🛡️ Keeping you safe onchain 🛡️ Backed by @Alliance, @CoinBase Ventures @Base Ecosystem Fund, @Jump_, @NFX, @OrangeDAOxyz, @InnovateUK and @LloydsofLondon Lab
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Joined March 2021
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Heading to @Blockworks DAS London?
Get your first networking session in before the doors open 👟
Cover the Distance 5K: a run around Hyde Park, coffee on us, and a five-minute walk to the venue at Hilton Park Lane.
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📍 Meet at ARRO, 45 Curzon Street, Mayfair
⏰ November 11, 07:30
Register for Cover the Distance 5K → luma.com/gh66ltup
October was a record month for @NexusMutual, with $65.3M in cover purchased, up from $60.1M in September. A quarter of October’s purchases came through our Covered Vaults.
Strong partnerships make a stronger onchain protection ecosystem. Glad to be building alongside Nexus Mutual.
What's Covered: a monthly look at the Nexus Mutual book plus trends and yields in DeFi
October was a record month for crypto losses and a busy one for Nexus Mutual
$6.5B was lost across 50 incidents, with a record $6.36B taken from Binance's hot wallets. Centralized exchanges have become a favorite target, which makes Custody Cover more important than ever.
Members bought $65.3M of cover, up from $60.1M in September. A quarter of the month's purchases came through @OpenCover Covered Vaults, and @OriginProtocol's WETH and sUSDe ARMs joined as Vault Cover listings.
Yields firmed, and so did the leverage behind them
USDC on @aave's Ethereum market went from 3.3% to 4.2%, @base jumped to 6.7%, and borrowing against bitcoin on @Morpho's Base market passed a record $1.6B. Thin carry on growing leverage is exactly what Leveraged Liquidation Cover is written for.
Full October issue of What's Covered below
There is no such thing as too big to fail.
However, there is @NexusMutual Custody Cover when the worst hits.
Debrief on yesterday's @binance incident ⤵️
How did the largest heist in history go down?
Read our incident report for a detailed breakdown:
- How the attack unfolded
- How the damage spread
- How Binance and others responded
- What should have been different
- and whether it's covered...
Incident Report: nexusmutual.io/blog/binance-…
Starting DAS on the right foot 👟
On November 11, join builders, allocators, and operators for a 5K around Hyde Park before @Blockworks DAS, with coffee after.
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📍 Meet at ARRO, 45 Curzon Street, Mayfair
⏰ November 11, 07:30
Register for Cover the Distance 5K → luma.com/gh66ltup
OpenCover was selected as one of the independent Sentinels for Safenet, @safe’s new transaction security network, now live on Safe Pro.
Our goal: help bring transaction cover into Safe and beyond.
📣 Safenet is now live in Safe Pro!
All @Safe Pro users can now add Safenet checks to transactions before they execute.
Four independent Sentinels check each transaction against the Safenet Charter and post a bond with every verdict: @OpenCover @BlockSecTeam @candidelabs @IntentGuard
Four validators combine those verdicts into one onchain attestation your Safe can read: Core Contributors, @gnosis_ @greenfield_cap @SafeLabs_
Decentralised security for multisigs 🔰
Rolling out to all Safe{Wallet} users next.
Learn more safenet.xyz.
Get Pro: safe.global/pro
2026 is the year to upgrade your onchain risk management.
OpenCover offers cover for your assets, protecting you in case of exploits, depegs, and more.
We pay out quickly, provide A+ service, and make sure our customers are protected.
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Safenet is live 🔥
OpenCover joins @BlockSecTeam, @candide_labs and @IntentGuard as an independent Sentinel, assessing @Safe transactions before execution, with every verdict bonded and attested onchain.
📣 Safenet is now live in Safe Pro!
All @Safe Pro users can now add Safenet checks to transactions before they execute.
Four independent Sentinels check each transaction against the Safenet Charter and post a bond with every verdict: @OpenCover @BlockSecTeam @candidelabs @IntentGuard
Four validators combine those verdicts into one onchain attestation your Safe can read: Core Contributors, @gnosis_ @greenfield_cap @SafeLabs_
Decentralised security for multisigs 🔰
Rolling out to all Safe{Wallet} users next.
Learn more safenet.xyz.
Get Pro: safe.global/pro
🛡️ COVERED VAULTS SPOTLIGHT
The Covered @maplefinance SyrupUSDT vault is currently yielding 3.91% APY on @Ethereum.
Onchain yield with built-in protection, underwritten by @NexusMutual.
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SyrupUSDT Covered Yield Breakdown:
@maplefinance APY (variable) → 5.20%
Cover fee (fixed) → 1.29%
Net Covered APY → 3.91%
opencover.com/vaults
KPK USDC Yield Covered Yield Breakdown:
@Morpho APY (variable) → 7.44%
Cover fee (fixed) → 0.85%
Net Covered APY → 6.59%
opencover.com/vaults/kpk
🛡️ Selected as a Sentinel for Safenet Aegis, alongside leading security and risk assessment teams.
OpenCover is helping bring transaction cover into @safe, with more to come.
Safenet Aegis is now live on @ethereum, @arbitrum, and @gnosischain.
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🔊 Introducing Safenet Aegis: the first production-ready and fee-generating release of Safenet, secured by $SAFE.
Safenet is a decentralized security protocol for self-custody.
💲 A user submits a transaction to Safenet for a small fee.
👓 Sentinels @OpenCover, @BlockSecTeam, @candidelabs, and @IntentGuard check every transaction and are accountable for their verdicts.
✅ Validators @gnosis_, @greenfield_cap, @SafeLabs_, and Core Contributors attest the verdict onchain.
💂 A formally verified Safenet Guard can enforce the attestation, back on the user @safe , defending against threats.
Safenet is live on @ethereum @arbitrum and @gnosischain and is coming soon to @SafeLabs_ multisigs.
📄 Read more: safefoundation.org/blog/safe…
🌐 Website: safenet.xyz
👟 In London for @Blockworks DAS? Join us for a morning run before the conference on November 11.
After Cannes during EthCC, Cover the Distance comes to Hyde Park: a 5K with builders, allocators and operators, followed by coffee and conversation.
↓
📍 Meet at ARRO, 45 Curzon Street, Mayfair
⏰ November 11, 07:30
Register for Cover the Distance 5K → luma.com/gh66ltup
Now live: protected yield on @unflatfinance.
The European yield app has launched with OpenCover built in: one switch enables onchain cover, underwritten by @NexusMutual.
No separate purchase or additional workflow, and rates are shown net of the cover cost.
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Cover protects against technical and economic risks, including smart contract exploits, oracle failure or manipulation, liquidation failures, and governance attacks.
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