of yield opportunities while mitigating potential losses.

Tenderly, a prominent company in the Web3 space, has announced the launch of Virtual TestNets, a groundbreaking feature aimed at revolutionizing Web3 development. This innovative offering is expected to significantly enhance the development process for decentralized applications (dApps) and smart contracts. The Virtual TestNets provide a secure and isolated environment for developers to test and iterate their code, streamlining the development lifecycle and reducing the risk of errors or vulnerabilities.

KelpDAO is offering a bundled protocol cover for the rsETH (Zircuit) Fixed Yield market on Pendle. The cover provides protection against smart contract risks for EigenLayer, KelpDAO, Pendle, and the Zircuit staking contract. Users can purchase this cover on Nexus Mutual and OpenCover.

Safe{Core} has announced the development of modular smart accounts, aiming to provide a powerful yet familiar user experience for both new and experienced users in the Web3 space. Their infrastructure is positioned as the ownership layer that Web3 needs to onboard the masses. Safe emphasizes that their solution is designed to be accessible for everyone, potentially serving as an insurance alternative for cryptocurrencies and other digital assets.