DeFi Risk Coverage platform update

Bright Union presents the bi-weekly update of the ecosystem in DeFi risk markets. This article aims to introduce the overview landscape and share knowledge collected around several of the most major protocols.

With recent hacks of CREAM finance, Bilaxy and xSNX resulting in potentially losses of over $44m in total, there has never been more reason for users to protect their digital assets and buy coverage. Bright Union’s expectations are that active coverage will increase for all partners who are currently offering these products.


  • The active cover amount of ArmorFi has increased from $94m to $133m, an increase of around 41%. This may be a result of their most recent initiative of a referral programme for increased income.
  • After Nexus Mutual’s recent explosion in active covers earlier this month, the amount of active covers has decreased slightly from $525m to $492m.
  • InsurAce increased active covers from $20m to $25m.

Nexus Mutual cover liquidity seems to have decreased significantly from the last update. However, this was due to an error on our part resulting in an inflated figure.

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About Bright Union

Bright Union is launching the world’s leading aggregator and accelerator for the crypto risk markets. Our mission is to make the crypto risk markets work. On our decentralized crypto coverage platform, crypto users can cover their assets, stake and cover the community, and earn guaranteed yield through Bright Staking with embedded coverage.

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Web3 Insurance marketplace that allows DeFi users to to buy and provide coverage against hacks and protocol failures.

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Bright Union

Bright Union

Web3 Insurance marketplace that allows DeFi users to to buy and provide coverage against hacks and protocol failures.

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