OpenCover @OpenCover Twitter profile

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OpenCover

8 months

🔥 OpenCover is in Time Square today 🔥 Blockchain is steadily entering the mainstream BUT onchain safety remains one of the fundamental bottlenecks to adoption. We could not be more excited to bring insurance onchain to protect you against technical, economic and cyber risks.

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OpenCover

@OpenCover

1 year

📣 LAUNCH ANNOUNCEMENT 🔵 OpenCover is now live on @BuildOnBase 🛡️ That's $200m+ of underwriting capital from @NexusMutual publicly accessible on L2 for the first time. See why this is a breakthrough for onchain safety and get your first cover free (up to $100k) 👇🏻👇🏼👇🏽👇🏾👇🏿

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OpenCover

@OpenCover

2 years

🚨Your keys, your coins — your risk. Last week, the Euler hack proved that DeFi safety remains a critical issue. Since the UST depeg, our team has helped DeFi users recover $1,000,000+ through DeFi insurance alternatives. Today, we’re excited to share what we’ve learned 🧵👇

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OpenCover

@OpenCover

1 year

🚨 Security incident @Platypusdefi on #Avalanche was exploited, with losses exceeding $2 m. As a response, the project has temporarily halted all liquidity pools. #onchain #risk #hack #web3 Source:

The Block

@TheBlock__

1 year

ICYMI: Platypus Finance suffers more than $2 million exploit on Avalanche: PeckShield

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OpenCover

@OpenCover

1 year

The #DeFi cover industry is rapidly expanding, but how big is it exactly? Our research indicates at least 23 active players in the space operating fully on-chain or as off-chain regulated entities. Full report 👇

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OpenCover

@OpenCover

1 year

📣 Product Update We've just integrated @unoreinsure as a cover provider on 🎉 You can now track TVL, Active Cover Amount, Covers sold, Claims and payouts for UnoRe across Ethereum and the BNB Smart Chain

OpenCover - Keeping you safe onchain

Cover $5,000 from $2 per week on leading protocols including Curve, Uniswap, Aave and more. As seen on CoinDesk, Decrypt, The Block, Cointelegraph.

opencover.com

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OpenCover

@OpenCover

1 year

🔵 UPDATE 🔵 We are excited to share that OpenCover is one of the first 6 investments of the @BuildOnBase Ecosystem Fund together with superstars @avantisfinance @paragraph_xyz @truflation @bsx_labs and @OnboardWallet 🙌 Great things ahead 🚀

Base Ecosystem Fund announces first six investments

TL;DR: The Base Ecosystem Fund, led by Coinbase Ventures, aims to invest in the next generation of onchain projects building on Base. We received over 800 applications for our Base Ecosystem Fund,...

base.mirror.xyz

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OpenCover

@OpenCover

1 year

🚨 Tired of DeFi hacks? So are we. We're making $250+ million of underwriting capital from @NexusMutual available on L2 to help folks get covered affordably. Join the waitlist for priority access👇 (or learn how to skip it 🤫)

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OpenCover

@OpenCover

11 months

📣 LAUNCH ANNOUNCEMENT 💙🧡 OpenCover is now live on @arbitrum ! Explore the future of onchain-native insurance with $200m+ in underwriting capital from @NexusMutual , available on L2. Arbinauts, get your first cover for free (up to $100k). 👇

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OpenCover

@OpenCover

1 year

🛡️ NEW COVER LISTED 🛡️ @DefiEdge just launched on OpenCover! You can now protect your assets with @NexusMutual on @optimismFND , @BuildOnBase , @arbitrum and @ethereum . Protect $1,000 from just $1,40 per week - and your first cover is on us. 👉

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OpenCover

@OpenCover

11 months

🛡️ Safety nets quietly strengthening.

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OpenCover

@OpenCover

1 year

We're #hiring a Growth Lead 📈 Join us in democratizing onchain safety at scale 👇

Jeremiah Smith 🛡️🍊

@itsJeremiahS

1 year

📣 We're #hiring Want to help write one of the most important chapters of crypto history? @OpenCoverDeFi is making onchain safety accessible to all. Join us 👇🏻👇🏼 👇🏽👇🏾👇🏿

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OpenCover

@OpenCover

1 year

Empowering DeFi investors with expert-backed security🛡️ Opencover's founder and CEO @itsJeremiahS emphasizes the industry surplus, validating @Quantstamp 's game-changing approach in the latest @Blockworks_ piece.

Blockworks

@Blockworks_

1 year

NEWS: Quantstamp is piloting a protection program for DeFi hacks — though past similar programs have seen mixed success

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OpenCover

@OpenCover

1 year

📣 PRODUCT UPDATE 🔴 OpenCover is now open to all on @optimismFND 🛡️ That's $200m+ of underwriting capital from @NexusMutual publicly accessible on L2 for the first time. See why this is a breakthrough for onchain safety and get your first cover free (up to $100k) 👇🏻👇🏼👇🏽👇🏾👇🏿

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OpenCover

@OpenCover

1 year

Join @itsJeremiahS and @NexusMutual this Friday on @Th3Optimist 𝕏 spaces to talk all things onchain cover (insurance) - Underused onchain cover capital post-billion-dollar hacks - Bringing covers to L2 - Product plans for 23-24 📆 Oct 27 🔔 12:00 PM CET

The Optimist

@Th3Optimist

1 year

After revealing @OpenCoverDeFi as our 1st guest tomorrow, we are now happy to finally lift the curtain about the 2nd guest: Welcome @NexusMutual who will join Friday live to talk about Onchain Cover (=insurance) in #DeFi 👇 Link to access the space here below

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OpenCover

@OpenCover

2 years

90% of current industry activity comes from 9 cover providers (measured by amount of underwriting capital). @NexusMutual @UnslashedF @InsurAce_io @riskharbor @sherlockdefi @chainproof @EaseDeFi @neptunemutual @insuredao

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OpenCover

@OpenCover

2 years

DeFi cover is an alternative to insurance to protect against DeFi-native risks, such as bugs in smart contracts. Traditional insurance providers don't offer protection against these risks due to their novelty and complexity. There are 23+ teams actively building in the space.

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OpenCover

@OpenCover

1 year

🦋 🦋 We're launching a top 20 Ethereum protocol on OpenCover this week — can you guess which? 🦋 🦋 🦋

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OpenCover

@OpenCover

1 year

⚡️ NEW PARTNER PERK ⚡️ 🏦 @RequestFinance business users now get their first cover for free! Already on Request 👉 Head to Partners and Perks on your account homepage Not on Request yet? 👇

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OpenCover

@OpenCover

2 years

We're thrilled to join forces with @ChainstackHQ 🤝 We'll continue to make #DeFi cover data, education, and industry insights accessible for all 📊📚 Learn how to protect your assets at

Chainstack 💙🛠️

@ChainstackHQ

2 years

Introducing our newest partner @OpenCoverDeFi 🛡️, the #1 source for DeFi cover data, news and insights. 📈 With over 91.7% coverage of DeFi cover activity by TVL across multiple networks. Make #DeFi safe & accessible to all with their latest insights 😎

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OpenCover

@OpenCover

1 year

🛡️ NEW COVER LISTED 🛡️ 🦋 @MorphoLabs is now live on OpenCover. Protect your Morpho positions with @NexusMutual without paying any L1 fees. Learn more and get your first cover free (up to $100,000 protected) 👇 (1/3)

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OpenCover

@OpenCover

1 year

Want to know what onchain peace of mind feels like? Your first cover is on us up to $100k in coverage ✌️ 👇🏻👇🏼👇🏽👇🏾👇🏿

OpenCover - Keeping you safe onchain

Cover $5,000 from $2 per week on leading protocols including Curve, Uniswap, Aave and more. As seen on CoinDesk, Decrypt, The Block, Cointelegraph.

opencover.com

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OpenCover

@OpenCover

2 years

We've compiled 9 months of onchain data and insights from insiders at the forefront of DeFi cover (DeFi insurance alternatives). Full industry report (ungated): Key takeaways 👇

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OpenCover

@OpenCover

1 year

🔔 🄵🅁🄸🄳🄰🅈 industry update 🔔 🚨 Hacks: > @Safereum2 drained users of $1.3m > @coinsph lost over $6m due to exploit > Maestro (Telegram "trading" bot) contract exploit - $500K stolen

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OpenCover

@OpenCover

1 year

Who are the main players in #DeFi #cover industry? 90% of current industry activity comes from 9 cover providers (measured by the amount of underwriting capital). @NexusMutual @UnslashedF @InsurAce_io @riskharbor @sherlockdefi @ChainproofDAI @EaseDeFi @neptunemutual @insuredao

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OpenCover

@OpenCover

2 years

Since inception, DeFi users have suffered losses in excess of $6 billion due to technical and governance exploits according ( @DefiLlama ). That's not counting economic failures such as stablecoin depegs.

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OpenCover

@OpenCover

1 year

What does this mean for end users? You can now leverage leading protocols including @AaveAave , @CurveFinance , @Uniswap and @MorphoLabs without having to worry about smart contract hacks or economic events outside intended protocol operation e.g. oracle failure, governance attack

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OpenCover

@OpenCover

2 years

The associated total Active Cover Amount stands at $213m (123 ETH) — around ~0.5% of DeFi's TVL. This represents a 44% decrease in active cover amount compared to the nine-month maximum, despite multiple $100m+ exploits in the same period.

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OpenCover

@OpenCover

2 years

Onchain data indicates larger cover sizes purchased on Layer 1 vs lower-cost chains. For instance, in 2022, @NexusMutual median and mean cover sizes were ~$100,000 and ~$750,000 on @Ethereum while @InsurAce_io saw a median cover size ~$10,000 on @0xPolygon and @BNBCHAIN .

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OpenCover

@OpenCover

2 years

There are different types of cover (e.g. Protocol Cover, Yield Token Cover, Audit Cover) targetting retail and protocols/B2B use cases. Notably, many of DeFi cover providers are protocols themselves with new regulated players starting to emerge.

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OpenCover

@OpenCover

2 years

OpenCover currently tracks underwriting capital pools collectively worth $291m (~167k ETH), a 26% decrease from the nine-month maximum. Here is the split of underwriting capital between providers:

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OpenCover

@OpenCover

1 year

Today we're excited to publicly launch the first L2 cover aggregator on @BuildOnBase to increase onchain safety. 🛡️ Cover is powered by @NexusMutual , the industry leader by TVL with over $200m of underwriting capital. ✅ Cover is valid on L2 AND L1. 🚀 10 protocols supported.

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OpenCover

@OpenCover

1 year

Onchain cover, the onchain-native alternative to insurance, is the ultimate safety net against protocol failures. But adoption is still low (~25k policies sold all time) — despite onchain safety still being an open problem with $230m+ exploited just last month @DefiLlama

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OpenCover

@OpenCover

1 year

🛠️⚙️ We keep #BUIDLing through the bear market. Q4 roadmap highlights: 1️⃣ Expand to all major L2s 2️⃣ Grow the list of covered #Defi protocols and Dapps 3️⃣ Community revamp - guides, quests and more perks for our frens! Psst. Get your first cover for free on our website💫

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OpenCover

@OpenCover

2 years

We’ve teamed up with @DeFiSafety to help democratize DeFi cover. Our first @NexusMutual v2 staking pool is live🚀 The Blue Chip Protocol Pool is a low-risk volume-focused pool with the most rigorously tested protocols, priced to encourage wider adoption. Keep an👀 on this space

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OpenCover

@OpenCover

1 year

Why is cover adoption so low? 1) Most of the underwriting capital is on L1 while onchain usage is shifting to L2 @l2beat 2) Distribution is still a challenge: many onchain users do not know about their onchain risk mitigation options. Our mission is to change this.

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OpenCover

@OpenCover

2 years

Beyond sound private key management practices (e.g. hardware wallets) and transaction security tools (e.g. transaction simulators), DeFi cover remains the primary solution to DeFi safety. Want to stay safe while exploring DeFi? Check out @OpenCoverDeFi

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OpenCover

@OpenCover

1 year

Worried about #DeFi hacks? We have you covered on @beefyfinance , @AngleProtocol , @safe and @synthetix_io , and more. Protect your funds against against events such as smart contract hacks, oracle manipulation, and governance attacks. Your first cover is on us (up to $100k).

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OpenCover

@OpenCover

2 years

Special thanks to @humanjets for covering us on @TheBlock__ today 💙

More than 90% of all-time DeFi insurance payout value was in 2022: OpenCover

2022 provided a significant stress test for the DeFi cover industry, paying out $34.4 million worth of claims.

www.theblock.co

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OpenCover

@OpenCover

1 year

🌎 Ecosystem update @InsurAce_io launched Bridge Cover in collaboration with @lifiprotocol for protection from loss of funds during cross-chain transactions. More info 👇

InsurAce - DeFi Insurance

@InsurAce_io

1 year

🎉Exciting news! InsurAce and @lifiprotocol have joined forces to launch a revolutionary insurance product called 🤝Bridge Cover! 🧵A thread👇

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OpenCover

@OpenCover

2 years

For 2023, DeFi cover founders & builders are most excited about risk marketplaces, scaling capacity and tying links with traditional insurance. These advances will likely be key to grow institutional adoption as the lack of insurance is often cited as a key barrier to adoption.

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OpenCover

@OpenCover

2 years

Notably, 2022 marked the industry’s first large-scale stress test with $34.4m in claims paid out (out of $ 36.9m all-time tracked pre-Euler hack). i.e. 90% of all payouts in the industry occurred in the last 12 months, mainly driven by the UST depeg and FTX payouts.

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OpenCover

@OpenCover

11 months

We will be live in a couple of hours together with @NexusMutual and @DefiEdge , tune in 👇

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OpenCover

@OpenCover

2 years

Want to help others stay safe when exploring DeFi? Help spread the word by giving the first post a retweet👇

OpenCover

@OpenCover

2 years

🚨Your keys, your coins — your risk. Last week, the Euler hack proved that DeFi safety remains a critical issue. Since the UST depeg, our team has helped DeFi users recover $1,000,000+ through DeFi insurance alternatives. Today, we’re excited to share what we’ve learned 🧵👇

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OpenCover

@OpenCover

2 years

BREAKING: Nexus Mutual V2 is now live on Mainnet 🚀

Nexus Mutual

@NexusMutual

2 years

Nexus Mutual V2 is live on Ethereum mainnnet 🥳 "Businesses can now build on top of the Nexus Mutual protocol to share any risk–not just crypto-related risks. To me, this is what DeFi is all about–providing access to those who truly need it." @HughKarp

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OpenCover

@OpenCover

1 year

Couldn't make @summit_defi last weekend? Watch OpenCover founder and CEO @itsJeremiahS 's talk about The State of DeFi Insurance in 2023👇 👀

DeFi Security Summit - July 16th, 2023

null

www.youtube.com

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OpenCover

@OpenCover

2 years

Following dramatic 2022 #CeFi events, self-custody and #DeFi emerged as the ultimate solution for a safer #digital #asset ecosystem. With a record $3B lost to DeFi #exploits last year, security will prove to be the fundamental bottleneck. Full report 👇

The State of DeFi Insurance Alternatives (DeFi Cover) 2023

Following the dramatic CeFi events of 2022, self-custody and DeFi emerged as the ultimate solution for a safer digital asset ecosystem. However, DeFi safety remains the fundamental challenge to wider...

opencover.com

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OpenCover

@OpenCover

1 year

👀 Watch our co-founder and CEO @itsJeremiahS talk about the state of DeFi insurance at @summit_defi 🛡️

Defi Security Summit

@summit_defi

1 year

The morning of DSS 2023 day 2 continues with @itsJeremiahS analyzing the state of DeFi insurance 2023 Watch it live

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OpenCover

@OpenCover

1 year

What does this mean for end users? You can now leverage leading protocols including @AaveAave , @CurveFinance , @Uniswap and @MorphoLabs without having to worry about smart contract hacks or economic events outside intended protocol operation e.g. oracle failure, governance attack

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OpenCover

@OpenCover

1 year

🌎 Ecosystem update In response to new FCA regulation regarding firms marketing #crypto assets to UK customers, @Bybit will suspend its services in the United Kingdom starting Oct 1. #DeFi #Web3 #cryptonews Source:

Cointelegraph

@Cointelegraph

1 year

Citing regulatory changes in the United Kingdom, Bybit will be winding down its services in the region.

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OpenCover

@OpenCover

1 year

🚨 Tired of DeFi hacks? So are we. We're making $250 million of underwriting capital from @NexusMutual available on @OptimismFND to help folks get protected affordably. 🔴 Use code OPFRENS for priority access + get your first cover free up to $100,000👇

OpenCover - DeFi hack protection made easy

Cover $5,000 from $1.14 per week on leading protocols including Curve, Uniswap, Aave and more. As seen on Decrypt, The Block, Coin Telegraph.

pro-secure.typeform.com

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OpenCover

@OpenCover

1 year

URL correction:

The State of DeFi Insurance Alternatives (DeFi Cover) 2023

Following the dramatic CeFi events of 2022, self-custody and DeFi emerged as the ultimate solution for a safer digital asset ecosystem. However, DeFi safety remains the fundamental challenge to wider...

opencover.com

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OpenCover

@OpenCover

1 year

🚨 Security incident Police in China have arrested 21 suspects of a #Tether money laundering scheme. The perpetrators allegedly purchased discounted #USDT through over-the-counter #crypto trading services and sold them at inflated prices over WeChat, generating about $54m over

Decrypt

@decryptmedia

1 year

Police in China have arrested 21 accused of running a $54 million money laundering scheme using the $USDT stablecoin.

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OpenCover

@OpenCover

1 year

@jessepollak @BuildOnBase @NexusMutual It's an honour ser 🫡 Great things ahead 🔵🟡

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OpenCover

@OpenCover

1 year

Curious about #DeFi #insurance ? Here are the key takeaways from OpenCover CEO @itsJeremiahS ’s talk at @summit_defi . 🧵

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OpenCover

@OpenCover

3 years

@RyanSAdams @mstable_ @iearnfinance @BalancerLabs @TokenReactor @ribbonfinance @rubicondefi @Barn_Bridge @arbitrum @maplefinance @RariCapital Most certainly @mstable_

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OpenCover

@OpenCover

11 months

What does it mean for you? You can now use top protocols like @AaveAave , @CurveFinance , @beefyfinance and @Uniswap on @arbitrum without stressing about hacks or unexpected issues like oracle problems or governance attacks. It's safer and simpler! 👇

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OpenCover

@OpenCover

2 years

"Both retail users and institutions require safety nets like they enjoy in #TradFi to be comfortable participating in on-chain markets. This is a huge opportunity for the wider #DeFi #cover space." @HughKarp @NexusMutual More insights in our report 👇

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OpenCover

@OpenCover

1 year

🌎 Ecosystem update @NexusMutual has partnered with Figment to offer protection against #slashing on #Ethereum . #defi #CryptoNews Source:

Nexus Mutual

@NexusMutual

1 year

Many customers want the option to secure their staked ETH with an extra layer of protection—that's why Figment worked with Nexus Mutual to offer ETH Slashing Cover to their customers. Read The Block's recent article to learn more:

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OpenCover

@OpenCover

1 year

🌎 Ecosystem update #DeFi stablecoin protocol @reserveprotocol has just launched on @BuildonBase . #Web3 #cryptonews Source:

The Block

@TheBlock__

1 year

Reserve expands stablecoin protocol to Coinbase's Base network

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OpenCover

@OpenCover

1 year

Want to know what onchain peace of mind feels like? Your first cover is on us up to $100k in coverage ✌️ 👇🏻👇🏼👇🏽👇🏾👇🏿

OpenCover - Keeping you safe onchain

Cover $5,000 from $2 per week on leading protocols including Curve, Uniswap, Aave and more. As seen on CoinDesk, Decrypt, The Block, Cointelegraph.

opencover.com

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OpenCover

@OpenCover

1 year

🚨 Security incident There has been an exit #scam on Ordinals Finance, resulting in a loss of $1 million. All social media accounts and the project's website have been deleted. #rugpull #cryptonews Source:

CertiK Alert

@CertiKAlert

1 year

#CertiKSkynetAlert 🚨 We can confirm that the @ordinalsfinance exit scam has resulted in a loss of $1 million. All social media accounts have been deleted as well as the project's website. Funds have been consolidated into EOA 0x34e…25cCF

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OpenCover

@OpenCover

2 years

📘 The State of DeFi Insurance Alternatives (DeFi Cover) 2023 Read and discover: 👀 #DeFi #Risks ☔️ DeFi #Cover Products and Providers 📈 Industry Data (June 2022 - March 2023) 💼 Case studies 🔭 Future Outlook Full industry report 👇

The State of DeFi Insurance Alternatives (DeFi Cover) 2023

Following the dramatic CeFi events of 2022, self-custody and DeFi emerged as the ultimate solution for a safer digital asset ecosystem. However, DeFi safety remains the fundamental challenge to wider...

opencover.com

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OpenCover

@OpenCover

1 year

🌎 Ecosystem update @BuildOnBase has introduced #Pessimism , an open-source monitoring system crafted to identify protocol threats and #security vulnerabilities across networks in the #Optimism ecosystem. #Web3 #onchain #DeFi Source:

The Block

@TheBlock__

1 year

Base introduces security monitoring system named Pessimism

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OpenCover

@OpenCover

1 year

🌎 Ecosystem update Transactions made with @PocketUniverseZ are now covered up to $2000! Check it 🟣ut 👇

Pocket Universe 🟣

@PocketUniverseZ

1 year

We'll give you $2000 if you get scammed (and it costs you $0) ⬇️

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OpenCover

@OpenCover

1 year

🌎 Ecosystem update @Binance announces its full exit from the Russian market and the sale of its Russia regional unit to the newly-launched #crypto exchange CommEX. #DeFi #Web3 #cryptonews Source:

Decrypt

@decryptmedia

1 year

Binance Quits Russia With Sale of Local Business to CommEX ►

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OpenCover

@OpenCover

2 years

@krakenfx @OpenCoverDeFi

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OpenCover

@OpenCover

1 year

🌎 Ecosystem update @circle launches euro-backed #stablecoin #EUROC on #Avalanche network, making it the second #blockchain to support the asset following the initial launch on #Ethereum last year. Source:

The Block

@TheBlock__

1 year

Circle launches euro-backed stablecoin on Avalanche

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OpenCover

@OpenCover

1 year

We're going live in 1 hour⏰

OpenCover

@OpenCover

1 year

Join @itsJeremiahS and @NexusMutual this Friday on @Th3Optimist 𝕏 spaces to talk all things onchain cover (insurance) - Underused onchain cover capital post-billion-dollar hacks - Bringing covers to L2 - Product plans for 23-24 📆 Oct 27 🔔 12:00 PM CET

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OpenCover

@OpenCover

11 months

Redeem your first free cover and continue earning across @arbitrum DeFi protocols with peace of mind.

OpenCover - Keeping you safe onchain

Cover $5,000 from $2 per week on leading protocols including Curve, Uniswap, Aave and more. As seen on CoinDesk, Decrypt, The Block, Cointelegraph.

opencover.com

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OpenCover

@OpenCover

1 year

🚨 Security incident @FilDA protocol was attacked on the Elastos Smart Chain (ESC) and REI Network, resulting in a loss of ~$700k. The team is in contact with the exploiter to return the funds. Affected users should report the losses to FilDA's Telegram group. #hack Source:

FilDA

@FilDAFinance

1 year

FilDA exploit statement - April 23rd 2023 FilDA, a multi-chain lending protocol, was attacked earlier today on the Elastos Smart Chain (ESC) and REI Network, resulting in a loss of approximately 700K USD. No other FilDA deployments have been affected.

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OpenCover

@OpenCover

11 months

🔔 🄵🅁🄸🄳🄰🅈 industry update 🔔 🚨 Hacks: > Unknown #MEV bot has been exploited for $2m. > @thestandard_io suffers a $264K theft via liquidity pool exploit on Arbitrum. > @immunefi reports 20 October attacks on BNB Chain and Ethereum, primarily targeting Defi protocols.

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OpenCover

@OpenCover

1 year

🌎 Ecosystem update @unoreinsure has introduced Uno WatchDog, a robust and holistic security shield to protect #DeFi protocols against #onchain risks. #Web3 #cryptonews Source:

Uno Re DAO

@unoreinsure

1 year

Time after time, sole reliance on audits without embracing comprehensive security has led to harsh outcomes in DeFi protocols, regardless of the invested resources or efforts given. Enough with the disaster cycles. Introducing WatchDog, by Uno Re!👇

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OpenCover

@OpenCover

1 year

Major development for Enterprise onchain adoption from @0xCoinshift 🙌

Coinshift

@0xCoinshift

1 year

🎉 Introducing Coinshift Apps: Human-readable dApp interactions from your @Safe ✅ Create and sign your multi-sig DeFi transactions with confidence Lets dive in 🧵 #CoinshiftApps

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OpenCover

@OpenCover

1 year

@LassuytChristop @RequestFinance Amazing news, congrats!

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OpenCover

@OpenCover

1 year

🌎 Ecosystem update #DeFi lending protocol @Yield has announced it will shut down its operations on December 31, due to the lack of sustainable demand and unfavorable #crypto regulations in the US, Europe, and the UK. #DeFi #Web3 #cryptonews Source:

Cointelegraph

@Cointelegraph

1 year

🫡 Yield Protocol decides to shut down by the end of this year.

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OpenCover

@OpenCover

1 year

Why is cover adoption so low? 1) Most of the underwriting capital is on L1 while onchain usage is shifting to L2 @l2beat 2) Distribution is still a challenge: many onchain users do not know about their onchain risk mitigation options. Our mission is to change this.

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OpenCover

@OpenCover

2 years

🌎 Ecosystem update #Crypto funding shifted from #CeFi to #DeFi in 2022. #Investment firms poured $2.7 billion into DeFi projects, up 190% from 2021. Source:

Cointelegraph

@Cointelegraph

2 years

Digital asset investors poured more into DeFi projects than ever before in 2022, with funding rocketing 190% to $2.7 billion compared to 2021. CeFi however, went the other way.

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OpenCover

@OpenCover

1 year

Onchain cover, the onchain-native alternative to insurance, is the ultimate safety net against protocol failures. But adoption is still low (~25k policies sold all time) — despite onchain safety still being an open problem with $230m+ exploited just last month @DefiLlama

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OpenCover

@OpenCover

1 year

🔒 Industry: > @NexusMutual - Solidity audit started on Oct 23 > @UnslashedF - Spartan bucket faces withdrawal disputes; options: legal resolution, pay claims, or hybrid approach for closure. > @neptunemutual - audit of the Liquidity gauge is almost complete.

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3

OpenCover

@OpenCover

11 months

🔒 Industry: > @NexusMutual - Tokenomics upgrade. Bonding Curve to be replaced with RAMM, removing MCR Floor. > @NexusMutual - Q3 insights report is out. > @sherlockdefi - Allo V2 closed, payouts made. Judging Real Wagmi #2 and LooksRare. Active contests: Perennial V2 Update #1 .

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OpenCover

@OpenCover

11 months

🛡️ OpenCover: > Preparing for the big launch 🤫

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OpenCover

@OpenCover

1 year

🚨 Security incident #Decentralized derivatives #exchange @Level__Finance suffered a $1 million #exploit due to a bug in a smart contract. #risk #hack Source:

LEVEL Finance #RealYield

@Level__Finance

1 year

An exploit targeted our Referral Controller Contract. - 214k LVL tokens drained to exploiters address. - Attacker swapped LVL to 3,345 BNB - Exploit was isolated from other contracts. - Fix to be deployed in 12 Hrs. - LP's and DAO treasury UNAFFECTED. More details to follow.

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OpenCover

@OpenCover

1 year

🚨 Security incident @HuobiGlobal ’s HTX crypto exchange has suffered an #exploit , resulting in a loss of $7.9M. #risk #hack #web3 Source:

Cointelegraph

@Cointelegraph

1 year

Justin Sun, the de-facto owner of Huobi (now HTX), confirmed the hack in a Monday tweet.

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OpenCover

@OpenCover

2 years

With the emergence of #DeFi , it's important to focus on #risk mitigation. OpenCover provides unbiased data for a safer and more accessible DeFi ecosystem. In the first-ever industry report, we share 9 months of data and insider perspectives 👇

The State of DeFi Insurance Alternatives (DeFi Cover) 2023

Following the dramatic CeFi events of 2022, self-custody and DeFi emerged as the ultimate solution for a safer digital asset ecosystem. However, DeFi safety remains the fundamental challenge to wider...

opencover.com

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3

OpenCover

@OpenCover

1 year

📣 ICYMI: @MorphoLabs is now live on OpenCover🛡️ Protect your Morpho positions with @NexusMutual without paying any L1 fees 👀 Read on for the direct access link + 1 month of free cover 👇

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OpenCover

@OpenCover

1 year

🛡️ OpenCover: > New partner listed - @DefiEdge > The @Th3Optimist podcast > We’re now on @guildxyz

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OpenCover

@OpenCover

1 year

Today we're excited to open up the first L2 cover aggregator to the world @optimismFND 🛡️ Cover is powered by @NexusMutual , the industry leader by TVL with over $200m of underwriting capital. ✅ Cover is valid on L2 AND L1. 🚀 10 protocols supported with more on the way.

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OpenCover

@OpenCover

3 years

@PickACrypto @mstable_ You've summed up our mission perfectly 🙂 We looked at many protocols before choosing mStable. The core contributors are very strong and community vibrant — big 🧠s there. They also rank much higher than many popular protocols on @DefiSafety 🛡

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OpenCover

@OpenCover

2 years

🚨 Update of Euler Finance exploit @eulerfinance exploiter returned all recoverable funds from the $196.9m hack. #hack #risk Source:

OpenCover

@OpenCover

2 years

🚨 Security incident DeFi lender @eulerfinance has suffered a flash loan #exploit , leading to a loss of ~$197m. It's native token #EUL is down 47% following the news. #hack #risk Source:

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OpenCover

@OpenCover

1 year

🛡 Weekly DeFi Cover Highlights 🔷 @NexusMutual claims dashboard is live on Dune: . 🔷 @InsurAce_io launched Bridge cover for protection from loss of funds during cross-chain transactions: . #DeFi #defiinsurance #claims #cover

Bridging the Gap: InsurAce & LI.FI Launch the Ultimate Insurance for Your Cross-Chain Transactions...

Innovation Meets Protection: Discover the Ultimate Safety Net for Your Cross-Chain Transactions

www.insurace.io

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OpenCover

@OpenCover

1 year

OpenCover is now LIVE on @BuildonBase ! To celebrate, we're offering you your first cover: up to $100k to protect your funds against #DeFi #hacks 🎉

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OpenCover

@OpenCover

1 year

🌎 Ecosystem update @Circle partners with @coinsph to bring awareness about $USDC payments and allow people to pay less for cross-border money transfers in the Philippines. #DeFi #Web3 #cryptonews Source:

Cointelegraph

@Cointelegraph

1 year

🇵🇭USDC stablecoin issuer @Circle aims to help people in Asia easily send cross-border payments, starting with a remittance initiative in the Philippines.

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OpenCover

@OpenCover

11 months

🚨 Platypus exploit update The two brothers responsible for the Feb 16 #Platypus flash loan #attack of $8.5 m were cleared of all criminal charges by a Paris judicial court, after they claimed to be “ethical hackers” and agreed to return 90% of stolen funds. #risk #crypto #hack

Cointelegraph

@Cointelegraph

11 months

Two brothers behind a massive $8.5M Platypus DeFi hack claim to be 'ethical hackers' and are unexpectedly cleared of charges by a French court.

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OpenCover

@OpenCover

1 year

🌎 Ecosystem update #Tether freezes addresses containing $873 m linked to terrorism in Israel and Ukraine. #DeFi #Web3 #cryptonews Source:

Cointelegraph

@Cointelegraph

1 year

Tether moves to freeze USDT in addresses linked to terror financing in Israel, Ukraine.

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OpenCover

@OpenCover

1 year

🌎 Ecosystem update South Korea passes #bill to impose penalties for unfair #trading activity to protect #investors . Source:

Cointelegraph

@Cointelegraph

1 year

👀 🇰🇷 South Korea passes a bill to impose penalties for illicit trading activity involving the use of undisclosed information and market manipulation.

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OpenCover

@OpenCover

1 year

🚨 Security incident Philippines-based #crypto exchange @coinsph has lost over $6 m worth of funds in a possible #exploit . #risk #hack #web3 Source:

The Block

@TheBlock__

1 year

ICYMI: Philippines-based exchange appears to have lost 12.2 million XRP in possible exploit

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OpenCover

@OpenCover

1 year

🌎 Ecosystem update Revolut users in the US will no longer be able to buy, sell, or hold #Solana , #Polygon , or #Cardano tokens after September 18. Last month, the SEC listed the three #cryptocurrencies as unregistered securities.

Decrypt

@decryptmedia

1 year

A spokesperson for @RevolutApp told Decrypt that the move was in response to "changing laws and regulations around cryptocurrency" in the United States.

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OpenCover

@OpenCover

1 year

🌎 Ecosystem update @THORSwap has transitioned to "maintenance mode" to prevent the potential movement of illicit funds through its cross-chain platform. #DeFi #Web3 #cryptonews Source:

The Block

@TheBlock__

1 year

BREAKING: THORSwap DEX enters maintenance mode amid illicit activity

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OpenCover

@OpenCover

1 year

🌎 Ecosystem update Slovakian parliament votes to approve lower #crypto taxes. The bill intends to lower #income #tax rate for crypto held longer than a year to only 7%. Source:

Cointelegraph

@Cointelegraph

1 year

🇸🇰⚖ The Slovakian parliament voted to approve lower taxation on profits gained from cryptocurrencies held for at least a year to only 7%.

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OpenCover

@OpenCover

1 year

🚨 Security incident @theMerlindex and #blockchain audit firm @CertiK to compensate users impacted in a nearly $2 million #rugpull . Rough developers are suspected of causing the loss of around $2 million in user funds, which happened on Wednesday morning. Source:

CoinDesk

@CoinDesk

1 year

zkSync-based decentralized exchange @theMerlindex plans to compensate users impacted in a nearly $2 million rugpull with blockchain audit firm @CertiK , a representative for CertiK told CoinDesk. By @shauryamalwa .

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