Nexus Mutual

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.

NexusMutual, a decentralized insurance platform, has reported a significant growth in its cover fee earnings for the first quarter of 2024. According to the company's Q1 Insights Report, the cover fee earnings reached $550,000, marking a 162% increase compared to the previous quarter. NexusMutual offers an insurance alternative for cryptocurrencies and other digital assets.

Nexus Mutual, a decentralized insurance platform, has announced several new protocol covers and partnerships. Yearn v3 and Yearn Juiced Vaults are now live on OpenCover, allowing users to safeguard their assets on Yearn Finance with Nexus Mutual and save on gas fees. Additionally, Nexus Mutual has listed covers for Velodrome v2, Gearbox v3, and Etherfi Liquid's bundled protocols, enabling users to protect their assets across various DeFi platforms. These new offerings aim to provide users with peace of mind and confidence when earning in DeFi by mitigating smart contract risks.

A new Protocol Cover has been listed for Notional v3, allowing users to earn rewards while providing liquidity, lending in variable and fixed rate markets, and opening leveraged vaults. Protocol Cover offers $857,000 in coverage capacity, providing peace of mind for users interacting with the Notional v3 protocol.

Nexus Mutual, a decentralized alternative to insurance, has highlighted its Protocol Cover offering for popular DeFi protocols like f(x) Protocol, Curve, and Convex. The Protocol Cover aims to protect liquidity providers against hacks and exploits. Nexus Mutual has also shared information about its community in its latest issue.

On Wednesday, BraveDeFi will join ATeamDefi to discuss the recent listing of Protocol Cover on the f(x) Protocol. The discussion will focus on the protections Protocol Cover offers for active DeFi users. Attendees can learn more about the f(x) Protocol and the Protocol Cover listing on Nexus Mutual during the event.