Partner Highlight: OpenCover

If you are looking for a simple way to cover your assets with low gas fees and no KYC required, then @OpenCover has the perfect solution for you!

They are always innovating new ways to make it even easier for people to protect their crypto 🛡️

Did you catch the @NexusMutualDAO community call last week?

Check out the replay here!

https://www.youtube.com/watch?v=2UiZX5F-y3Q

any minute now...

🐢 This Week in DeFi 🐢

Back in New England, they say if you don’t like the weather, wait 5 minutes. Well the same could be said about crypto…

Is your crypto spread across multiple protocols?

With our Bundled Protocol Cover product, choose from 50+ combos of the leading DeFi protocols to secure your crypto for 1 low price 🤝

Whether it's @beefyfinance + @curvefinance or @eigenlayer + @ether_fi, get your bundle today!

🐢 DeFi 101 🐢

Automated Market Maker - AMM

Pioneered by @Uniswap, AMMs replace traditional order books with liquidity pools managed with smart contracts. This allows them to automatically set prices for traders without a centralized exchange.

Next week is about liquidity!

✨We're excited to share our participation in creating the NORS certification.

NORS is a pivotal development for the Ethereum staking community.

It sets a verifiable framework for validator risk management and operational excellence.

We’re thrilled to announce the Node Operator Risk Standard (NORS) certification!

Developed in collaboration with interdisciplinary leaders to foster greater transparency and trust.

Learn more at 👉 http://nors.global

What’s the story behind Nexus Mutual?

@chainlink highlighted how @HughKarp drew on his insurance expertise to solve a crucial problem in the blockchain space

From a 20-minute pitch to $4.8B+ in assets underwritten & we’re still just getting started…

https://www.youtube.com/watch?v=AwwSlfkoWSs

Bro has no chill

🐢 This Week in DeFi 🐢

Total Value Locked (TVL) across DeFi stayed stable at around $84.8B with liquid staking, restaking, and lending commanding much of the TVL

🗳️ NMPIP 234: Nominating a New Advisory Board Member—Lee McClelland

This NMPIP has been put onchain for an all-member governance vote

$NXM holders can review and vote on this proposal in the Nexus Mutual UI: https://app.nexusmutual.io/governance/view?proposalId=234

Learn more 👇

What protocol would you like to see cover for?

Tag them below!

Nexus Mutual offers cover for 120 of the most popular DeFi protocols!

With Protocol Cover, be protected against:

🛡️Smart contract hacks
🛡️Severe liquidation failure
🛡️Governance attacks

From @aave to @yearnfi & everything in between, protect crypto on your favorite protocol!

Hack Recap: 2021 Yearn yDAI

A hacker manipulated exchange rates within a Curve pool by depositing & withdrawing over $300M of $USDC, $USDT & $DAI, profiting $2.8M!

@NexusMutual paid $2.3M+ in claims to cover holders 🤝

Hacks Happen. Protect your crypto with Nexus Mutual

Nexus Mutual is always looking for great partners who can leverage our decentralized risk management platform!

Here are some of the ways we can work together 🤝 👇

What bear market...

🐢 This Week in DeFi 🐢

After last week’s wild ride, this week was relatively quiet as crypto and DeFi started to recover

- Grayscale Ethereum Trust posted its first daily inflow after 2 weeks straight of outflows

- Coinbase teased its cbBTC launch 👀

Ever wondered how a protocol generates yield or what are staking risks?

Our new weekly 🐢 DeFi 101 🐢 series will answer all your questions about DeFi!

Under 5% of crypto holders are active in DeFi so we’re on a mission to make it easier and safer 🛡️

Drop your questions below

https://x.com/i/spaces/1MnxnDVrVrMGO