As stablecoins and liquid staking tokens grow in popularity, there’s one question on everyone’s mind. What happens if they depeg? With Depeg Cover from Nexus Mutual, you no longer have to worry about your favorite stablecoin and ETH or BTC derivatives losing their peg.
Depeg Cover protects against a loss of value for a covered token when it loses its peg.* If the reference value (e.g. US dollar) and the market value of a stablecoin differ by a certain percentage over a continuous period (typically seven days), Depeg Cover holders can file a claim to recoup their losses.** This helps alleviate one of the main concerns with stablecoins and will make a wider audience more comfortable with using these new digital currencies.
There are several new Depeg Cover listings live on Nexus Mutual:
Our team of risk experts are constantly reviewing popular stablecoins, liquid staking tokens, liquid restaking tokens, and other derivatives. If you would like to see Depeg Cover for another token, just let us know!
“The total market cap of stablecoins is over $220 billion,” said Hugh Karp, Founder at Nexus Mutual. “Eliminating the concern around depeg issues should help grow it even further.”
Ready to protect your stablecoins against depeg? Browse the available listings in the Nexus Mutual app today and find the right cover for you!
You’re Covered with Nexus Mutual
* For more information, see the Crypto Cover Wording
** For information on specific Depeg Cover products, see the relevant Annex for each covered token
