What's Covered: a monthly look at the Nexus Mutual book plus trends and yields in DeFi October was a record month for crypto losses and a busy one for Nexus Mutual $6.5B was lost across 50 incidents, with a record $6.36B taken from Binance's hot wallets. Centralized exchanges have become a favorite target, which makes Custody Cover more important than ever. Members bought $65.3M of cover, up from $60.1M in September. A quarter of the month's purchases came through @OpenCover Covered Vaults, and @OriginProtocol's WETH and sUSDe ARMs joined as Vault Cover listings. Yields firmed, and so did the leverage behind them USDC on @aave's Ethereum market went from 3.3% to 4.2%, @base jumped to 6.7%, and borrowing against bitcoin on @Morpho's Base market passed a record $1.6B. Thin carry on growing leverage is exactly what Leveraged Liquidation Cover is written for. Full October issue of What's Covered below

How did the largest heist in history go down? Read our incident report for a detailed breakdown: - How the attack unfolded - How the damage spread - How Binance and others responded - What should have been different - and whether it's covered... Incident Report:

📣 Safenet is now live in Safe Pro! All @Safe Pro users can now add Safenet checks to transactions before they execute. Four independent Sentinels check each transaction against the Safenet Charter and post a bond with every verdict: @OpenCover @BlockSecTeam @candidelabs @IntentGuard Four validators combine those verdicts into one onchain attestation your Safe can read: Core Contributors, @gnosis_ @greenfield_cap @SafeLabs_ Decentralised security for multisigs 🔰 Rolling out to all Safe{Wallet} users next. Learn more Get Pro:

🔊 Introducing Safenet Aegis: the first production-ready and fee-generating release of Safenet, secured by $SAFE. Safenet is a decentralized security protocol for self-custody. 💲 A user submits a transaction to Safenet for a small fee. 👓 Sentinels @OpenCover, @BlockSecTeam, @candidelabs, and @IntentGuard check every transaction and are accountable for their verdicts. ✅ Validators @gnosis_, @greenfield_cap, @SafeLabs_, and Core Contributors attest the verdict onchain. 💂 A formally verified Safenet Guard can enforce the attestation, back on the user @safe , defending against threats. Safenet is live on @ethereum @arbitrum and @gnosischain and is coming soon to @SafeLabs_ multisigs. 📄 Read more: 🌐 Website:

Every Friday, we share what we shipped. And the Nook team has been busy shipping. This week, we launched access to two covered vaults through @OpenCover to beta. For early access - send the team a DM at team@nookapp.xyz

Ethereum is for shipping. Here are some of the things the Ethereum ecosystem launched, upgraded, and announced over the past month. 0/ @RobinhoodApp launched Robinhood Chain (@RobinhoodCrypto) on mainnet, an Ethereum Layer 2 built on the @arbitrum stack, enabling 24/7 trading of tokenized stocks and ETFs for users in over 120 countries through Robinhood Wallet. The network surpassed $1B in DEX volume in just over a week. 1/ @aztecnetwork achieved Stage 2 rollup decentralization under @l2beat's framework, removing governance control over its core protocol and taking another step toward trust-minimized infrastructure. 2/ @VitalikButerin shared updates to Ethereum's evolving technical roadmap, outlining the next phase of Lean Ethereum and the protocol's long-term direction. 3/ @ethlabs_org launched as a non-profit R&D lab for Ethereum and ETH. Their mission is to make Ethereum the settlement layer of the global economy. 4/ @ethereuminsti launched as an independent non-profit dedicated to accelerating the institutional adoption of Ethereum, its L2s, applications and overall ecosystem. 5/ @aave introduced Stable Vaults, fixed-rate stablecoin yield vaults designed for seamless integration into consumer applications. 6/ @zama launched the First DeFi Yield Venue for Confidential USDC (cUSDC) in partnership with @Morpho and @SteakhouseFi, bringing private stablecoin lending to Ethereum. 7/ @swissknifexyz launched a new Privacy Protocol Tracker, making it easier to compare fees, wait times, supported chains, and other metrics across Ethereum privacy protocols. 8/ Global tickets for @EFDevcon 8 went live, alongside speaker applications for this year’s conference in Mumbai, India. 9/ @Optimism and @toss__official signed an agreement to explore bringing the Korean Won onchain, expanding blockchain-based financial infrastructure for one of South Korea's largest fintech platforms. 10/ @OctantApp completed Epoch 12, its first full quadratic funding round using a zero-knowledge vote coprocessor and new voting application, distributing 88.1 WETH to Ethereum public goods projects. 11/ @0xprivacypools launched the trusted setup ceremony for Privacy Pools V2 ahead of its next protocol deployment. 12/ Gwei Name Service launched an ownerless, immutable Ethereum naming system built without administrative ownership. 13/ @ammalgam launched on Ethereum mainnet, introducing oracle-free lending without impermanent loss. 14/ @lodestar_eth added support for Fast Confirmations, allowing Ethereum node operators to confirm transactions in a single slot using validator attestations. 15/ @PrivacyBoost introduced preconfirmations for private transfers, allowing transfers to be treated as usable in around one second before final settlement. 16/ The @ethereumfndn published Ethereum Basics for Governments and Institutions, a new primer introducing Ethereum as a credibly neutral digital public utility for policymakers and enterprise leaders. 17/ @OndoFinance launched @OndoPerps, enabling tokenized stocks to be used as collateral for perpetual futures across equities, commodities, and indices. 18/ @base introduced Base Privacy, giving enterprises infrastructure to trade, pay, and settle onchain with built-in confidentiality and compliance features. 19/ @BGDA_UK launched BAGEY, a natively tokenized UK regulated fund on Ethereum where the blockchain serves as the legal register of record. 20/ @sparkfinance launched the Stablecoin FX Layer on @Uniswap v4, introducing shared liquidity infrastructure that lets stablecoins access a common liquidity layer. 21/ @Trueo_ launched user-created prediction markets, allowing anyone to create a market by asking a question and letting participants trade on the outcome through a fully onchain prediction market. 22/ @kpk_io integrated @OpenCover Covered Vaults, allowing depositors to add opt-in onchain insurance to curated vaults, with coverage underwritten by @NexusMutual. 23/ @PropellerSwap launched Turbine on Ethereum mainnet, enabling large trades to settle with lower slippage by sourcing liquidity across onchain, offchain, and peer-to-peer markets. 24/ Hosted by @web3privacy, the Neocypherpunk Summit brought together around 1,000 builders and researchers in Berlin to advance privacy, open-source infrastructure, and human rights. 25/ @eth_systems launched as a company building modular privacy infrastructure for institutional Ethereum.

🙏 Special thx to @kpk_io for sponsoring us! 🛡️ Depositors can now add onchain cover to their KPK curated vaults. 💡 Cover is opt-in through @OpenCover Covered Vaults, underwritten by @NexusMutual. 👊 Earn yield with 7 covered vaults by KPK on @Morpho.