Insurance coverage active
crvUSD (Curve Stablecoin)'s assessment for RD-F-089 — scored red on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
No protocol-level insurance fund or active coverage found for crvUSD. Curve does not operate a first-party insurance/reserve fund. Nexus Mutual offers a 'crvUSD Depeg Cover' product (valid if crvUSD depegs 10% for 7 consecutive days) but this is user-purchased third-party coverage, not a protocol-maintained cover position. No evidence of Curve DAO governance vote authorizing purchase of institutional Nexus Mutual, Unslashed, or Sherlock coverage on behalf of the protocol. Data cache bug_bounty.platform=null (Immunefi not used; no coverage evidence there either). Red.
Sources #
- URLNexus Mutual — crvUSD Depeg Cover listingNexus Mutual crvUSD Depeg Cover — user-side third-party product, not protocol-level coverretrieved 2026-05-16
- crvUSD data cache — bug_bounty.platform field00-data-cache.json bug_bounty.platform=null — Immunefi not used; no insurance API dataretrieved 2026-05-16
Methodology #
Determine whether active coverage on Nexus Mutual, Unslashed, Sherlock, or equivalent is in force; record cover size in USD.
See the full factor methodology and distribution across all protocols →