BraveNewDeFi (@bravenewdefi) • Hey

Head of Community @ Nexus Mutual DAO 🗳️ SAFE Guardian 🔎 Researching risk in DeFi

Stats

Following: 88
Followers: 66

Publications

**State of DeFi Yields | Issue 7** 📈 This week's issue is live! I provide updates on DeFi's base rate, as well as stablecoin & ETH yield opportunities Read for updates on Pendle, $GHO yields, new yield strategies, and more 👇 https://mirror.xyz/nexusmutant.eth/EHaWrlPyfOdgLmqKaI2g0GChrby6yh1nzMOtJTGIfks **The standouts in Issue 7** 🔹 @lens/contango_xyz yield for stables + ETH 🔹 $GHO yields 🔹 @lens/fraxfinance yields for Fraxlend markets 🔹 @lens/curvefinance LlamaLend markets 🔹 @lens/inverse_finance $DOLA strategies 🔹 Pendle, @lens/gearboxprotocol & @lens/ether_fi for continued 🆙 yields **Upcoming Special Issue on Decentralized Stablecoins** I'm looking to cover more decentralized stablecoins in future issues, and I'll be working on a special edition to put out in May on decentralized stablecoins. If you see new stablecoins in each issue, DYOR, but know I'm eager to cover more over time since it's a growing market.
Points programs have been an improvement on old liquidity mining programs. While people have been upset in the past when they receive non-transferable tokens, everyone loves points and secondary points markets where speculation is half the fun/excitement. Seems like we’ve moved to the next evolution of broad and more targeted incentive programs, like Aave’s Merit, which has been successful in the seasons 1 & 2.
**State of DeFi Yields | Issue 6** 📈 This week's issue is live! I provide updates on DeFi's base rate, as well as stablecoin & ETH yield opportunities. In Issue 6, you can read about double- & triple-digit $GHO yields, ETH yield strats above the base rate and more 👇 https://mirror.xyz/nexusmutant.eth/VtbiXvlCr2kGlPDOCUcjmwcCFm42r6IPa7E17hz8t18
Right now, Pendle yields are truly unbeatable. LPs can earned fixed yield on their PT-rswETH and points with the YT-rswETH portion. Best of both worlds and the highest yield Pendle mainnet liquidity markets 👀 Absolutely knocked over that you can use 20 ETH worth to LP and earn 3.49 ETH in 81 days 😲
I just claimed my $BONSAI reward on @lens/orb!
At Nexus Mutual we're all in on growth. The results from Q1 2024 show we're off to a good start! ⬆️ Cover sales up 29% since Q4 2023 ⬆️ Cover fees earnings up 162% since Q4 2023 ⬆️ Commissions earnings up 254% since Q4 2023 Heading into Q2 with the same focus + drive 🐢 Check out the Q1 2024 Insights Report on the Nexus Mutual governance forum 👇 https://forum.nexusmutual.io/t/first-quarter-q1-2024-insights-nexus-mutual-dao/1419
**State of DeFi Yields | Issue 5** 🐢 This week's issue is live! I provide an update on DeFi's base rate, as well as stablecoin and ETH yield opportunities. There's also a summary on MakerDAO <> Ethena <> Morpho at the end of Issue 5 https://mirror.xyz/nexusmutant.eth/zEPmfAQcvvyWFgm1MJyNLQ2I2WcdCCeE6RYz_OU7m8I **Standouts from Issue 5** 🔹**** $GHO yields across DeFi 🔹**** f(x) Protocol LP strategies 🔹**** Gearbox v3 Passive Earn markets 🔹**** Pendle PT & LP strategies 🔹**** Ether.fi Liquid Vault Thanks to Vaults FYI for giving me an easy way to establish the DeFi base rate, provide an overview of lending markets, and highlight other protocols. If you haven't checked out Vaults FYI yet, you should! They're my go-to for finding yield on mainnet and L2s ✌️ https://www.vaults.fyi/vaults
It's good to be back on Hey Been way too long ✌️
**NMPIP-209 Open for Voting** This NMPIP is open for voting in the Nexus Mutual UI until Saturday (18 November 2023) 11:50am UTC 🗳️ https://app.nexusmutual.io/governance/view?proposalId=209 This vote asks if members want to grant the Advisory Board the power to replace the Bonding Curve with the Ratcheting AMM (RAMM) and remove the Minimum Capital Requirement (MCR) Floor.
Congrats to the @lens/opencover team on deploying to Arbitrum 🚀 The @lens/nexusmutual ecosystem is so fortunate to have a brilliant team like OpenCover building on top of the Mutual and expanding access to Protocol Cover on L2s 🛡️
Active cover seems to be growing, since the Mutual has developed strong partnerships in the last year and listed some new protocols 🔥 Nice to see Unity Cover scaling ETH Slashing Cover for Liquid Collective!
**Quarterly Insights Report | Q3 2023** In Q3 2023, Nexus Mutual members made significant progress on underwriting initiatives, while earning ~ $440k in cover fees and $1.05m in investment earnings. NXM stakers underwriting cover earned 2,000 NXM rewards. 🌍 Through the Mutual's partnership with InShare SMART Risk, members are underwriting cover for more than 5,000 independent businesses in the UK. 🏗️ @lens/opencover is building on top of the Nexus Mutual protocol, allowing anyone to purchase Protocol Cover on @lens/base and Optimism. 💧 Unity Cover's Slashing Coverage Program with Liquid Collective continues to give their ETH stakers peace of mind and protection against major slashing risks, as coverage scales with their explosive growth. **Check out the full Q3 Insights Report—brought to you by the DAO Community team—on the governance forum for more details** ⤵️ https://forum.nexusmutual.io/t/third-quarter-q3-2023-insights-nexus-mutual-dao/1304
Nexus Mutual Community Call | 20 June 2023 Nexus Mutual's community call is held every two weeks in the Nexus Mutual Discord (https://t.co/Z5vWv4tWTG) at 9am EST / 1pm UTC. The next community call will be held on 11 July. On this week's community call, we provide updates from the DAO Operations team, the DAO Marketing team, the Foundation, and our regular weekly updates. ⮞ DAO Operations update on the https://nexusmutualdao.io/ website ⮞ BraveNewDeFi's overview of important recent governance proposals: https://forum.nexusmutual.io/ ⮞ DAO Marketing team update ⮞ Weekly update from the Foundation ⮞ Last week in cover sales ⮞ Governance discussions on the forum https://forum.nexusmutual.io/ ⮞ Open forum Join us for our bi-weekly community calls, subscribe to our newsletter on Substack, and follow us on Twitter and Lens to stay up to date on all things Nexus Mutual. Our next community call will take place on Tuesday (11 July). ➲ Nexus Mutual website: https://nexusmutual.io/ ➲ Nexus Mutual DAO website: https://nexusmutualdao.io/ ➲ Nexus Mutual Newsletter: https://nexusmutual.substack.com/ ➲ Nexus Mutual Lens: https://lenster.xyz/posts/0x01a9c6-0x01 ➲ Nexus Mutual Twitter: https://twitter.com/NexusMutual ➲ Nexus Mutual Dune Dashboards: https://dune.com/nexus_mutual
Nexus Mutual DAO | Operations team update Kayleigh, Head of Operations with the Nexus Mutual DAO, provides an update on the new Nexus Mutual DAO website, where anyone can learn about the mutual, our mission and values, the teams contributing to the protocol and DAO, the claims and governance process, and how to get involved within the DAO. Review the DAO website to learn more about our community and mission: https://nexusmutualdao.io/
Nexus Mutual DAO | Marketing team update Claudio, Head of Marketing with the Nexus Mutual DAO, introduced himself to the community, shared his professional background, and spoke about his work to drive growth through collaborative marketing efforts with the other teams contributing to the protocol. Claudio highlighted the role of marketing as a tool for growth; how our rebrand is helping to position the mutual as the market leader with ample room for growth through the risk marketplace; the resources he's using to expand brand awareness and drive cover sales; and his approach to content marketing with compelling visuals.
🛡️ New Listing | @aaveaave.lens 🛡️ Aave V3 is now listed on Nexus Mutual! Enjoy peace of mind when you protect your crypto deposits on Aave V3 with Protocol Cover 😀 Explore the Aave V3 listing 👇 https://app.nexusmutual.io/cover/buy/get-quote?productId=98 Aave V3 Protocol Cover protects against the following risks on any EVM-compatible network: ✅ Code being used in an unintended way (e.g., exploits, hacks) ✅ Severe oracle failure ✅ Economic design failure ✅ Governance attacks Learn more 🧐 https://forum.nexusmutual.io/t/aave-v3-now-listed-in-the-nexus-mutual-ui/1149
📘 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 👇 https://opencover.com/state-of-crypto-and-defi-insurance-alternatives-cover/
With Nexus Mutual V2, the protocol has been transformed into a risk management layer that risk specialists can build on top of. 📈 Bootstrap capital 🚀 Launch a staking pool 🛡️ Manage and price risk 🚢Develop new products 💰 Turn your expertise into revenue Flexible pricing gives members the opportunity to offer a greater range of products. Develop new products. Diversify across new types of risk. Tap into a global marketplace. Unlimited potential for growth ✨ The V2 architecture was designed to make integrating and offering cover in your frontend seamless. Improve awareness and access to protection, while earning a commission when you help DeFi users protect their assets at the point of deposit. Cover is now tokenized as an NFT, which gives you greater flexibility. 📨 Transfer your cover to any address 🛡️ Protection that can apply across multiple loss events 🧮 Edit, adjust your cover period, amount 💪 Extensive protection against major DeFi risks We're thrilled to share Nexus Mutual V2 with our members and community. Learn more about the future of on-chain protection: https://nexusmutual.io/blog/nexus-mutual-v2-live-on-ethereum-mainnet
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." - Hugh Karp
🚨 Euler Finance Claims Filing 🚨 Today, Euler Finance suffered an exploit for $197m at 8:50am UTC. The DAO Community team has put together a resource for any Euler Protocol Cover holders who plan to file a claim once the 72-hour cool down period passes. How to prepare: https://nexusmutual.io/blog/how-euler-finance-protocol-cover-holders-can-prepare-for-claims-filing **72-hour cool down period** This window gives claims assessors enough time to review analysis of the loss event and discuss. Members who held active cover at the time the exploit occurred will be able to file a claim starting on Thursday (16 March) at 8:50am UTC. **Claims support** If you have any questions about the upcoming Euler Finance claims filing, please reach out in the Euler Finance Claims Support in the Nexus Mutual Discord: https://discord.com/channels/496296560624140298/1084920891370119168/1084920891370119168
Friday: $0.91 Saturday: $0.96 Seems like we all got some sleep and decided to wait for redemptions on Monday. But make no mistake: we need a decentralized stablecoin with minimal if no centralized stablecoin backing that can scale.
Later today, the Nexus Mutual user interface (UI) will be unavailable as the engineering team works to upgrade the UI. Members will be able to access the UI after the Nexus Mutual V2 launch is complete. To learn more, see our update: https://nexusmutual.io/blog/scheduled-downtime-for-remaining-nexus-mutual-v2-upgrades
Show Off your Lens friends! Follow these guidelines: Make sure you Follow. Comment by tagging your Lens Pal and adding a cool message. If your pals mirror your comment, you've got some great friends. Enjoy free WMATIC. LFG 🔥 🔥 🔥
In honour of International Women's Day, I want to highlight the incredible women working on @NexusMutual.lens 🛡️ Rox, expert engineer who is incredible at managing all the projects the engineering team tackles. She is always responsive and quickly answers any questions I or anyone else asks. Rox is a true wealth of knowledge 👩‍💻 Kayleigh, Head of DAO Operations who keeps an open line of communication across all teams working across the DAO and Foundation. She ensures nothing is overlooked, teams are making progress on their stated deliverables, and is working to improve transparency within the DAO 🦸‍♀️ Andreea, a talented frontend engineer whose work on the Nexus Mutual V2 UI has been incredible. Since she started working on the engineering team, Andreea has tackled so many different tasks and been such a valuable addition to the engineering team. @semturan.lens, Nexus Mutual's community manager whom I've greatly enjoyed working with over the last year. Sem's research and willingness to learn has been an inspiration. In addition to her work for the mutual, Sem has contributed several great articles to Hackernoon: hackernoon.com/u/semturan I am incredibly fortunate to work with and learn from Rox, Kayleigh, Andreea, and Sem 😎
Traveling back home after ETH Denver. Remarkable to see the growth in engineering talent working within the Ethereum and DeFi ecosystem. I had the pleasure of meeting with a variety of teams, talking about @nexusmutual.lens V2, and risk/security. The conference itself was massive and was so well organized. I had the chance to talk with active Nexus Mutual members, answer their questions, and hear their feedback on current governance discussions. Cannot wait to see my favorite #DeFi teams ship the innovative products and updates they presented about in Denver. Until next year 🫡
First night in Denver was 🔥 Talked about governance, risk, barriers to growth, and more. Going to be a great weekend!
📰 **The Hedge | 2 March 2023** 📰 The sixth issue of The Hedge has been published by the DAO Community team 📬 In this issue, the Community team shares updates on: 🚀 Status of the Nexus Mutual V2 upgrades 📈 M11 Credit Auros loan update 🦬 @bravenewdefi.lens at ETH Denver 💬 Next steps for tokenomics proposal 💬 Governance discussions And more! Read the full issue and subscribe for all the latest updates: https://nexusmutual.substack.com/p/the-hedge-2-march-2023
Flying to Denver tomorrow. Can’t wait to be back in the Spork Castle, learn about what everyone’s building, and talk about what’s being built @nexusmutual.lens 🙌
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Happy weekend to those in Paris, Denver, and everywhere else 🍻
Coffee is one of my favorite things. Looking forward to trying out this new roast over the weekend ☕️
📰 **The Hedge | 23 February 2023** 📰 The fifth issue of **The Hedge** has been released! Weekly updates from the Nexus Mutual DAO, written and distributed by the DAO Community team 📬 In the fifth issue, we share updates on: ⌛️ Timeline for remaining Nexus Mutual V2 upgrades ⏸️ Pausing claims filing during Nexus Mutual V2 upgrades 👀 Blockworks' coverage of FTX & BlockFi payouts 🗳️ Tokenomics signaling vote results 🛬 Nexus Mutual at ETH Denver 💬 Governance forum discussions And more! https://nexusmutual.substack.com/p/the-hedge-23-february-2023
Nexus Mutual Community Call | 21 February 2023 Nexus Mutual's community call is held every two weeks in the Nexus Mutual Discord (https://t.co/Z5vWv4tWTG) at 9am EST / 2pm UTC. The next community call will be held on 7 March. On this week's community call, we provide an overview of FTX & BlockFi claim payouts, the final Nexus Mutual V2 upgrades, the tokenomics Snapshot signaling vote, and our regular weekly updates. ⮞ FTX & BlockFi claim payouts ⮞ Nexus Mutual V2 contract deployment, UI updates ⮞ Tokenomics Snapshot signaling vote ⮞ Weekly update from the Foundation ⮞ Last week in cover sales ⮞ Active coverage by cover type ⮞ Nexus Mutual is on Lens! ⮞ M11 Credit update on Auros loans ⮞ Nexus Mutual @ ETH Denver ⮞ Governance discussions on the forum https://forum.nexusmutual.io/ ⮞ Open forum Join us for our bi-weekly community calls, subscribe to our newsletter on Substack, and follow us on Twitter and Lens to stay up to date on all things Nexus Mutual. Our next community call will take place on Tuesday (7 March). ➲ Nexus Mutual website: https://nexusmutual.io/ ➲ Nexus Mutual Newsletter: https://nexusmutual.substack.com/ ➲ Nexus Mutual Twitter: https://twitter.com/NexusMutual ➲ Nexus Mutual Lens: https://lenster.xyz/posts/0x01a9c6-0x01 ➲ Nexus Mutual Dune Dashboard: https://dune.com/rchen8/nexus-mutual
I’m looking forward to meeting with teams, connecting with old friends, and talking about Nexus Mutual V2 at ETH Denver this year! If you’re going to ETH Denver and want to meet up, send me a DM 🐢
Saw one of @stani.lens’s posts about Forbes, ads, and digital publishing this weekend. Made me think back on why I enjoy reading magazines, which ones I like, and what experience I want from a publication. I read many physical magazines at my local library. Harpers, The Economist, The Sun. The Sun is my favorite—personal, each issue published with a theme that includes fiction, poetry, and essays. None of these publications provide the same experience when read on an iPad or in a browser. Digital publishing is different and often lacks the intimate feeling you get when you hold a magazine in your hand and feel the weight of the paper. Not many publications have done this well. Maria Popova’s The Marginalian (formerly, Brain Pickings) is an example of one that has replicated the intimate experience of reading a physical magazine. The Marginalian reminds me of the zines or small press chapbooks popularized in the 90s. You can still find excellent examples in SF and other cities. It would be cool to see someone build a generalized small press/zine framework on top of Lens that people can use to create independent publications that require someone to pay with WMATIC to unlock, collect, and read on this protocol, which could create a familiar layout/aesthetic to earlier zines. You could start a publication, distribute it on Lens, and earn revenue to pay writers, editors, artists, and more on web3 rails.
Everyone weighing in on Roald Dahl’s catalog and the revisions being made to his popular titles. Part of a larger problem, tbh. On a whole, communities attempt to suppress what goes against their shared values, but often time literature does this on purpose to point out important truths. Roald Dahl wrote children’s books and some great work for adult audiences as well. (Dahl’s Omnibus is great, btw). Revising what makes us uncomfortable or may be offensive makes us weaker. We forget about unspoken truths, all under the guise of protecting children. Matilda is about the power of education and the ways we stifle children in their adolescence through conformity. Be quiet and listen. Matilda doesn’t do this. Instead of editing these books and sanitizing them, we should let children read and decide for themselves. Maurice Sendak said that children know the truth and feel betrayed when we lie to them. They are stronger than we realize and understand the unfortunate realities around them. But it’s clear that edits to Dahl’s work has been done for marketing and sales purposes, which is just as, if not more, dangerous.
🏆 Lens contest for $9k delegation 🏆 The @pooltogether $5k grand prize is coming. What draw will it be❓ Statistically it happens once every 30 days but the day is random. Currently we are on draw 490. Pick a draw between 490 and 550 and comment as a reply to this post for a chance to win a $9k delegation for 2 weeks. 💰 The answer that guesses the draw with the $5k prize, or closest to without going over, wins a $9k delegation for two weeks. Reply to this post with your guess for a chance to win! Eligibility requirement: Participants must follow me on Lens and have a wallet on Optimism to receive the delegation. If a draw number is already taken please choose another or you will not be eligible (only 60 spots).
A nice article from Blockworks on the recent @nexusmutual.lens payouts for people affected by #FTX and #BlockFi. When regulators and traditional financial institutions won’t protect people, there will always be a solution in #DeFi that will. https://blockworks.co/news/payouts-to-ftx-blockfi-users
Happy Friday, friends
**📰 The Hedge | 16 February 2023 📰** The fourth issue of The Hedge has been released! Weekly updates from the Nexus Mutual DAO, written and distributed by the DAO Community team 📬 In the fourth issue, we share updates on: 💸 FTX & BlockFi claim payouts 🚀 Stages 2 & 3 of Nexus Mutual V2 rollout 📂 Gemini Earn claims filing 🗳️ The tokenomics signalling vote 🥞 M11 Credit update on Auros recovery And more! https://nexusmutual.substack.com/p/the-hedge-16-february-2023
#Wav3s is love, And love is sharing, So share some love today, alrigth? Never stop caring <3 xoxo
Since claims filing opened last week, members have paid: 💸 Over $3.8m across 18 #FTX & #BlockFi claims While the FTX and BlockFi bankruptcies move forward, people who had crypto assets on these centralized platforms must wait and see how much they'll be able to recover. Relief from both bankruptcy proceedings could take years. People who had Custody Cover were able to file a claim with proof of loss and receive their payment in a matter of days. To quote a member whose claim was approved: "Buying coverage from Nexus Mutual was the most impactful decision I've made in my life." Including the FTX & BlockFi claim payments, members have now paid over **$13m** to people affected by smart contract failures and halted withdrawals on centralized exchanges. Review total claims paid and other KPIs on the Richard Chen's Nexus Mutual Dune Dashboard: https://dune.com/rchen8/nexus-mutual
It's time for a relooking ... Want a sneak preview of what the best writing experience on Lens protocol will look like? Join the discord server and get a special role : https://discord.com/invite/zwaKtm3tqN
Gm ☕️ Wishing everyone a peaceful, productive week!
Beautiful weather to get out and go ice fishing. Caught some fish; had a great time with friends. That’s what the weekend is for.
Me heading into the weekend after a long week of work
How things fit together by Zach Lieberman
The latest issue of **The Hedge** has been released! Weekly updates from the Nexus Mutual DAO, written and distributed by the DAO Community team 📫 In this week's issue, the Community team shares updates on: 🚀 The first stage of the Nexus Mutual V2 rollout 📂 #FTX and #BlockFi claims filing 🗞️ The status of active FTX claims 💸 $707,851 has been paid 🗳️ $4,091,393 in claims pending, w/ quorum met to accept and pay 🧙‍♂️ Richard Chen's Nexus Mutual Dune Dashboard 💬 Governance forum discussions And more! Read this week's issue: https://nexusmutual.substack.com/p/the-hedge-10-february-2023?sd=pf
Thinking about all the new possibilities on the horizon once @nexusmutual.lens V2 launches. Staking pool managers will be able to create new cover products and expand into real world risk. With lower pricing possible, new crypto-native cover products like stablecoin depeg cover could be offered. Need to mint GHO on testnet and do some research 🧐
Nexus Mutual Community Call | 7 February 2023 Nexus Mutual's community call is held every two weeks in the Nexus Mutual Discord (https://t.co/Z5vWv4tWTG) at 9am EST / 2pm UTC. The next community call will be held on 21 February. On this week's community call, we provide an overview of the first Nexus Mutual V2 upgrade, FTX International claims, upcoming claim events, and our regular weekly updates. ⮞ Nexus Mutual V2 | Stage 1 upgrade completed! https://lenster.xyz/posts/0x01a9c6-0x06 ⮞ FTX International claims overview ⮞ How to prepare for FTX US, BlockFi, and Gemini Earn claims filing ⮞ Weekly update from the Foundation ⮞ Last week in cover sales ⮞ Active coverage by cover type ⮞ Nexus Mutual is on Lens! https://lenster.xyz/posts/0x01a9c6-0x01 ⮞ Governance discussions on the forum https://forum.nexusmutual.io/ ⮞ Ease risk rubric ⮞ Open forum Join us for our bi-weekly community calls, subscribe to our newsletter on Substack, and follow us on Twitter and Lens to stay up to date on all things Nexus Mutual. Our next community call will take place on Tuesday (21 February). ➲ Nexus Mutual website: https://nexusmutual.io/ ➲ Nexus Mutual Newsletter: https://nexusmutual.substack.com/ ➲ Nexus Mutual Lens: https://lenster.xyz/u/nexusmutual ➲ Nexus Mutual Dune Dashboard: https://dune.com/rchen8/nexus-mutual