The Tech Memo

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[The Tech Memo @TheTechMemo]

Very funny!

[Jeremiah Smith 🛡️🍊 @itsJeremiahS]

https://t.co/eRswFaOfkw

[OpenCover @OpenCover]

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.

[The Tech Memo @TheTechMemo]

Feeling optimistic!

[OpenCover @OpenCover]

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⤵️

[Vault Summit @Vault__Summit]

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.

[OpenCover @OpenCover]

👀 Spotted: the first @OpenCover Covered Vaults are live on @DeBankDeFi.

More coming soon...

[The Tech Memo @TheTechMemo]

Doing DeFi? Do better DeFi 👇

[OpenCover @OpenCover]

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 👇

[The Tech Memo @TheTechMemo]

Worth a look!

[Jeremiah Smith 🛡️🍊 @itsJeremiahS]

⚡️ 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 ⤵️

[OpenCover @OpenCover]

🎤 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 🛡️

[Vault Summit @Vault__Summit]

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.

[The Tech Memo @TheTechMemo]

Congrats!

[OpenCover @OpenCover]

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💪

[Jeremiah Smith 🛡️🍊 @itsJeremiahS]

🙋🏻‍♂️ 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 @TheTechMemo]

Congrats on the launch 🚀🚀🚀

[OpenCover @OpenCover]

🚀 JUST LAUNCHED 🚀

🛡️ We teamed up with @vfat_io to keep you safe onchain while earning market-leading yields on @Base 🔵

Earning safely with DeFi has never been this simple 👇

[OpenCover @OpenCover]

🛡️ We're joining forces with @Coinbase to help you stay safe onchain 🛡️

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 👇

[Jeremiah Smith 🛡️🍊 @itsJeremiahS]

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!

👇🏻👇🏼👇🏽👇🏾👇🏿

[OpenCover @OpenCover]

📣 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!) 👇🏻👇🏼👇🏽👇🏾👇🏿https://t.co/ZI9UG1GckE

[Richard Chen @richardchen39]

Loss ratio is the most important metric in insurance.

It shows whether an insurance business is making money (claims / premiums).

@NexusMutual is the only DeFi cover provider that has a loss ratio < 1.

Nexus Mutual: 0.74
Unslashed: 2.53
InsurAce: 4.88

https://t.co/0k5XObERwm

[OpenCover @OpenCover]

🚨Your keys, your coins — your risk.

Last week, the Euler hack proved that DeFi safety remains a critical issue.

Since the UST depeg, our team has helped DeFi users recover $1,000,000+ through DeFi insurance alternatives.

Today, we’re excited to share what we’ve learned

🧵👇

[Chainstack 💙🛠️ @ChainstackHQ]

Introducing our newest partner @OpenCoverDeFi 🛡️, the #1 source for DeFi cover data, news and insights. 📈 With over 91.7% coverage of DeFi cover activity by TVL across multiple networks. Make #DeFi safe & accessible to all with their latest insights 😎

https://t.co/voqvR9POs6

[The Tech Memo @TheTechMemo]

GM!