📢 The Tech Memo, our weekly 1️⃣ min summary of top tech news for busy founders is now available to all!
Discover it today on Product Hunt 👉 https://t.co/pQUUSyRkPf
#launch#tech#news#startups
The first Covered Vault on @Plasma is live.
@YuzuMoneyX integrated OpenCover as part of its sophisticated toolkit for managing onchain capital.
Cover your syzUSD in seconds on Yuzu 🍋
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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 ↓
👁️ A thoughtful look at the current state of onchain risk transfer, why early insurance models struggled, and why integrated protection is emerging as the next phase of DeFi infrastructure.
Worth a read.
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.
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⤵️
📣 Introducing: stNXM
A new primitive in the @NexusMutual ecosystem, built by @EaseDeFi.
stNXM is liquid staking for NXM, turning underwriting capital into a composable, yield-bearing asset. 👇
⚡️ 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 ⤵️
What if your vault position came with a safety net?
@OpenCover is onchain vault insurance, making any DeFi vault insurable; without leaving the protocol. Up to $50M coverage per vault!
Toggle cover on or off by staking your vault shares.
🏆 OpenCover is @Base app of the week!
Covered Vaults are live, bringing hacks and bad debt protection directly into the vault deposit flow.
Access the ultimate safety net for your vault positions 👇
🚨 The USR depeg was brutal and it's only been 5 months since xUSD.
Painful reminder: Zero risk exists neither onchain nor offchain.
Sharing everything we've learned in the last year about vault-native risk transfer and how to tackle it at @Vault__Summit hosted by @Morpho 🔜
🎤 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 🛡️
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.
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💪
👀 Looking for covered yield, all in one place?
⚠️If the last week has taught us anything, it's that zero risk does not exist and covering your assets is a good idea.
🤝 That's why we created @OpenYield. The only directory of coverable yield.
🛡️ Cover your assets 👇