OpenYield aggregates DeFi platforms that provide on‑chain insurance for protocol and stablecoin depeg risks, enabling users to earn yield while retaining self‑custody of their assets. The platform offers a multi‑chain UI that lists covered‑yield opportunities, displays risk metrics, and allows one‑click purchase of cover via partner dApps or the OpenCover marketplace. It serves crypto investors, DeFi traders, and institutional asset managers seeking yield with built‑in risk protection.
Funding
$7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Crypto investors seeking higher yields face significant exposure to smart‑contract exploits, oracle failures, liquidation bugs, and stablecoin depegs, which can erode returns or cause total loss. Existing DeFi yield products often lack transparent risk mitigation and require users to trust third‑party custodial solutions.
Solution
OpenYield aggregates a curated registry of DeFi platforms that offer on‑chain cover for protocol and depeg risks, enabling users to earn yield while limiting downside exposure. Each listed platform operates in a self‑custodial manner, so users retain direct control of their assets and interact with native smart‑contract interfaces. The service surfaces covered‑yield opportunities across multiple chains, categorizing them by risk‑mitigation type (protocol cover, depeg cover) and by yield strategy (lending, staking, AMM, leveraged positions). Users can purchase cover directly through the partner dApp or via the OpenCover marketplace, with the transaction settled on‑chain and recorded immutably. By consolidating vetted options and risk‑mitigation mechanisms in a single UI, OpenYield reduces the time and expertise needed to construct a protected yield portfolio.
Target Audience
The primary users are crypto investors and DeFi traders who require yield generation with built‑in risk protection, as well as institutional asset managers building covered‑yield strategies for client portfolios.
Features
- Continuously updated whitelist of verified DeFi protocols that integrate on‑chain cover products (e.g., Nexus Mutual, OpenCover)
- Self‑custodial access model: users interact with native smart contracts, preserving full asset ownership
- Dual‑cover options: protocol cover (smart‑contract, oracle, liquidation, governance attacks) and depeg cover (stablecoin and wrapped‑asset peg failures)
- Multi‑chain aggregation across >40 networks, supporting yield strategies such as lending, staking, AMM farming, and leveraged vaults
- Integrated purchase flow: one‑click cover acquisition via partner dApp or OpenCover UI, with on‑chain settlement and transparent audit trail
- Risk dashboard displaying cover premiums, coverage limits, and real‑time protocol health metrics to inform yield decisions
- API endpoints for third‑party wallets and portfolio managers to query covered‑yield listings and embed cover purchasing into custom interfaces