Cover Overview
Who is this for?
Depeg Cover is for anyone holding stablecoins, yield-bearing stablecoins, or similar tokens in DeFi who wants protection against the risk of a sustained loss of peg, including USDS, USDT, crvUSD, WBTC and other major tokens. The "stable" in "stablecoin" isn't always so accurate, but you're covered with Nexus Mutual.
Why is it useful?
The TerraUSD collapse showed that even seemingly stable assets can lose their peg catastrophically, and fast. Many DeFi strategies involve at least some stablecoin exposure, and Depeg Cover is the simplest way to protect that position against a sustained devaluation.
