Vault Cover - Nexus Mutual - Crypto Insurance Alternative & DeFi Cover

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Vault Cover

Vaults have quickly become the new DeFi primitive of choice, but with this new structure comes some familiar risks. Nexus Mutual supports vault infrastructure providers, curators, and investors with industry-leading protection for these new DeFi tools. OpenCover, working closely with Nexus Mutual, has also introduced a novel and seamless way to keep funds safe in vaults through their Covered Vaults.

Protects against a loss of funds due to:

Smart contract exploits/hacks

Oracle failure & manipulation

Liquidation failure

Governance takeovers

Overview

No. of listings

Annual fee

1.51%

11.67%

Browse listings

Product

Annual fee

Covered Smokehouse USDC

2.45%

Covered Sentora PYUSD Main

3.87%

Covered Steakhouse High Yield

2.73%

Covered Smokehouse USDT

1.51%

Covered Liquity ETH Carry

5.22%

Covered Origin eETH ARM

1.82%

Base - Steakhouse High Yield

3.95%

Base - Flagship SuperVault

4.01%

Base - yoUSD

8.45%

Base - Gauntlet USDC Prime

3.12%

See all listings

Vault Cover

Protects against a loss of funds due to:

Smart contract exploits/hacks

Oracle failure & manipulation

Liquidation failure

Governance takeovers

Overview

No. of listings

Annual fee

1.51%

11.67%

Browse listings

Product

Annual fee

Covered Smokehouse USDC

2.45%

Covered Sentora PYUSD Main

3.87%

Covered Steakhouse High Yield

2.73%

Covered Smokehouse USDT

1.51%

Covered Liquity ETH Carry

5.22%

Covered Origin eETH ARM

1.82%

Base - Steakhouse High Yield

3.95%

Base - Flagship SuperVault

4.01%

Base - yoUSD

8.45%

Base - Gauntlet USDC Prime

3.12%

See all listings

Vault Cover

Protects against a loss of funds due to:

Smart contract exploits/hacks

Oracle failure & manipulation

Liquidation failure

Governance takeovers

Overview

No. of listings

Annual fee

1.51%

11.67%

Browse listings

Product

Annual fee

Covered Smokehouse USDC

2.45%

Covered Sentora PYUSD Main

3.87%

Covered Steakhouse High Yield

2.73%

Covered Smokehouse USDT

1.51%

Covered Liquity ETH Carry

5.22%

Covered Origin eETH ARM

1.82%

Base - Steakhouse High Yield

3.95%

Base - Flagship SuperVault

4.01%

Base - yoUSD

8.45%

Base - Gauntlet USDC Prime

3.12%

Cover Overview

Who is this for?

Vault Cover is for vault infrastructure builders, curators, or investors who are looking to keep vaulted capital safe. With over 10 choices on OpenCover and more being added all the time, there are a variety of options available for some of the most popular vaults in DeFi. Contact the Nexus Mutual team to talk about custom cover for your vault.

Why is it useful?

While vaults make DeFi more accessible to a wider audience, they also abstract away some of the underlying risk. A depositor might see the top-line yield and assume the only risk they face is a decreasing APY. Vault Cover protects funds against the layers of onchain risk behind the yield, allowing investors to comfortably earn a risk-adjusted return.

Have questions about securing your crypto?

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