OpenCover provides protection for onchain portfolios against risks such as smart contract hacks and oracle failures. It offers cover from vetted onchain underwriters.

OpenCover

OpenCover | 734 followers on LinkedIn. Keeping you safe onchain. Backed by NFX, Alliance, Village Global, Coinbase Ventures, Jump. | OpenCover works with leading underwriters to protect individuals and institutions against onchain risks including smart contract exploits, scams and malicious transactions.

Co-founder & CTO at OpenCover

Yury Oparin

Customer Succes at OpenCover

Sarah Kalvar

VP of Blockchain Engineering at OpenCover

Csongor Bokay

Senior Software Engineer at OpenCover

Thanos Diamantidis

📣 Partnership announcement (and historic milestone for onchain finance!) We're joining forces with Request Finance and Nexus Mutual to raise the bar on end-user protection onchain. Eligible Request transactions on #Ethereum #Arbitrum #Polygon #BNB #Optimism #Avalanche are now covered up to $100,000 against technical, economic and security onchain risks — this protects the full value of over 95% of supported Request transactions. 📖 Why is this historic? "Your keys, your coins" also means your risk. Until now, onchain risk, while relatively low, has always been borne by end-users. For example, if a blockchain state produces an unexpected outcome for a given transaction the end-user is forced to absorb any losses (e.g. oracle price feed error, protocol bug). Today and for the first time, third-party transaction risk is being transferred away from blockchain end-users with Request effectively guaranteeing the outcome of transactions created on their platform using OpenCover Transaction Cover. Abstracting away transaction risk from end users is the norm in TradFi, which means that Request users now benefit from equivalent guarantees when transacting onchain while benefitting from faster settlement times, full transparency and lower fees compared to transacting on legacy rails. 🛡️ Experience the future of onchain payments yourself — true peace of mind comes from hard guarantees 👉 https://lnkd.in/djC2TDB3

📑 Proud to be part of this very special issue of The Hedge!

🇹🇭The journey continues as we attend Devcon 2024 here in Bangkok 🇹🇭 👋 If you're in town and want to catch up, say hello or grab a coffee... 🗓️The calendar is open: https://lnkd.in/eDtDnEp9

🇹🇭 Hello Bangkok 🇹🇭 We're at the DeFi Security Summit at Devcon, connecting with the best minds in the #onchain world and sharing ideas on how to build a safer #DeFi ecosystem. Organized by the Ethereum Foundation , #Devcon is where onchain builders, developers, and innovators come together to shape the future of DeFi. 👉 https://devcon.org/en/ Want to meet up? Let’s talk about how we can work together. You can book a time with us here: 📅 https://lnkd.in/eDtDnEp9 Looking forward to connecting!

Amazing to see our partnership with Request Finance reach a new milestone 🎉 Over $60M (and counting...) in transactions safeguarded for their users 🛡️ Together, we’re making on-chain payments safer 🌐

🗓️ Next Thursday we'll be at AM Best 's Europe Insurance Market & Methodology Briefings. We're excited to connect with industry leaders and discuss the future of onchain insurance. See you there! #insurance #onchain #AMBEST #London

It's been an exciting month here at OpenCover! Explore what we've been up to 🔍 1. Introducing the Base DeFi Pass: effortless crypto coverage on Base 2. The Accountant Quits podcast 3. Breaking news in the onchain security space

🚀 Last week, we launched the Base DeFi Pass 🚀 🛡 The Base DeFi Pass is the first-ever #onchain cover set to protect you against hacks, smart contract bugs, and protocol failures across the most prominent protocols on Base. Developed with Nexus Mutual , the Base DeFi Pass offers protection across 9 leading protocols on Base. 💫 A single cover purchase to keep you safe on Aerodrome, Beefy, Overnight Finance, Morpho, Uniswap, Arcadia, Compoundfinance, Moonwell, and ExtraFi. “OpenCover’s Base DeFi pass adds an extra safety net, so people can feel more secure and protected when they participate in the open DeFi ecosystem on Base" - said Base creator Jesse Pollak in CoinDesk 🤗 (Read the full article here: https://shorturl.at/xQd9y ) 🎉 More good news: we've extended our free cover period! Over the next 24 hours, your first cover is on the house (30 days of cover, up to $10,000 in protection per person). Stay safe on Base. Secure your Base DeFi Pass today 👇👇 https://lnkd.in/e7BaSx9q

🚨 The Base DeFi Pass is on CoinDesk today 📰 To celebrate, we’re extending our free cover period for the next 24 hours — check out the first link in the comments to grab your first cover free of charge (30 days up to $10,000 in coverage, while supplies last)👇

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