Insurance coverage active
Usual (USD0 / bUSD0 / USUAL)'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 third-party smart-contract coverage (TVL insurance) from Nexus Mutual, Sherlock Unlimited, or any equivalent provider found for Usual's $104.77M TVL. The Nexus Mutual involvement is specific to backing the $16M Sherlock bug-bounty payout (bug-bounty cover — Nexus Mutual covers 80% of a critical bounty payout), not depositor TVL coverage. Usual docs reference an internal insurance fund (0.33%–5.33% of USD0 supply, ~24-day replenishment) but this is an internal protocol buffer, not third-party coverage per F089 definition.
Sources #
- URLSherlock — Usual Labs Bug Bounty #56Sherlock bug bounty page confirms this is a bug-bounty program, not protocol TVL coverageretrieved 2026-05-17
- EIN Presswire — Nexus Mutual powers world-record $16M bug bounty from Usual on SherlockNexus Mutual powers Usual's $16M bug-bounty cover — bounty backstop, NOT TVL coverageretrieved 2026-05-17
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 →