TLDR:
Coming Soon: The Onchain Risk Map 2026
Embedded Cover, Live on Cap
Sherlock Audit Contest
New Protocol Cover Options
Digital Assets Forum (DAF) London
Alpha and Breaking Onchain News
We’re introducing a new standard for understanding and managing onchain risk.
The Onchain Risk Map 2026 is the first comprehensive taxonomy of DeFi risk, built for risk professionals, protocols, and institutional DeFi users.
Developed in partnership with Nexus Mutual, it delivers a structured framework and tool for institutional-grade onchain risk management.
📆 Launch webinar & expert briefing → Wednesday, 11 February / 17:00 CET
With Jeremiah Smith (CEO at OpenCover), Ricky Tan (COO at Nexus Mutual), and Semra Gulce Turan (Head of Community at Nexus Mutual).
Follow @OpenCover on X to be the first to know when the launch webinar link drops for a walkthrough of the framework, expert insights, and live Q&A.
OpenCover is now natively integrated into Cap, enabling protection for cUSD minting, stcUSD staking, and Pendle PT/YT positions, directly in-dApp.
With over $300 million in TVL, Cap issues one of the fastest-growing yield-bearing stablecoins.
Cover your yield in just a few clicks and receive a payout if an incident occurs, including a protocol hack, oracle manipulation, liquidation failure, governance attack, or stablecoin depeg.
Head to cap.app/swap
Select cUSD, stcUSD, or a supported Pendle PT/YT
Click Buy Cover
Choose coverage type, amount, and duration
Click “Mint, Stake & Buy Cover”
Last month, OpenCover participated in an audit contest run by Sherlock, inviting top security researchers to review our code and compete for an $18,500 reward pool.
The contest has now concluded, and the results are currently in the judging phase.
We remain committed to continuous security review and transparent risk management as we scale.
We’re offering more ways to protect your yield with expanded protocol cover:
Upshift: Protocol Cover now live
IPOR: Protocol Cover now live
Morpho: Coverage expanded to additional markets
Avant: Protocol Cover available for eligible strategies
Secure your positions in just a few clicks and find onchain peace of mind.
We’ll be in London for the Digital Assets Forum from 5–6 February.
If you’re around too, don’t miss the chance to connect. Book a slot in our calendar to discuss tailored onchain risk management.
Makina Finance was exploited for $5 million, and Step Finance suffered a $29 million treasury wallet compromise.
In other news, the most popular covers on OpenCover last month were vfat, Cap, and Beefy.
For real-time news, insights, and more, join our Discord and follow us on 𝕏.
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