Introducing: The Onchain Risk Map and Report 2026
Feb 20, 2026
Crypto and Decentralized Finance (DeFi) represent the next evolution in finance. While these systems introduce new primitives for capital efficiency, coordination, and risk-sharing, they also come with new risks, often quite different from traditional finance.
As DeFi adoption increases, so does the need for a shared framework to understand these risks.
The Onchain Risk Map (onchainriskmap.com) is the first comprehensive taxonomy to map the crypto and DeFi risk landscape. It is a common good to help risk professionals, DeFi investors, and industry participants to better understand and manage onchain risk. The Onchain Risk Report 2026 translates the interactive framework on onchainriskmap.com into a structured document for deeper analysis and reference.
The Onchain Risk Map establishes a shared vocabulary among industry participants by detailing the relationship among onchain risk categories, illustrating the different risks with historical examples.
The use cases for the Onchain Risk Map include, and are not limited to:
Raising ecosystem-wide awareness of onchain risk
Creating a foundation for structured, high-quality educational content
Supporting informed risk management, underwriting, and allocations
Serving as a framework that evolves as new risks emerge
OpenCover and Nexus Mutual: Mapping Onchain Risk
The Onchain Risk Map is a common good initiative spearheaded by Nexus Mutual and OpenCover. Having helped thousands of members manage their onchain risk, we observed a pressing need for a shared understanding and vocabulary of DeFi risks.
DeFi moves fast, and new risks emerge constantly. The Onchain Risk Map will evolve as new risks surface, ensuring it remains the go-to source of truth for understanding onchain risk. We welcome inputs from experts across the ecosystem.
We'd love to hear your feedback, and please reach out if you'd like to contribute or explore how to protect yourself onchain.
