š”ļø OpenCover Alpha ā February 2025
Itās been an exciting month! Check out what weāve been up to š
TLDR:
Introducing Multi-Protocol Cover ā Broad Protection in a Single Cover
Launch of Entry, Essential, and Elite Covers
ETH Denver ā The Event of the Year
Breaking News in the Onchain Security Space
Introducing Multi-Protocol Cover ā Broad Protection in a Single Cover š
Weāre excited to unveil Multi-Protocol Cover, a game-changing feature that delivers comprehensive security and peace of mind.
Multi-Protocol Cover protects your assets across both primary protocols and their sub-protocols, allowing you to enjoy broad, seamless protection in just one cover purchase.
Thatās not allāOpenCover just got a fresh new look! Our updated UI makes it easy to choose between Single or Multi-Protocol protection.
Explore "Trending Today" and find coverage across 100+ leading protocols and protocol combinations.
Launch of Entry, Essential, and Elite Covers š
Weāre proud to bring Nexus Mutualās trusted protection to L2 with three new cover optionsāEntry, Essential, and Eliteādesigned to fit every investorās needs.
Whether new to DeFi or a skilled expert, securing your assets onchain has never been easier.
Entry Cover offers coverage against hacks, bugs, and failures across over 15 top platforms and is perfect for investors who prefer a hands-off approach to DeFi safety.
Essential Cover shields you on over 40 leading holding, trading, and borrowing platforms. It is the ultimate plan for stress-free lending and borrowing.
Elite Cover is designed for advanced users and offers unmatched protection for yield farming and trading on derivative protocols. With coverage across over 70 platforms, this plan ensures maximum flexibility when navigating advanced DeFi strategies.
ETHDenver ā The Event of the Year š¤
We're gearing up for ETHDenver, the premier gathering where over 25,000 developers, entrepreneurs, and innovators come together to push the boundaries of the Ethereum ecosystem.
Our CEO, Jeremiah Smith, will speak at the Main Event on February 28th. He will discuss the crucial role of onchain cover in bringing the institutional world to DeFi.
If youāre attending and want to connect or chat about the future of onchain protection, donāt hesitate to let us know. Weād love to meet you there.
Alpha and Breaking Onchain News šļø
We launched three Multi-Protocol covers: Pendle, Beefy, and Morpho + Morpho Vaults. OpenCover is now listed on the Coinbase cbBTC ecosystem page.
Nexus Mutual released itsĀ Q4 2024 reportĀ and proposedĀ repaying the Aave loan once ETH reaches $4500.
In other news, $29 million was drained from one of Phemex's hot wallets, and Moby experienced a security breach that resulted in a ~$2.5 million loss.
For real-time news, insights, and more, join our Discord and follow us on š.