🛡️ OpenCover Alpha – March 2025
Explore what we’ve been up to this month – Coinbase One partnership, ETHDenver, over $150M transactions covered with Request Finance, and more 📊
TLDR:
OpenCover and Coinbase join forces to keep users safe onchain
OpenCover and L1 Advisors launch institutional wealth protection pilot
OpenCover at ETHDenver
Over $150M in transactions protected with Request Finance
Breaking news in the onchain security space
OpenCover and Coinbase join forces to keep users safe onchain 🤝
OpenCover and Coinbase have signed the first-ever partnership to keep you safe onchain. OpenCover is now part of Coinbase One’s onchain benefits program.
Starting today, Coinbase One members can enjoy 10% off the Base DeFi Pass and the entire catalog of OpenCover products. Your first cover is free, offering up to $1,000 in protection.
Getting started is simple:
Start your free 7-day trial of Coinbase One
Link your wallet to your Coinbase account
Your discount will automatically apply at checkout
Linking a wallet to your membership unlocks exclusive deals across top DeFi trading, social, and NFT apps. If you’re already a member, you can claim your benefits today.
OpenCover and L1 Advisors launch institutional wealth protection pilot 🌞
OpenCover and L1 have introduced a pilot program offering institutional-grade risk protection for onchain portfolios.
Backed by Nexus Mutual, this partnership allows asset managers, family offices, and high-net-worth individuals to safeguard their holdings against DeFi risks, including smart contract bugs and governance attacks.
L1’s platform integrates OpenCover protection, providing enhanced security for investors onchain. With the growing institutional adoption of DeFi, this initiative bridges traditional finance and the blockchain world, ensuring greater confidence and protection.
OpenCover at ETHDenver 🤖
OpenCover was at ETHDenver last week, connecting with some of DeFi's brightest minds.
Our CEO, Jeremiah Smith, took the stage to unpack the history, current solutions, and future of onchain insurance.
We announced OpenCover's partnership with Coinbase, CB1 onchain benefits, and our L1 pilot.
To celebrate ETHDenver, we’re giving away limited-edition prizes. Spin the wheel to test your luck!
Over $150M in transactions protected with Request Finance 🛡️
We just reached a new milestone with $150M in transactions covered with Request Finance.
Enjoy safer invoicing, payroll, and bill payments with seamless coverage across Ethereum, Arbitrum, Polygon, and now, Base, ensuring an extra layer of security for your onchain transactions.
As DeFi adoption grows, so do risks like hacks, smart contract exploits, and oracle failures. Our goal is simple: make onchain transactions safer for everyone.
With Request Finance, cover is automatic. For invoicing, payroll, or bill payments, transactions are protected against onchain risks—up to $100,000.
We are proud to be setting a new standard for secure onchain payment.
Let’s keep building a safe DeFi future together.
Alpha and Breaking Onchain News 🗞️
Balancer v3 is officially available on OpenCover, and we introduced Depeg Cover in partnership with Nexus Mutual.
You can now purchase cover with fiat on Base, and we launched stablecoin and WBTC depeg protection.
In other news, Bybit lost $1.4 billion in the largest hack in crypto history.
For real-time news, insights, and more, join our Discord and follow us on 𝕏.