DeFi Risk Coverage Platform Update

With (crypto and TradFi) markets in the red recently it is no surprise that the numbers are mostly down across the DeFi risk ecosystem. However, it does mean that those few increasing metrics are impressive.

Some other general news from the platforms is that Nexus Mutual state that the average amount of capital covered has increased from around $500k to over $1m, due to a few recent multi-million dollar cover buys. InsurAce is continuing their strategy to offer coverage for as many protocols as possible. A quick read of their roadmap for 2022 shows that they hope to cover 200+ by Q3. Bridge Mutual is in the process of deploying V2 which enables leveraged staking.


  • Bridge Mutual increased annualized premium earned, despite a decrease in active cover amount.
  • InsurAce increased active cover amount (~$ 69m to $ 73m), potentially due to their ever-increasing offering of covered protocols.
  • InsurAce also saw a drastic jump in market capitalization from just under $20m to around $52m at its highest this month. This was due to a change in how Coingecko considered vested tokens. Previously team and investor tokens which were unlocked but not withdrawn, were not considered within the supply figure; now they are.

Most popular covers

Nexus Mutual Top 3 protocols covered:

  1. Anchor
  2. Curve
  3. Aave v2

Bridge Mutual Top 3 protocols covered:

  1. Ice Token
  2. Orion Protocol
  3. Anchor

Insurace Top 3 protocols covered:

  1. UST De-Peg
  2. USDT De-Peg
  3. Anchor

About Bright Union

Bright Union is the world-leading multi-chain decentralized finance cover marketplace. Our mission is to safeguard your digital assets from hacks, smart contract failures, and rug pulls by empowering the crypto community to cover one another in a decentralized and permissionless manner.

Bright Union provides the most comprehensive range of crypto insurance on the market at competitive prices. Furthermore, Bright Union will soon release its unique suite of cutting-edge risk solutions, providing investors with outstanding investment and coverage opportunities. Be bright and take advantage of DeFi’s exponential growth.

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Bright Union

Bright Union

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