๐ข The Tech Memo, our weekly 1๏ธโฃ min summary of top tech news for busy founders is now available to all!
Discover it today on Product Hunt ๐ https://t.co/pQUUSyRkPf
#launch#tech#news#startups
Protected onchain yield is now live directly inside @usePicnic ๐ก๏ธ
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 savingsโคต๏ธ
๐ฃ 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. ๐
โก๏ธ My full talk on vault-native risk transfer @Vault__Summit@EthCC
โ Why managing vault risk is critical for institutional adoption
โ Why vault-native risk transfer is so hard
โ How @OpenCover is solving it โคต๏ธ
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.
๐ 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 ๐
๐จ 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 ๐
๐ค Our CEO @itsJeremiahS takes the stage at the @Vault__Summit during @EthCC.
Weโre unveiling a new approach to making protection against hacks, depegs, and protocol failures native to onchain vaults.
Vault-native risk transfer is coming ๐ก๏ธ
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 @matrixtehen๐ช
๐ Looking for covered yield, all in one place?
โ ๏ธIf the last week has taught us anything, it's that zero risk does not exist and covering your assets is a good idea.
๐ค That's why we created @OpenYield. The only directory of coverable yield.
๐ก๏ธ Cover your assets ๐
๐ JUST LAUNCHED ๐
๐ก๏ธ We teamed up with @vfat_io to keep you safe onchain while earning market-leading yields on @Base ๐ต
Earning safely with DeFi has never been this simple ๐
๐ก๏ธ We're joining forces with @Coinbase to help you stay safe onchain ๐ก๏ธ
Starting today, Coinbase One members benefit from 10% off the @Base DeFi Pass and the entire catalog of OpenCover products.
It has never been easier to earn yield on top DeFi protocols with peace of mind ๐