Background

OpenCover

OpenCover makes it easy and affordable to protect your portfolio against leading onchain risks. Get cover against smart contract hacks, oracle failures and more from vetted onchain underwriters.

Integrationstwitter

Base Pass Upgrade Expands Coverage to 16 Protocols

Thu 20th Mar 2025
The Base Pass has received a significant upgrade, expanding protection coverage to 16 protocols that represent over 80% of Base's TVL. Key updates include: - Monthly protection rate reduced to 0.3% - Integration with Coinbase One perks (10% additional savings) - 7 new supported protocols including Aave v3, CoWSwap, and Uniswap v4 The pass, developed with Nexus Mutual, protects against: - Protocol hacks - Liquidation failures - Oracle manipulation - Governance attacks Claims are typically processed within 5 days. Users can start protecting their portfolio at [opencover.com/basepass](http://opencover.com/basepass)
Community article

OpenCover Announces Special Promotion and Talk at ETHDenver

Mon 3rd Mar 2025
OpenCover is participating in ETHDenver with two major announcements: - **Special Giveaway**: Purchase any cover amount to spin a prize wheel for chances to win ETH, limited edition Ledgers, and Yetis at [opencover.com/spintowin](http://opencover.com/spintowin) - **Educational Talk**: Join their session on 'Onchain Insurance 101' discussing DeFi insurance's role in institutional adoption. [View session details](http://ethdenver.com/sessions/recsFeXqq2XrQcXFj) *Bonus*: New users can get free coverage up to $1,000 through Coinbase One partnership.
Community article

Pendle Multi Cover Now Available on OpenCover

Thu 26th Dec 2024
**OpenCover has launched Pendle Multi Cover**, offering protection for assets on Pendle and its underlying protocols through Nexus Mutual. Key features: - $5.3m cover capacity available - Includes protection for sub-protocols in single purchase - $50+ savings on L1 fees - Streamlined cover management Pendle, with $5.3b TVL, specializes in future yield tokenization and trading through its AMM system. *Visit opencover.com/pendle to secure coverage*
Community article

OpenCover Expands Bundled Coverage for Morpho Labs

Thu 9th Jan 2025
OpenCover has expanded its coverage capacity through Nexus Mutual, now offering $5.6M in bundled protection for Morpho Labs and Morpho Vaults on both Base and Ethereum networks. Key updates: - Increased coverage from previous $1.7M capacity - Protection extends to underlying vaults - Single cover purchase eliminates need for multiple policies - Users save $50+ in gas fees The streamlined solution provides comprehensive protection while simplifying cover management for DeFi users. Visit opencover.com/morphovaults to secure coverage.
Community article

CoW AMM Now Available on OpenCover with $1M Coverage

Mon 2nd Dec 2024
OpenCover has launched protection for CoW AMM positions with $1M in cover capacity from Nexus Mutual, available on both Ethereum and Arbitrum networks. CoW AMM, the first MEV-capturing automated market maker, uses batch auctions to optimize LP returns and eliminate loss-versus-rebalancing issues. Key features: - $1M total coverage capacity - Available on Ethereum and Arbitrum - L2 deployment saves ~$50 in gas fees - Streamlined cover management Visit opencover.com/frens/244 to protect your CoW AMM positions.
Community article

OpenCover Lists Savings crvUSD Coverage with $1.7M Capacity

Thu 12th Dec 2024
OpenCover has added protection for Savings crvUSD, Curve Finance's autocompounding stablecoin module, with $1.7M in coverage capacity from Nexus Mutual. Key features: - Save $50+ in gas fees through L2 deployment - Protection against smart contract risks - Streamlined cover management system Savings crvUSD, launched November 2024, functions as an interest-bearing stablecoin designed to scale the crvUSD ecosystem while offering low-risk returns. Visit opencover.com/frens/241 to secure coverage.
Community article

OpenCover Launches on ProductHunt with Free DeFi Protection Offer

Mon 9th Dec 2024
OpenCover, an onchain insurance alternative provider, has launched on ProductHunt. The platform offers multi-protocol protection across major ecosystems including Ethereum, Arbitrum, Base, Optimism, and Polygon. Key features: - Partnership with NexusMutual - Multi-protocol coverage with single policy - Supports payments in USDC, ETH, cbBTC, DAI, USDT - NFT-based proof of coverage Launch promotion: First 100 users receive 30 days of free coverage up to $10,000 per person, with total protection pool of $1M. The platform aims to protect DeFi assets against hacks, exploits, and protocol failures with streamlined, transparent coverage.
Community article
dudes