Insurance coverage active

Evidence summary #

Nexus Mutual offers user-electable Protocol Cover on specific Morpho Blue markets (wstETH/USDC, weETH/WETH, Base DeFi Pass bundle). This is user-elected coverage, not a protocol-sponsored blanket insurance program. No Sherlock or equivalent protocol-level coverage found.

Detail #

Coverage is not entirely absent (Nexus Mutual actively covers specific Morpho Blue markets), which distinguishes this from a red (no insurance at all). However, it falls short of a protocol-purchased blanket insurance program. Yellow is appropriate. Not applying the gray/permissioned-protocol exception as Morpho is a general DeFi protocol.

Sources #

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 →