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OpenCover
2,630 posts
OpenCover
@OpenCover
🛡️ Keeping you safe onchain 🛡️
Backed by @Alliance, @CoinBase Ventures @Base Ecosystem Fund, @Jump_, @NFX, @OrangeDAOxyz, @InnovateUK and @LloydsofLondon Lab
- ⚡️ Introducing the @OriginProtocol eETH ARM Covered Vault. Underwritten by @NexusMutual, this new Covered Vault protects Origin depositors against: • Smart contract exploits • Oracle manipulation and failure • Liquidation failure (bad debt) • Governance attacks ↓
Why ARM? ARM is a purpose-built liquidity venue for redeemable assets. It ties secondary-market pricing to the asset's redemption rails, leading to higher ROIs for LPs and better pricing for traders. Read Origin's deep dive: x.com/OriginProtocol… Get started ↓ - ⚡️BREAKING A new Covered Vault just dropped. Introducing the Covered @ipor_io Fusion @LiquityProtocol ETH Carry vault with embedded protection against technical and economic risk, including bad debt. ↓
Replying to @OpenCoverLive rate for the @ipor_io Covered @LiquityProtocol ETH Carry Vault: Naked APY (variable): 8.10% Cover fee (fixed): 3.73% Net Covered APY: 4.37%
- 👁️ 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.
- Covered Vaults are making protection a native part of the onchain savings experience, from Brazilian fintech Picnic to the Superform Base app. Read the latest Alpha 🗞️ opencover.substack.com/p/alpha-june-2…
- OpenCover reposted
Most savings apps ask you to trust them with your money. Picnic @usePicnicBR built one where the money never leaves your control. Onchain yield, embedded cover, a Safe you own. On Gnosis Pay rails. In Brazil. Today. 👏 @OpenCover - 👁️ A new Covered Vault deployment is almost here. 7 Covered Vaults. Embedded protection. Soon.
- Excited to support the @ipor_io Fusion @LiquityProtocol ETH Carry vault with embedded protection. More details coming soon 👀The Liquity Carry vault on @ipor_io is now covered by @OpenCover Your deposit gets full coverage, while still earning 4%+ APR on ETH 👀 Check it out here: opencover.com/vaults/fusion
- 🔥 BREAKING Covered Vaults are live in the @superformxyz @base mini app. Users can now activate embedded onchain protection at deposit with a single tap. This is what vault-native risk transfer looks like ↓
Replying to @OpenCoverFor the first time, Covered Vaults enable vault-native risk transfer with: • No upfront payment. • No duration commitment. • No separate workflow. The most battle-tested onchain protection built directly into the Superform vault experience ↓Shoutout to @superformxyz for making onchain protection feel seamless to the end user 🤝 This is exactly how mature financial infrastructure should work. Ready to make protection native to your own product? Reach out on opencover.com/institutional to get started.
