1/ Since @aave Umbrella launched, @NexusMutual's underwriters have adjusted pricing to reflect the risk of a large-scale bad debt event or a hack One thing's for sure: no one underwriting risk reacts to onchain developments as fast as Nexus Mutual's underwriters🐢

2/ Umbrella acts as first-loss capital, which allows underwriters to offer lower pricing for Aave v3 Protocol Cover 🛡️ As Aave Umbrella TVL grows and Umbrella coverage expands to networks beyond Ethereum, it's a reasonable assumption that Aave cover will decrease further in price