Neptune Mutual Official

After much deliberation and careful thought Neptune Mutual decided to close the cover marketplaces. What does this mean? The cover marketplaces will be shut down using the emergency withdrawal process. This means all cover pool liquidity (and prorata yield if any) will be manually returned to the corresponding wallet addresses from which it was invested. In addition to protecting cover pool LPs. There will be cover policy fee refunds for all current and valid cover policies where the policy fee paid in one transaction was 10 USD or greater (any cover policies with policy fees of less than 10 USD will become invalid and will not be eligible for refund). Further posts will be made through X account. Neptune Mutual’s Discord account will be closed in order to minimize security risks and the spread of false information. Any Questions/ queries relating to the Neptune Mutual marketplaces will be responded to in the Telegram channel. The protocol will be open sourced and become a true public good. enabling the community to fork the code developed by the Neptune Mutual team such that others might use the existing resources to further our mission to make the blockchain space better protected against smart contract risks. Unused funds raised from financial backers will be returned to those backers; this includes DEX liquidity that has now been removed from SushiSwap and Uniswap. A small amount of liquidity on SushiSwap Arbitrum has been left to enable a minimum amount of NPM trading. We’d like to take this opportunity to thank the Neptune Mutual team for all the long hours, commitment and outstanding work they have contributed since the outset of this journey. Unfortunately this is the end of the journey for the team and any help in securing them new opportunities is much appreciated. It is to the team’s credit that, since its inception, Neptune Mutual has not suffered any loss of funds due to technical or any other vulnerabilities; this is a result of consistent pursuit of security excellence across all aspects of cybersecurity both on and off chain. We would like to thank the financial backers for their supports in the mission to provide better solutions to mitigate the very considerable vulnerabilities that threaten blockchain users. Finally, we would like to thank the Neptunite community for the support you have provided the protocol from pre-launch through to the more recent initiatives.

Our weekly tech update has been published. Please click the link below to stay informed about the recent development activities happening in the protocol. https://community.neptunemutual.com/t/tech-team-update-week-25-2024-neptune-mutual/346

🚨 In March, Curio was exploited across the Ethereum Mainnet and BNB chains due to a flaw in the access control relating to voting power privilege, resulting in the minting of 1,000 billion CGT tokens, leading to a loss of $16 million. Detailed Report👇 https://neptunemutual.com/blog/analysis-of-the-curio-exploit/ Like, RT: https://x.com/neptunemutual/status/1805260803370864658

Weekly Highlights: 🔱 Over $13.21 million was lost in multiple DeFi hacks. 🔱 OneFootball joined forces with Mocaverse to launch the Universal Football ID for fans. 🔱 Konami expands its Web3 services with the Resella NFT Platform on Avalanche. Detailed Report 👇 https://community.neptunemutual.com/t/weekly-report-jun-24/345 Like, RT: https://x.com/neptunemutual/status/1805166626284982367

Neptune Mutual is excited to join the Sushi Bond program, promoting sustainable liquidity 🫡 We offer cover pools for Sushi funds on Ethereum & Arbitrum, making it easier to protect your assets. Our NPM tokens are now live on SushiSwap for cost-effective trading and better access. Discover how our partnership with Sushi is reshaping DeFi insurance 💪 Read more 👇 https://neptunemutual.com/blog/collaboration-between-neptune-mutual-and-sushiswap/ Like, RT: https://x.com/neptunemutual/status/1804398261035503908

Neptunites, we have published a video highlighting last week's hacks and exploits. Stay vigilant 🫡 Twitter (X) ⤵️ https://x.com/neptunemutual/status/1803107330160005451 YouTube ⤵️ https://youtube.com/shorts/fNxbKZKG924

Web3 is transforming the internet with decentralized frameworks, but protecting intellectual property faces new challenges 👀 From smart contracts to NFTs, explore the challenges and strategies for safeguarding your IP in our Spotlight Tuesday👇 https://neptunemutual.com/blog/protecting-your-intellectual-property-in-web3/ Like, RT: https://x.com/neptunemutual/status/1803065025440981175

Neptunites, Get ready to vote! 🗳️ The Governance Proposal for Gauge Controller Epoch #3 is now open for voting for Popular DeFi Apps and Prime dApps on Arbitrum! Vote on Snapshot now ⤵️ https://snapshot.org/#/npmgov.eth/proposal/0xd75bcc0e5667f6946d130c28591bd70dabf75a6b220d51e30620b8a1035de83c ⏰ Voting ends June 24th. Like, RT: https://x.com/neptunemutual/status/1802891997486645457

Our weekly tech update has been published. Please click the link below to stay informed about the recent development activities happening in the protocol. https://community.neptunemutual.com/t/tech-team-update-week-24-2024-neptune-mutual/344

Weekly Highlights: 🔱 Over $42.55 million was lost in multiple DeFi hacks. 🔱 Bento Batch launched the Bento Verse NFT Collection on the Optimism Network. 🔱 Toikido taps into OpenSea to launch Bad Egg digital collectibles. Detailed Report 👇 https://community.neptunemutual.com/t/weekly-report-jun-17/343 Like, RT: https://x.com/neptunemutual/status/1802630861353095660

Explore how Neptune Mutual is leveraging Arbitrum for cost-effective DeFi insurance. Learn about our Arbitrum marketplace, user benefits, and our collaborative journey in expanding cover protection! 👇 https://neptunemutual.com/blog/joining-dots-between-neptune-mutual-and-arbitrum/ Like, RT: https://x.com/neptunemutual/status/1801607983908196462

In the crypto world, memecoins and NFTs are in the spotlight. From the rise of DOGE to the current buzz of PEPE, the game has changed. Investors now focus on utility and community strength. NFTs are expanding into gaming and traditional brands, despite security challenges. Read more on the rise of memecoins and NFTs in our Spotlight Tuesday 👇 https://neptunemutual.com/blog/nfts-and-memecoins-in-last-vs-current-bull-markets/ Like, RT: https://x.com/neptunemutual/status/1800554512505352204

🚨 UwU Lend was exploited across three different transactions on the Ethereum Mainnet due to the manipulation of the price oracle, which resulted in a loss of over 5272 ETH, totaling approximately $23 million. Discover more about the exploit in this blog👇 https://neptunemutual.com/blog/understanding-the-uwu-lend-exploit/ Like, RT: https://x.com/neptunemutual/status/1800479331321254084

Our weekly tech update has been published. Please click the link below to stay informed about the recent development activities happening in the protocol. https://community.neptunemutual.com/t/tech-team-update-week-23-2024-neptune-mutual/342

Neptunites! ✨ If you missed our May Townhall, we've uploaded the recording for you on our YouTube channel. Check it out here 👇 https://youtu.be/2jllSl8q7RU

Weekly Highlights: 🔱 Over $31 million was lost in multiple DeFi hacks. 🔱 McDonald’s flips into Bandwagon Labs for a new Metaverse experience. 🔱 OKX and McLaren launch an exclusive Race Rewind NFT series for F1 fans. Detailed Report 👇 https://community.neptunemutual.com/t/weekly-report-jun-10/341 Like, RT: https://x.com/neptunemutual/status/1800101471238905997

Our NPM emission program is progressing steadily! 💪 With our commitment to decentralization, users have the power to vote for fair token distribution 🔱 Learn how we ensure fair rewards and how LPs can maximize their benefits in our latest blog 👇 https://neptunemutual.com/blog/snapshot-voting-for-npm-emission-at-neptune-mutual/ Like, RT: https://x.com/neptunemutual/status/1799099054250709091

🚨 Steam Swap was exploited across two different transactions on the BNB chain due to the price manipulation of the underlying assets, resulting in a loss of assets worth approximately $105,000. Discover more about the exploit in this blog👇 https://neptunemutual.com/blog/how-was-steam-swap-exploited/ Like, RT: https://x.com/neptunemutual/status/1799071340173103331

May Monthly Review ⤵️ 🔱 NPM emission distribution for Epoch #1 🔱 Attendance in Arbitrum Foundation’s X Space AMA Session 🔱 Upgrade on Neptune Mutual Explorer 🔱 Neptune Mutual hack database milestone 🔱 April monthly town hall in Discord 🔱 The end of Snapshot voting for Epoch #2 Detailed Report ⤵️ https://community.neptunemutual.com/t/monthly-review-may-2024/340 Like, RT: https://x.com/neptunemutual/status/1798311960678711653

🔔 Reminder 🔔 Today we will be hosting our May Monthly Townhall Call with Co-Founder, Edward. Got burning questions or brilliant ideas? Don't hold back! Submit them all on ⁠🙋#ama-questions since we'll be addressing them LIVE during the session. 🕜When: Today at 9:00am UTC 📍Where: Right here on our Discord server 👇 https://discord.com/events/846975061163900938/1247157323709939752