defirisk.co
rubric v1.7.0

Insurance coverage active

Spiko'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 active smart-contract insurance coverage found on Nexus Mutual, Sherlock, or Unslashed for Spiko, EUTBL, or USTBL. Immunefi does not list a Spiko program. Web search for 'Spiko Nexus Mutual OR Sherlock OR Unslashed' returns no results linking Spiko to any DeFi insurance provider. $1.22B TVS across seven chains with zero coverage is a structural gap. This mirrors the circle-usyc precedent (same finding, same conclusion). No self-insurance disclosure found in any public source.

Sources #

  • URL
    Nexus Mutual — DeFi cover providerNexus Mutual — no Spiko cover listed on nexusmutual.io as of 2026-05-16retrieved 2026-05-16
  • URL
    Spiko Blog — no insurance announcement foundWeb search for Spiko + insurance providers returned no matching resultsretrieved 2026-05-16
  • Internal
    Spiko data cache — bug bounty / insurance fields00-data-cache.json bug_bounty.platform: null; no insurance field populatedretrieved 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 →

rubric_version v1.7.0 protocol spiko factor RD-F-089 score red collected_at 2026-05-15 22:52:13