Nexus Mutual

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.

Nexus Mutual, a decentralized insurance platform, has announced that users can purchase insurance to secure their lent funds on the Gearbox lending protocol. Despite the high annual percentage yields (APYs) offered by Gearbox, users can still enjoy over 20% APYs passively after purchasing insurance from Nexus Mutual. This insurance option provides an additional layer of security for lenders on the Gearbox platform.

NexusMutual has announced the launch of Notional V3 on the Ethereum mainnet. Notional V3 is an insurance alternative platform for cryptocurrency and other digital assets, providing coverage against various risks and potential losses. The platform aims to offer a community-driven approach to risk management in the decentralized finance (DeFi) space.

Pendle Finance is offering ezETH holders the opportunity to earn a double-digit fixed annual percentage yield (APY) by depositing their ezETH in Pendle's Fixed Yield market. Additionally, users can protect their PT-ezETH (the tokenized representation of their deposited ezETH) against the biggest risks in DeFi by purchasing Pendle Protocol Cover. This cover can be acquired through the Nexus Mutual UI or OpenCover on Base, Arbitrum, or Optimism.

Yearn has partnered with Ajna to offer bundled protocol cover for users depositing into Yearn Juiced Vaults. This cover protects against smart contract risks across both the Yearn and Ajna protocols, including hacks/exploits, severe liquidation failures, and governance attacks. Users can purchase this bundled cover through the Nexus Mutual user interface.

BraveNewDeFi will host an interview with Justin Leroux, CEO of GridPlus, a company developing secure hardware for cryptocurrencies and digital assets. The discussion will focus on safely self-custodying crypto assets, risks of on-chain transactions, wallet security, spotting phishing scams, malicious transactions, and blind signing attacks. One GridPlus Lattice1 device will be given away at the end of the event.