opencover (@opencover) • Hey

The #1 source for DeFi cover data, news and insights. Compare cover providers. Join the inner circle http://opencover.com/innercircle

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🚀 The team is growing! We are looking for a product-minded full-stack engineer to join our founding team, focusing on developing core product infrastructure and company-wide internal tools. 👇 https://cryptocurrencyjobs.co/engineering/opencover-full-stack-engineer/
🛡️ NEW COVER LISTED 🛡️ Morpho Blue is officially available on OpenCover 🦋 Safeguard your #Morpho Blue positions with @lens/nexusmutual without paying any L1 fees. On top of that, we're offering you your first cover — up to $ 10,000 in protection. 👇 http://opencover.com/morpho
📣 OpenCover is Live on DappRadar 📣 We're excited to announce that OpenCover is now listed on the @lens/dappradar Ecosystem https://dappradar.com/dapp/opencover. To celebrate, we've opened up some free covers on any protocol of your choice (up to $ 10,000 per person). 👇 https://opencover.com/dappradar
🛡️ NEW BUNDLED COVERS LISTED 🛡️ Secure your positions across several protocols at once with @lens/nexusmutual, and save $ 100+ in L1 fees. Learn more and get your first Bundled Cover for free, courtesy of OpenCover. 👉 http://opencover.com/frens/137 (up to $ 10,000 in protection).
We're launching a top-tier #Ethereum protocol on OpenCover this week — can you guess which?
🔔 Weekly industry update 🛡️ OpenCover 🔹 #Notional is now live on OpenCover. 🚨 Hacks 🔹 Hedgey Finance has been hacked for $ 44.7m. 🔹 Grand Base has suffered an exploit, resulting in a $ 2.5m loss. 🔒 Industry 🔹 Neptune Mutual's Governance Proposal for Gauge Controller Epoch #1 is now open for voting for Prime #dApps and Popular #DeFi Apps on #Arbitrum. Voting ends on Apr 27.
🔔 Weekly industry update 🛡️ OpenCover 🔹 OpenCover is now live on @lens/polygon. 🔹 #Arcadia is officially available on OpenCover. 🔒 Industry 🔹 @lens/nexusmutual launched an improved Buy Cover UI. New features include a Capacity Request form and notifications of approaching cover expiration. 🔹 @lens/nexus's proposal to whitelist #USDC as an asset within the Capital Pool (buy cover with USDC and denominate the cover in USDC) is open for comment. 🔹 @lens/nexusmutual's proposal to stake 57,607 #NXM from the DAO Treasury to open up Protocol Cover and Bundled Protocol Cover capacity is open for comment.
🛡️ NEW COVER LISTED 🛡️ Arcadia is officially available on OpenCover. Secure your assets on #Arcadia with @lens/nexusmutual and save over $ 100 in gas fees. On top of that, we're offering you your first cover — up to $ 10,000 in protection! 👇 http://opencover.com/arcadia
📣 LAUNCH ANNOUNCEMENT 🟣 OpenCover is now live on PoS Polygon. 🛡️ That's $ 300m+ of underwriting capital from Nexus Mutual publicly accessible for the first time. Get your first cover free (up to $ 10,000) 👇 http://opencover.com/polygon
📣 PRODUCT UPDATE We're thrilled to announce the launch of ETH-denominated covers on layer 2. You can now tailor your protection by selecting a desired cover amount directly in #ETH! 🛡️ Purchase ETH-denominated covers powered by @lens/nexusmutual, on protocols like #Pendle, @lens/beefyfinance & @lens/aave. Interact without the worry of smart contract hacks or economic events outside the intended protocol operation e.g. oracle failure, or governance attacks.
We're launching an idyllic @lens/base #protocol on OpenCover this week. Can you guess which one?
🔔 Weekly industry update 🛡️ OpenCover 🔹 @lens/yearn v3 and Yearn Juiced Vaults are now live on OpenCover. 🚨 Hacks 🔹 #Solareum Project was hacked for $ 1 million. 🔹 Fixed Float experienced a new exploit resulting in a $ 3 million loss. 🔒 Industry 🔹 @lens/nexusmutual DAO’s Q1 2024 Insights report is out: https://tinyurl.com/4tntpdpt
📣 We're launching #cover for a new #chain next week! 🛡️ Expanding our onchain safety net, unlocking over $ 300m of underwriting capital from @lens/nexusmutual.
🛡️ NEW COVERS LISTED 🛡️ Yearn v3 and Yearn Juiced Vaults are live on OpenCover! Safeguard your assets on @lens/yearn with @lens/nexusmutual, and save $ 100+ on gas fees. More good news, Yearn frens get their first cover for free (up to $ 10,000 per person)! 👇 http://opencover.com/yearn
Juicy news this week - we're listing TWO new #covers! On which #protocol? We're longing for you to guess...
🔔 Weekly industry update 🛡️ OpenCover 🔹 #Velodrome is officially available on OpenCover. 🚨 Hacks 🔹 #Curio was exploited for $ 16 million. 🔹 #Prisma Finance was hacked for over $ 11.6 million. 🔒 Industry 🔹 Neptune Mutual's vote escrow and liquidity gauge is now live on the #Polygon Mumbai testnet.
🏆 OpenCover has been selected to join Lloyd's Lab cohort 12 🏆 Lloyd's is the world's leading specialist #insurance market with a longstanding history of #innovation — the perfect catalyst to help grow the adoption of #onchain cover and #insurance. Great things ahead 🚀✨🌕
🛡️ NEW COVER LISTED 🛡️ #Velodrome is officially available on OpenCover! Keep your assets safe on Velodrome v2 with @lens/nexusmutual and enjoy lower gas fees on L2. Find out more and get your first cover for free (up to $ 10,000 protected). 👇 http://opencover.com/velodrome
We're rolling out an #Optimism big wheel on OpenCover this week. Can you guess which #protocol?
🤝 We’re excited to partner with #Gearbox to raise the bar on onchain #safety. You can now directly purchase OpenCover from the Gearbox UI 🚀 To celebrate, we're giving out $ 150,000 of free Gearbox #cover (up to $ 10,000 in protection per person) 👉 http://opencover.com/gearbox
🔔 Weekly industry update 🛡️ OpenCover 🔹 #Gearbox is officially available on OpenCover. 🚨 Hacks 🔹 #Airdao was hit by an exploit, resulting in a loss of over $ 800k. 🔹 An old #Dolomite contract was hacked for $ 1.8 million. 🔒 Industry 🔹 @lens/nexusmutual released a Bundled Protocol Cover to protect against smart contract risk in multi-protocol strategies. 🔹 @lens/nexusmutual is looking for a Social Media Marketing Manager. 🔹 UnoRe's V2 mainnet is live, with revamped dApp features and a safer, improved claim portal.
🛡️ NEW COVER LISTED 🛡️ #Gearbox is now live on OpenCover! Make sure your assets are safe on Gearbox v3 with @lens/nexusmutual, and save $ 50+ on gas fees. Get your first cover for free, courtesy of OpenCover — up to $ 10,000 in protection! 👇 http://opencover.com/gearbox
We're in full gear for a big launch on OpenCover this week. Which protocol will it be? Take a guess!
🔔 Weekly industry update 🛡️ OpenCover 🔹 #Pendle is officially available on OpenCover. 🚨 Hacks 🔹 #Unizen was exploited for over $ 2.6 million. 🔒 Industry 🔹 @lens/nexusmutual's proposal to increase the PRICE_CHANGE_PER_DAY pricing parameter from 0.5% to 2.0% is open for voting until Mar 17.
🛡️ NEW COVER LISTED 🛡️ Pendle is officially available on OpenCover! Keep your assets safe on Pendle with @lens/nexusmutual and enjoy lower gas fees on L2. Find out more and get your first cover for free (up to $ 10,000 protected). 👉 http://opencover.com/pendle
Tick tock... In just two days, we'll be launching a top-tier protocol on OpenCover. Care to venture a guess?
🚨 Security incident #Unizen was hit by multiple #attacks, resulting in a loss of over $ 2.6 million. Source: https://twitter.com/BeosinAlert/status/1766312482203963814
🔔 Weekly industry update 🛡️ OpenCover: 🔹 You can now directly purchase OpenCover from #dHEDGE vaults 🚨 Hacks: 🔹 #WOOFi was exploited for ~$ 8.5m. 🔒 Industry: 🔹 @lens/nexusmutual issued a proposal to improve its dynamic pricing mechanism 🔹 Sherlock decided the Lead judge's payout will not be dependent on the judging process time, and penalties will no longer be capped.
🚨 Security incident #WOOFi has suffered a flash loan #attack on #Arbitrum, resulting in a ~$ 8.5m loss. Source: https://twitter.com/CyversAlerts/status/1765053098706227635
🤝 We're excited to partner with #dHedge to make #DeFi a safer place. You can now directly purchase cover valid on #Polygon and #Optimism from dHEDGE vaults 🚀 To celebrate, we're giving out $ 150,000 of free dHedge cover (up to $ 10,000 per person) 👉 http://opencover.com/dhedge
🔔 Weekly industry update 🛡️ OpenCover 🔹 New #cover listed: #dHedge 🚨 Hacks 🔹 Serenity Shield wallets were compromised for a $ 5.6m 🔹 Seneca Protocol was exploited for a $ 6.5m 🔹 Shido was exploited for a $ 4m 🔒Industry 🔹 @lens/nexusmutual's R&D team is looking for a Dune wizard 🔹 Subsea raised $ 48m at a $ 1B+ valuation 🔹 Karak, the Risk Management L2 accelerating Ethereum with modular security in now in Mainnet
🛡️ NEW COVER LISTED 🛡️ #dHedge is officially available on OpenCover! 🦔 Keep your dHedge assets protected with @lens/nexusmutual. Save $ 50+ in L1 fees and streamline #cover management 🚀 dHedge is a #decentralized #asset management protocol that connects investors to investment managers in a censorship-resistant and non-custodial way. We just made over $ 400,000 of dHedge cover capacity valid on #Polygon and #Optimism, with lower gas fees on L2. And we're giving out $ 150,000 of free dHedge cover today (up to $ 10,000 in protection per person) 👇 https://opencover.com/app/?invite=DH100K&cover=126
🚨 Security incident #Gambling platform #RiskOnBlast has #rugpulled investors for $ 1.3 million. Source: https://www.theblock.co/post/279004/blast-gamblefi-platform-riskonblast-rugpull
Can you guess which #protocol we are launching on OpenCover this week? 👀
🚨 Security incident #Axie Infinity co-founder Jeff “Jihoz” Zirlin has had two of his personal #wallets compromised and lost $ 9.7 million worth of #crypto funds as a result of the #exploit. Source: https://cointelegraph.com/news/axie-infinity-co-founder-wallet-hack
🌎 Ecosystem update #Circle is ending support for #USDC on the #TRON #blockchain. Source: https://www.coindesk.com/markets/2024/02/21/usdc-stablecoins-issuer-circle-dumps-tron-network-trx-steady/
🔔 Weekly industry update 🚨 Hacks 🔹 #FixedFloat was hacked for ~$ 26.1 million. 🛡️ OpenCover 🔹 Twitter Spaces AMA with #GMX and @lens/nexusmutual 🔒 Industry 🔹 @lens/nexusmutual - UMA's proposal to integrate the Nexus Mutual DAO Treasury with oSnap is live on Snapshot. Voting is open until Feb 27. 🔹 Sherlock - The proposal to do more code walkthroughs before contests is up for voting until Feb 26.
🚨 Security incident #FixedFloat was #attacked across multiple #blockchains, resulting in a ~$ 26.1m loss. Source: https://www.theblock.co/post/277959/fixedfloat-appears-to-have-been-exploited-for-26-1-million-in-bitcoin-ether
🎙️ Don't miss our Twitter Spaces with @lens/gmx_io and @lens/nexusmutual on Wednesday Wed, Feb 21 at 1 pm EST 🔔 How are we working together to keep users safe on-chain? Join us for an interactive exchange. 👉 https://t.co/X0yj7JLng1
🛡️ NEW COVER LISTED 🛡️ #GMX v2 is now live on OpenCover 🚀 Safeguard your #GM tokens on GMX v2 with @lens/nexusmutual, and save on L1 fees. GMX is a leading spot and perpetuals #DEX on #Arbitrum & #Avalanche, which enables permissionless leveraged trading. Offering self-custody, 1-click execution, low fees, and over $ 350 million in liquidity, GMX v2 has already attracted more than 110k traders. We just made over $ 5m of cover capacity available on #Arbitrum. Save $ 50+ in L1 fees and streamline cover management 🚀 Best of all, your first GMX v2 cover is free 👉 http://opencover.com/gmx (up to $ 10,000 in protection per person, $ 150,000 in total)
🤝 We’re excited to join forces with #Beefy to raise the bar on on-chain #safety. You can now directly purchase Opencover from Beefy vaults 🚀 To celebrate, we're giving out $ 500,000 of free Beefy #cover today (up to $ 10,000 in protection per person) 👉 http://opencover.com/beefy
We're launching a major Arbitrum protocol on OpenCover this week — can you guess which?
🚨 Security incident #Blockchain #gaming platform #PlayDapp was #exploited for $ 32.35 million worth of assets due to a private key compromise. Source: https://twitter.com/neptunemutual/status/1756577310977745106
🛡️ NEW COVER LISTED 🛡️ 🐮 #Beefy is officially available on OpenCover! Protect your Beefy positions with @lens/nexusmutual. Save $ 50+ in L1 fees and streamline cover management 🚀 Beefy is a decentralized, multichain #yield optimizer with over $ 177M in TVL. By autocompounding tokens, Beefy allows users to unlock higher returns on #crypto holdings. We just made over $ 1.7M of Beefy cover capacity available on #Optimism, #Base, #Arbitrum, and #Ethereum 🚀 To celebrate, we're giving out $ 500,000 of free Beefy cover today 👉 opencover.com/beefy (up to $ 10k per person).
🔔 Weekly industry update 🛡️ OpenCover: 🔹 New cover listed: #Compound v3 🚨 Hacks: 🔹 #Somesing was hacked for $ 11.58M. 🔹 #Abracadabra Money suffered a $ 6.5M #exploit. 🔹 $ 120M was stolen from #Ripple Executive's #wallet. 🔒 Industry: 🔹 @lens/nexusmutual - Q1 & Q2 2024 DAO Teams funding proposal is open for voting on Snapshot: http://tinyurl.com/yc56bm4t 🔹 #Sherlock introduced updates to the judging rules for fairer and more secure contests: http://tinyurl.com/546cw857
🛡️ NEW COVER LISTED 🛡️ #Compound v3 is now live on OpenCover. Protect your assets on Compound with @lens/nexus_mutual, without paying any L1 fees. Compound was the first to enable user-to-protocol collateralized #borrowing. Compound III is a streamlined version of the #protocol that emphasizes security, capital efficiency, and user experience, with over $ 1.1B in TVL. We just made over $ 400k of Compound III cover capacity available on #Base, #Ethereum, and #Arbitrum to save you $ 50+ in L1 fees and streamline cover management 🚀 Get 1 month of free Compound III cover today 👉 https://opencover.com/compound (up to $ 100k in protection).
🚨 Security incident #Abracadabra Money was hit by an #exploit, with an initial loss amounting to $ 6.5 million. Source: https://twitter.com/CyversAlerts/status/1752286446776451346
🚨 Security incident South Korean #crypto karaoke platform #Somesing was #hacked for $ 11.58 million worth of its native token #SSX. Source: https://www.theblock.co/post/274766/south-koreas-crypto-karaoke-platform-hacked-for-over-11-5-million
🛡️ NEW COVER LISTED 🛡️ #Exactly Protocol is now available on OpenCover! Protect your assets on Exactly with @lens/nexusmutual, without paying any L1 fees. Exactly provides autonomous fixed and variable #interest rate markets, enabling users to frictionlessly #exchange their assets' time value and complete the #DeFi credit market. We just made over $ 400k of Exactly #cover capacity available on #Optimism to save you $ 50+ in L1 fees and streamline cover management 🚀 To celebrate, we're giving out 1 month of free Exactly cover today 👉 https://opencover.com/exactly (up to $ 100k in protection).
🚨 Security incident #Blockchain #gaming project Gamee's token contracts on Polygon were #exploited for $ 15 million. Source: https://www.theblock.co/post/273911/animoca-backed-gamee-confirms-major-exploit-of-token-contracts