#29: Jeremiah Smith, OpenCover | Why 99.95% of DeFi Is Uninsured

Today’s guest is Jeremiah Smith, co-founder and CEO of OpenCover. Jeremiah explains why less than 0.05% of DeFi TVL is insured, walks through how OpenCover’s new “covered vaults” primitive eliminates the upfront cost and manual renewal problems that killed DeFi insurance adoption, and breaks down the Nexus Mutual underwriting stack that backs it all. Ryan and Jeremiah also discuss the Resolv USR fallout, the xUSD claims payout, and why embedded risk transfer is becoming table stakes for any product offering DeFi yield.

Guest Links

* Jeremiah Smith: https://twitter.com/itsJeremiahS

* OpenCover: https://opencover.com

* Nexus Mutual: https://nexusmutual.io

Host Links

* Ryan Rodenbaugh: https://twitter.com/ryanrodenbaugh

* Vaults.fyi: https://vaults.fyi

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Timestamps

* [00:00] Intro and OpenCover’s founding story