222796
Nexus Mutual

@nexusmutual #222796

The insurance alternative for crypto and more
45 Follower 82 Following
Attention Pendle farmers πŸ§‘β€πŸŒΎ

More opportunities to earn on your LRTs with peace of mind when you purchase one of our Bundled Protocol Cover offerings πŸ‘‡
πŸ›‘οΈ Yearn Juiced Vaults Bundled Protocol Cover πŸ›‘οΈ

Depositing $WETH, $DAI or $USDC into one of the Yearn Juiced Vaults?

Now you can buy Bundled Protocol Cover to protect your crypto against smart contract risk across both the Yearn + Ajna protocols 🐒

Learn more πŸ‘‡
Bundled Protocol Cover πŸš€

We're excited to announce our newest cover product
πŸ”Ή Bundled Protocol Cover

Now, you can buy one (1) Cover NFT to protect your crypto assets against smart contract risk across multiple DeFi protocols πŸ›‘οΈ

Learn more πŸ‘‡
https://nexusmutual.io/blog/bundled-protocol-cover-is-live
Protecting the @basegod is Based πŸ”΅

Buy Beefy & Aerodrome Protocol Cover to protect your $TYBG - $ETH LP on Beefy πŸ›‘οΈ

➑️ Aerodrome: https://opencover.com/app/?invite=LNDHDR&cover=129
➑️ Beefy: https://opencover.com/app/?invite=LNDHDR&cover=14

https://twitter.com/beefyfinance/status/1765372584755933221
Are you a @dune.eth Wizard?

The DAO R&D team is looking for a regular contributor to replace their outgoing Dune Wizard πŸ§™

If you're one with the ways of Dune Spell casting, read about the role and apply on the Nexus Mutual governance forum πŸ‘‡
https://forum.nexusmutual.io/t/dune-wizard-dao-contributor-role/1394
πŸ”¦ Listing Spotlight: Gearbox v3

Demand for ETH on Gearbox v3 is off the charts!

ETH on the passive side is earning 26%+ APY πŸ”₯

We just listed Gearbox v3 Protocol Cover, so you can earn on your ETH w/ peace of mind πŸ›‘οΈ
➑️ Gearbox v3: https://app.nexusmutual.io/cover/buy/get-quote?productId=135
We're working to add more Protocol Cover listings on Nexus Mutual πŸ›‘οΈ

Is there a protocol you'd love to buy cover for? Does your team want to get your protocol listed on Nexus Mutual?

Join our Discord and request a listing!
https://discord.gg/nexusmutual

Or drop your requests in this thread πŸ‘‡
@bravenewdefi's DeFi rates review is worth a read!

Protect yourself against hacks while earning those high APYs πŸ›‘οΈ

Protocol Cover is available for Yearn v3, Aave v2, Aave v3 + many others!
➑️ Nexus Mutual: https://app.nexusmutual.io/cover
https://warpcast.com/bravenewdefi/0x4584b8a2
πŸ’‘ Listing Spotlight: Equilibria

Renzo users who boost their yield through Pendle & Equilibria can protect their ezETH w/ Protocol Cover πŸ›‘οΈ
➑️ Equilibria Protocol Cover: https://app.nexusmutual.io/cover/buy/get-quote?productId=132

Learn more πŸ‘‡
https://twitter.com/Equilibriafi/status/1757721866498900159
We're looking to work w/ teams building yield aggregators & protocol teams interested in improving access to cover to better protect users against hacks/exploits: https://forum.nexusmutual.io/c/ecosystem/35

Let's work together to make DeFi safer in 2024 ✨

Learn more πŸ‘‡
https://warpcast.com/nexusmutual/0x7d8cb78a
Our V2 was built as the infrastructure layer for risk management in #DeFi to help others protect against DeFi's greatest risks πŸ›‘οΈ

Other teams have built on top of the Mutual to make cover more accessible and help protect users against losses caused by hacks πŸ‘‡
We're looking to work with more protocol teams to protect users. How can we better support protocols building within the Optimism ecosystem and help onboard the next wave of users on Optimism?
If you missed it, @bravenewdefi spoke with UMA on Twitter Spaces about the oSnap NMDP on the Nexus Mutual governance forum: https://forum.nexusmutual.io/t/nmdp-add-osnap-to-the-nexus-mutual-snapshot-space/1379

Listen to the recording for more info πŸ‘‡
https://twitter.com/UMAprotocol/status/1758166847684497625
We need to protect more users against DeFi risks and safely onboard the next wave of people on chain

It's time for on-chain protection to go mainstream πŸ›‘οΈ

Check out OpenCover's billboard in Time Square today πŸ‘‡
https://twitter.com/OpenCoverDeFi/status/1758232201726939634
Spark has seen incredible growth in 2024, with more users than ever lending in their market πŸš€

πŸ›‘οΈ Lend on Spark, buy Protocol Cover, enjoy peace of mind

You can protect your deposits for only 1.46% per year w/ Spark Protocol Cover from the Mutual: https://app.nexusmutual.io/cover/buy/get-quote?productId=115
Our last week in cover sales πŸ“Š

πŸ›‘οΈ $11.2m USD worth of cover sold
πŸ’° Members earned $45.3k USD in fees
🐒 Total active cover stands at $30.1m USD

For more info, check out the post on our Governance Forum πŸ‘‡
https://forum.nexusmutual.io/t/2024-02-week-2-the-last-week-in-review-5-11-february-2024/1382
Every year, everyday users and funds lose billions due to hacks and exploits on chain.

The causes stem from technical AND economic vulnerabilities in DeFi protocols πŸ’£

We designed Protocol Cover to protect against smart contract + economic risks πŸ‘‡
https://twitter.com/DefiantNews/status/1755615473952293160?s=20
Demystifying DeFi Hacks πŸ•΅οΈ

This is start of a new series where we'll be reviewing common vulnerabilities in terms anyone can understand, with new posts arriving every Friday.

Today, we'll talk about reentrancy attacks and look at a case study πŸ‘‡
https://twitter.com/NexusMutual/status/1753425564453712016
The Abracadabra hack adds another ~$7m in losses to the $125m already lost to date in other exploits. It doesn't have to be this way.

How Protocol Cover protects your productive crypto assets against the greatest risks in DeFi: https://docs.nexusmutual.io/overview/cover-products/protocol-cover
Over the last several years, DeFi users have lost more than $7.8b due to onchain hacks/exploits.

In 2024, we're on a mission to protect our fellow onchain people and farmers against DeFi's greatest risks.

Tell us how we can work with your team or help protect more DeFi users like you in 2024 πŸ‘‡