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Joined November 2017
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Boom!
Treasury USDC sits idle for one reason: nobody will sign off on uninsured protocol risk.
Quicknode Earn now offers covered strategies: automated USDC yield via @Morpho on @Base, with built-in cover from @OpenCover.
One policy that moves with your capital. Learn more ↓
The Tech Memo retweeted
Origin’s WETH and sUSDe ARM Vaults are now available with embedded cover from @OpenCover, underwritten by @NexusMutual.
The sUSDe ARM is the only covered yield option for $USDe. 🧵
The Tech Memo retweeted
Protected onchain yield is now live directly inside @usePicnic 🛡️
One of the first real-world examples of embedded onchain protection reaching mainstream fintech UX.
Powered by @OpenCover and underwritten by @NexusMutual.
Cobertura on-chain: @OpenCover + @NexusMutual
A posição sDAI é "embrulhada" em ocsDAI. Um Cover NFT é emitido pela Nexus Mutual como garantia da proteção (visível no app).
Garantia: depeg do sDAI ≥ 10% por ≥ 7 dias.
Cobertura discricionária, parcial (0.975 USDC/sDAI) em 30 dias.
Feeling optimistic!
COVERED VAULTS SPOTLIGHT
The Covered @Morpho @gauntlet_xyz USDC Prime vault is currently yielding 6% APY on @Optimism
DeFi with risk priced in, outperforming offchain savings⤵️
The Tech Memo retweeted
Over $7 billion has been lost to DeFi exploits. Less than 1% of total value locked is insured.
There are three pillars of vault risk management: assessment, mitigation, and risk transfer. The industry currently only does the first two.
@itsJeremiahS, @OpenCover on vault-native risk transfer and what it takes to close the protection gap.
The Tech Memo retweeted
👀 Spotted: the first @OpenCover Covered Vaults are live on @DeBankDeFi.
More coming soon...
Doing DeFi? Do better DeFi 👇
What are Covered Vaults, and how do they work?
🎙️ @itsJeremiahS breaks down the mechanics behind the first vault-native risk transfer primitive, and how we built it from the ground up.
Full episode (#29) with @vaultsfyi CEO @ryanrodenbaugh 👇
Worth a look!
⚡️ My full talk on vault-native risk transfer @Vault__Summit @EthCC
→ Why managing vault risk is critical for institutional adoption
→ Why vault-native risk transfer is so hard
→ How @OpenCover is solving it ⤵️
The Tech Memo retweeted
🎤 Our CEO @itsJeremiahS takes the stage at the @Vault__Summit during @EthCC.
We’re unveiling a new approach to making protection against hacks, depegs, and protocol failures native to onchain vaults.
Vault-native risk transfer is coming 🛡️
The Tech Memo retweeted
As vault systems grow, risk transfer becomes part of the product.
@itsJeremiahS, Co-founder & CEO of @OpenCover, will discuss the opportunities behind making protection against hacks, depegs, and other protocol-level risks more native to onchain vault products.
Congrats!
Perfect is the enemy of good, except when it comes to security.
The results are out: 700+ security researchers at @sherlockdefi tried to break our new Insured Vault primitive, without success.
Not a single valid find.
Kudos to the OpenCover team and especially @matrixtehen💪
The Tech Memo retweeted
🙋🏻♂️ ICYMI here's my full insurance 101 talk @EthereumDenver
🛡️ Learn how to protect yourself onchain with @OpenCover @NexusMutual @PocketUniverseZ @sherlockdefi @ChainproofDAI @Corkprotocol and more!
The Tech Memo retweeted
The Tech Memo retweeted
We just launched the @Base DeFi Pass — one of the biggest innovations in blockchain protocol protection of the year with @NexusMutual 🛡️
Exclusively on @ProductHunt today with $1,000,000 of free cover up for grabs for early supporters!
👇🏻👇🏼👇🏽👇🏾👇🏿
📣 Breaking: the @Base DeFi Pass is now available to everyone 🔵
The Base Pass is the *very first* protocol cover offering all-in onchain protection across top Base protocols.
Check out the launch exclusive on @ProductHunt (and get free cover!) 👇🏻👇🏼👇🏽👇🏾👇🏿producthunt.com/posts/the-ba…
The Tech Memo retweeted
📣 Breaking: the @Base DeFi Pass is now available to everyone 🔵
The Base Pass is the *very first* protocol cover offering all-in onchain protection across top Base protocols.
Check out the launch exclusive on @ProductHunt (and get free cover!) 👇🏻👇🏼👇🏽👇🏾👇🏿producthunt.com/posts/the-ba…