OUSD holders can buy smart contract insurance to cover any losses that might result from any bugs or vulnerabilities in the OUSD contracts, including economic exploits (such as flash loans attacks). In addition, anyone who wants to make a financial bet on the security of our contracts can earn a yield by providing coverage.
DeFi coverage for OUSD is currently available via Nexus Mutual and InsurAce Protocol. These partnerships allow for more effective risk management by OUSD holders while creating new opportunities for coverage providers to profit.
Read our announcement post to learn how to buy coverage, provide coverage, or participate in shield mining campaigns with Nexus Mutual. You can learn more about InsurAce and how to buy coverage on their user guide or documentation.
Nexus Mutual Coverage
InsurAce Protocol Coverage
Read InsurAce Protocol’s User Guide to learn how to buy coverage and participate in underwriting mining for OUSD.