OpenCover

OpenCover and vfat.io have launched a partnership to provide automated protection for DeFi positions on Arbitrum while users earn yield. The integration covers positions across multiple protocols: - AerodromeFi - VelodromeFi - Uniswap - PancakeSwap Protection is backed by Nexus Mutual, which has covered over $5B in onchain risk. Users can secure coverage directly through [vf.at](http://vf.at) with a simple toggle during deposit. *Special offer: Coinbase One members receive 10% discount with verified wallets.*

**Staying safe in web3 requires proactive security measures:** - Use hardware wallets for significant holdings - Enable 2FA on all exchange accounts - Never share private keys or seed phrases - Verify smart contract addresses before interactions - Keep majority of assets in cold storage - Regular security audits of connected apps *Key Protection Tips:* - Create separate hot wallets for daily transactions - Use blockchain explorers to verify transactions - Implement time-locks on large transfers - Monitor wallet permissions regularly Remember: Security isn't a one-time setup but an ongoing practice.

Key updates from the DeFi ecosystem this week: - @ALEXLabBTC suffered an $8.3M exploit - @revertfinance launched on OpenCover platform - @LiquityProtocol expanded to multiple platforms including @superformxyz, @eulerfinance, and @spectra_finance - @VelodromeFi achieved a milestone with $1B+ volume across Superchain - @MorphoLabs released V2 of their protocol - @SiloFinance expanded to Arbitrum network - @PancakeSwap launched new Crosschain Swaps feature Visit [OpenCover](https://opencover.com) to protect your DeFi assets.

OpenCover and L1 Advisors announce a strategic partnership to provide institutional-grade protection for DeFi investments. The collaboration enables investment managers to secure tokenized portfolios against smart contract hacks and oracle failures while maintaining yield generation. Key features: - Coverage backed by NexusMutual ($5B+ covered) - Protection for hedge-fund strategies and index portfolios - Supports CoinDesk CPUS index sleeves - Maintains yield flow during coverage period The partnership aims to scale institutional DeFi adoption by addressing key risk barriers. Learn more at [OpenCover Institutional](https://opencover.com/institutional)

OpenCover has announced significant developments in their June 2025 update: - Launch of 8 new protocols for coverage - Expansion of vfat Multi Protocol capabilities - Preparations underway for EthCC participation This follows May's achievements including their vfat partnership and InnerCircle launch, which helped secure over $200M in coverage through Request. [Read the full update](https://opencover.substack.com/p/opencover-alpha-june-2025)

VFAT.io has expanded its DeFi coverage options to include Uniswap v4 pools. Users can now secure protection while yield farming across an expanded range of liquidity pools. Key features: - Protection against protocol hacks, oracle manipulation, liquidation failures, and governance attacks - Underwritten by Nexus Mutual (>$5B covered) - Available on Base network for Aerodrome, Uniswap, and PancakeSwap pools *10% discount available for verified Coinbase One members* Get started at [vf.at](http://vf.at)

Key DeFi protocol updates for the week: - Cork Protocol now available on OpenCover platform - Morpho Labs launches Morpho Lite with streamlined Earn and Borrow features - Arcadia Finance reports 47% month-over-month TVL growth in April - **Euler Finance achieves significant milestone**, surpassing $1.5B in Total Value Locked These developments signal continued growth in DeFi infrastructure and user adoption across multiple protocols.

OpenCover and vfat.io launch a new integration enabling protected DeFi yields on Base network. Users can now secure their positions across Aerodrome, Uniswap, and PancakeSwap pools against: - Protocol hacks - Oracle manipulation - Liquidation failures - Governance attacks Coverage is backed by Nexus Mutual, which has underwritten over $5B in onchain risk. The protection process is streamlined: 1. Visit vf.at and select pool/deposit amount 2. Enable Buy Cover and choose duration 3. Complete deposit *Coinbase One members receive 10% discount with verified wallets*

Beefy Finance has expanded its Multi Protocol Cover to include beS (Beefy Sonic), a yield-bearing token that automatically generates staking rewards. Key updates: - beS token now protected under Multi Protocol Cover - Beefy's TVL on Sonic chain exceeds $1 billion since December 2024 launch - Coverage available directly through Beefy dApp The Multi Protocol Cover, launched in January 2025 with $1.9m capacity from Nexus Mutual, provides comprehensive protection for Beefy's multichain yield optimization platform and its sub-protocols through a single cover purchase. [Learn more about beS](https://docs.beefy.finance/beefy-products/beefy-escrowed-tokens/bes)

OpenCover has released a streamlined cover selector interface, simplifying their digital asset protection process. Users can now choose between three coverage types with a single click: - Protocol Cover for smart contract protection - Depeg Cover for stablecoin risks - Custody Cover for centralized exchange risks The new Custody Cover protects against exchange-related incidents including: - Bankruptcy events - Security breaches - Withdrawal freezes Supported exchanges include Coinbase, Kraken, Binance, OKX, Deribit, BitMEX, and Bybit. [Try the new interface](https://opencover.com/app/?invite=LNDHR)