Nexus Mutual

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.

Toros, a platform built on dHedge.org smart contracts, is offering protection for user deposits against smart contract risks through the dHedge Protocol Cover. This cover can be purchased on the Nexus Mutual UI on the Ethereum mainnet or through OpenCover on Layer 2 networks. The dHedge Protocol Cover provides an insurance alternative for cryptocurrency and other digital assets.

Base users can now purchase Arcadia Protocol Cover to protect their deposits against risks such as hacks, exploits, oracle failures, and governance takeovers. Staking pool managers have opened up 1 million DAI in Protocol Cover capacity. The cover is available through the ecosystem partner OpenCover and provides protection on any EVM-compatible network.

Liquid Collective has collaborated with Nexus Mutual to expand the Ethereum slashing protections offered to holders of its liquid staked Ether token, LsETH. This partnership aims to provide LsETH holders with the most comprehensive protection against Ethereum slashing incidents. Liquid Collective highlights this as a key reason for institutions to stake with their platform.

Nexus Mutual has listed several new Bundled Protocol Cover offerings in its user interface, providing protection against smart contract risks across multiple DeFi protocols. These bundled covers safeguard users from potential exploits, hacks, oracle failures, governance attacks, and severe liquidation failures. The covered protocols include Pendle, EigenLayer, Etherfi, Swell, Renzo, KelpDAO, Kwenta, and Synthetix. Users can purchase a single Cover NFT to protect against risks across three associated protocols. Nexus Mutual aims to make DeFi safer by mitigating smart contract risks for users engaging with these platforms.

BraveDeFi has submitted a Request for Comment (RFC) on the governance forum, proposing to include USDC as an asset within the Capital Pool. This would enable the Mutual to offer cover denominated in USDC. Community members are encouraged to review and comment on the proposal.