NexusMutual · BraveNewDeFi · May 5, 2025
diff --git a/docs/governance/dao.md b/docs/governance/dao.md
diff --git a/docs/overview/cover-products/bundled-protocol-cover.md b/docs/overview/cover-products/bundled-protocol-cover.md
@@ -20,7 +20,7 @@ For more information, read the full terms and conditions of [Nexus Mutual's Bund
 
 Nexus Mutual's claim assessors use this cover wording as a reference when considering any Bundled Protocol Cover claim.
 
-*Note*: Every Bundled Protocol Cover listing includes an annex documented linked in the Terms and Conditions section on the Buy Cover page. You can review the annex for each listing to confirm which protocols are included in the Bundled Protocol Cover listing.
+*Note*: Each Bundled Protocol Cover listing includes an annex, which is linked in the Terms and Conditions section on the Buy Cover page.
 
 ### Proof of Loss
 
@@ -35,12 +35,12 @@ Once you prove that you own and control the affected address, claim assessors ca
 
 ## Claim Filing Process
 
-After a loss event occurs, you will need to wait 14 days for the cool-down period to pass. The cool-down period applies for DeFi Pass Cover claims, per the cover wording.
-1. If you hold DeFi Pass Cover at the time the loss event occurs, you can submit a claim with supporting evidence, otherwise referred to as proof of loss.
+After a loss event occurs, you will need to wait 14 days for the cool-down period to pass. The cool-down period applies for Bundled Protocol Cover claims, per the cover wording.
+1. If you hold Bundled Protocol Cover at the time the loss event occurs, you can submit a claim with supporting evidence, otherwise referred to as proof of loss.
     * You will be able to include written details, links to supporting documentation, and/or upload screenshots or other files in the Incident Details portion of the claim submission process
     * You will choose to either sign a message from the affected address or send a 0 value transaction from the affected address to prove you own and control the affected address
 2. Claim assessors will review, discuss and vote to approve claims where proof of loss (i.e., your designated wallet address) shows that you have indeed suffered a loss of funds.
-    * If your claim is approved, you will be able to redeem your claim payout after the 24-hour cool-down period passes in the Your Covers menu. You can also check your Dashboard to see the status of any active claims.
+    * If your claim is approved, you will be able to redeem your claim payout after the 24-hour post-claim period passes in the Your Covers menu. You can also check your Dashboard to see the status of any active claims.
     * If your claim is denied, you will be able to file another claim with more supporting evidence
 
 For a review of the claim assessment process, see the [Claim Assessment](/protocol/claims-assessment) section.
diff --git a/docs/overview/cover-products/defi-pass-cover.md b/docs/overview/cover-products/defi-pass-cover.md
@@ -4,7 +4,7 @@ sidebar_position: 1.6
 
 # DeFi Pass Cover
 
-The DeFi Pass product is designed for people who are active in one network's DeFi ecosystem and regularly move their crypto assets between major protocols to get the best yields.
+The DeFi Pass is for people who use multiple DeFi protocols within the same blockchain network and regularly move their crypto around to get the best yields.
 
 Instead of buying several different Protocol Covers or Bundled Protocol Covers to protect your crypto assets, you can buy one DeFi Pass for a fixed price to protect against smart contract and economic risks across several of the leading protocols within one network's ecosystem.
 
@@ -20,20 +20,20 @@ When you purchase a DeFi Pass, you will specify the wallet address you want to p
 
 ## Covered Risks: Base DeFi Pass
 
-When you have crypto assets deposited in Aerodrome, Arcadia, Beefy, Compound v3, ExtraFi, Moonwell, Morpho, Overnight and Uniswap v3 on Base, the Base DeFi Pass Cover provides all-in-one, flexible protection that safeguards your assets against the following risks:
+When you have crypto assets deposited in the covered protocols on Base, the Base DeFi Pass Cover provides all-in-one, flexible protection that safeguards your assets against the following risks:
 * Smart contract exploits/hacks
 * Severe oracle failure/manipulation
 * Severe liquidation failure
 * Governance attacks
 
-To learn more about the designated protocols (i.e., the protocols included in the Base DeFi Pass) and the covered sub-protocols, see the [Base DeFi Pass Annex](https://api.nexusmutual.io/ipfs/QmVjm5qfpkJdHiLCLpR9UeYM5WWQ58SpWTH9upWowvozGK).
+To learn more about the covered protocols (i.e., the protocols included in the Base DeFi Pass) and the covered sub-protocols, see the [Base DeFi Pass covered risks and exclusions on OpenCover](https://opencover.com/base-pass-covered-risks-and-exclusion/).
 
 ## DeFi Pass Cover Wording
 
 For more information, read the full terms and conditions of [Nexus Mutual's DeFi Pass Cover](https://api.nexusmutual.io/ipfs/QmQLh2wNDD2b2RGg9rNFbyrQwxqTthrTNaTsHenZnRg6u6).
 
-To learn about the protocols included in each DeFi Pass, you can read the Annex documentats below:
-* [Base DeFi Pass Annex](https://api.nexusmutual.io/ipfs/QmVjm5qfpkJdHiLCLpR9UeYM5WWQ58SpWTH9upWowvozGK)
+To learn about the protocols included in each DeFi Pass, you can read the information below:
+* [Base DeFi Pass covered risks and exclusions on OpenCover](https://opencover.com/base-pass-covered-risks-and-exclusion/)
 
 ## Exposed Funds vs. Cover Amount
 
@@ -87,7 +87,7 @@ After a loss event occurs, you will need to wait 14 days for the cool-down perio
 1. If you hold DeFi Pass Cover at the time the loss event occurs, you can submit a claim with supporting evidence, otherwise referred to as proof of loss.
     * You will be able to include written details, links to supporting documentation, and/or upload screenshots or other files in the Incident Details portion of the claim submission process
 2. Claim assessors will review, discuss and vote to approve claims where proof of loss (i.e., your designated wallet address) shows that you have indeed suffered a loss of funds.
-    * If your claim is approved, you will be able to redeem your claim payout after the 24-hour cool-down period passes in the Your Covers menu. You can also check your Dashboard to see the status of any active claims.
+    * If your claim is approved, you will be able to redeem your claim payout after the 24-hour post-claim period passes in the Your Covers menu. You can also check your Dashboard to see the status of any active claims.
     * If your claim is denied, you will be able to file another claim with more supporting evidence
 
 For a review of the claim assessment process, see the [Claim Assessment](/protocol/claims-assessment) section.
diff --git a/docs/overview/cover-products/eth-slashing-cover.md b/docs/overview/cover-products/eth-slashing-cover.md
@@ -2,43 +2,36 @@
 sidebar_position: 1.9
 ---
 
-# ETH Slashing Cover
+# Slashing Cover
 
-Organizations that run ETH validators and help secure the Ethereum network are exposed to slashing risks, which can be caused by improper actions such as double-signing, surround voting, downtime, and infrastructure and setup failure.
+Organizations that run validators on Proof-of-Stake (PoS) networks and help secure these networks are exposed to slashing risks, which can be caused by improper actions such as double-signing, surround voting, downtime, and infrastructure and setup failure.
 
 ## Covered risks
 
-When you run ETH validators and have active ETH Slashing Cover, you are protected against losses that occur during the cover period where one or more of the covered validators incur penalties greater than the deductible in any continuous 40 day period.
+When you run validators and have active Slashing Cover, you are protected against losses that occur during the cover period where one or more of the covered validators incur penalties greater than the deductible in any continuous 40 day period.
 
-Nexus Mutual offers two ETH slashing products:
-* ETH Slashing Cover
-* ETH Slashing Umbrella Cover
+Nexus Mutual offers various slashing products:
+* [ETH Slashing Cover](https://api.nexusmutual.io/ipfs/QmWepFbtMYSzJt22ddF1CK9PwbrYgiLk9qJjryDrgpGuus)
+* [ETH Slashing Umbrella Cover](https://api.nexusmutual.io/ipfs/QmQx2H9A51SARNc4W8Ta2D2woXv2ebkUGZMC5HZoQW8TUX)
+* [Part D: Slashing Cover under the Crypto Cover wording](https://api.nexusmutual.io/ipfs/Qmas9sr9BA9DmdgbHpyTmYUwvv2Kxyc1upDEarEerti2hs)
 
-## ETH Slashing Cover wording
-
-For more information, read the full terms and conditions of [Nexus Mutual’s ETH Slashing Cover](https://api.nexusmutual.io/ipfs/QmWepFbtMYSzJt22ddF1CK9PwbrYgiLk9qJjryDrgpGuus).
-
-Nexus Mutual’s claim assessors use this cover wording as a reference when considering any claim.
-
-## ETH Slashing Umbrella Cover
-
-For more information, read the full terms and conditions of Nexus Mutual's [ETH Slashing Umbrella Cover](https://api.nexusmutual.io/ipfs/QmQx2H9A51SARNc4W8Ta2D2woXv2ebkUGZMC5HZoQW8TUX)
-
-Nexus Mutual’s claim assessors use this cover wording as a reference when considering any claim.
+Nexus Mutual’s claim assessors use these cover wording documents as a north star when considering any claim.
 
 ### Proof of loss
 
-When an organization purchases ETH Slashing Cover, they provide the validator numbers they want covered in a csv file and that list is stored on IPFS.
+When an organization purchases Slashing Cover, they provide the validator numbers they want covered in a csv file and that list is stored on IPFS.
 
 If a validator, or validators, suffer penalties, they will provide the list of impacted validators and the corresponding loss for each validator.
 
 ## Claims process
 
 After a validator, or validators, suffer a loss, your organization can contact the product team, who can assist in calculating the loss amount(s).
-1. Once the losses have been calculated, your organization can file a claim in the Nexus Mutual user interface.
+1. Once the losses have been calculated, your organization can file a claim in the Nexus Mutual user interface after the cool-down period passes.
 2. You will submit a calculation of losses by providing a file of impacted validators and their losses by slot/epoch.
     * This should equal the claim amount being requested after the deductible is accounted for.
 3. Claim assessors can then reference this information against [beaconcha.in](https://beaconcha.in/) or [rated.network](https://www.rated.network/?network=mainnet&view=pool) to verify the loss calculations.
+    * If your claim is approved, you will be able to redeem your claim payout after the 24-hour post-claim period passes in the Your Covers menu. You can also check your Dashboard to see the status of any active claims.
+    * If your claim is denied, you will be able to file another claim with more supporting evidence.
 
 For a review of the Claims 
 assessment process, see the [Claims Assessment](/protocol/claims-assessment) section.

diff --git a/docs/overview/cover-products/fund-portfolio-cover.md b/docs/overview/cover-products/fund-portfolio-cover.md
@@ -18,7 +18,7 @@ If there are additional risks your fund is concerned about, you can [reach out t
 
 ## Fund Portfolio Cover Wording
 
-For more information, read the full terms and conditions of [Nexus Mutual's Fund Portfolio Cover](https://api.nexusmutual.io/ipfs/QmevgAXtzi7773NaBrzGyW95aKSrt3MBtpQU1SQCPyCbSF).
+For more information, read the full terms and conditions of [Nexus Mutual's Fund Portfolio Cover](https://api.nexusmutual.io/ipfs/QmPwYKc8WQYmTeq5cZ7wxPbZfgTHm9aHh7SLAHpf4g1yQi).
 
 ### Proof of Loss
 
@@ -38,7 +38,7 @@ After a loss event occurs, your team will need to wait 14 days for the cool-down
     * You will be able to include written details, links to supporting documentation, and/or upload screenshots or other files in the Incident Details portion of the claim submission process
     * You will choose to either sign a message from the affected address or send a 0 value transaction from the affected address to prove you own and control the affected address
 2. Claim assessors will review, discuss and vote to approve claims where proof of loss shows that you have indeed suffered a loss of funds.
-    * If your claim is approved, you will be able to redeem your claim payout after the 24-hour cool-down period passes in the Your Covers menu. You can also check your Dashboard to see the status of any active claims.
-    * If your claim is denied, you will be able to file another claim with more supporting evidence
+    * If your claim is approved, you will be able to redeem your claim payout after the 24-hour post-claim period passes in the Your Covers menu. You can also check your Dashboard to see the status of any active claims.
+    * If your claim is denied, you will be able to file another claim with more supporting evidence.
 
 For a review of the claim assessment process, see the [Claim Assessment](/protocol/claims-assessment) section.
diff --git a/docs/overview/cover-products/native-protocol-cover.md b/docs/overview/cover-products/native-protocol-cover.md
@@ -39,7 +39,7 @@ After a loss event occurs, you will need to wait 14 days for the cool-down perio
     * You will need to include a technical analysis of the loss event demonstrating the cause of the loss and the extraction of funds from the Designated Protocol including references to the relevant blockchain transactions; and
     * You will choose to either sign a transaction using an address associated with your protocol or send a 0 value transaction with your team's multisig address to prove you are part of the Designated Protocol team.
 2. Claim assessors will review, discuss and vote to approve claims where proof of loss (i.e., your designated wallet address) shows that you have indeed suffered a loss of funds.
-    * If your claim is approved, you will be able to redeem your claim payout after the 24-hour cool-down period passes in the Your Covers menu. You can also check your Dashboard to see the status of any active claims.
-    * If your claim is denied, you will be able to file another claim with more supporting evidence
+    * If your claim is approved, you will be able to redeem your claim payout after the 24-hour post-claim period passes in the Your Covers menu. You can also check your Dashboard to see the status of any active claims.
+    * If your claim is denied, you will be able to file another claim with more supporting evidence.
 
 For a review of the claim assessment process, see the [Claim Assessment](/protocol/claims-assessment) section.
diff --git a/docs/overview/cover-products/quota-share-cover.md b/docs/overview/cover-products/quota-share-cover.md
@@ -37,8 +37,8 @@ Your organization will need to wait 14 days for the cool-down period to pass. Th
 1. Your organization will file a claim using evidence of their claim payments for the covered underlying risks.
 
 2. Claim assessors will review, discuss, and vote to approve claims where proof of loss shows that your organisation has indeed paid out claims for covered underlying risks above the deductible.
-    * If the claim is approved, your organisation will be able to redeem the payout after the 24-hour cool-down period ends
-    * If the claim is denied, your organisation will be able to file another claim with more supporting evidence
+    * If the claim is approved, your organisation will be able to redeem the payout after the 24-hour post-claim period ends.
+    * If the claim is denied, your organisation will be able to file another claim with more supporting evidence.
 
 For a review of the claim assessment process, see the [Claim Assessment](/protocol/claims-assessment) section.
 

diff --git a/docs/overview/cover-products/real-world-risk.md b/docs/overview/cover-products/real-world-risk.md
@@ -18,13 +18,11 @@ To learn more, read the announcement on the [Nexus Mutual blog](https://nexusmut
 
 ## Cover Re Deal
 
-In November 2023, Hugh Karp [raised a proposal on the governance forum](https://forum.nexusmutual.io/t/nmpip-grant-advisory-board-the-power-to-enter-into-investment-and-retrocession-agreement-with-cover-re/1315/1) to enter into a two-phase deal with [Cover Re ("Re")](https://re.xyz/). This proposal outlined a $15M combined investment and retrocession deal.
+In November 2023, Hugh Karp [raised a proposal on the governance forum](https://forum.nexusmutual.io/t/nmpip-grant-advisory-board-the-power-to-enter-into-investment-and-retrocession-agreement-with-cover-re/1315/1) to enter into a deal with [Cover Re ("Re")](https://re.xyz/). This proposal outlined a $15M investment deal.
 
-After discussion on the forum, this proposal transitioned to an [onchain vote](https://app.nexusmutual.io/governance/view?proposalId=212), where members voted to grant the Advisory Board the authority to enter into the Cover Re deal. Through the Cover Re deal, the Mutual will generate premiums from the investment and from the retrocession, where the Mutual's capital will be used to underwrite real world risk.
+After discussion on the forum, this proposal transitioned to an [onchain vote](https://app.nexusmutual.io/governance/view?proposalId=212), where members voted to grant the Advisory Board the authority to enter into the Cover Re deal. Through the Cover Re deal, the Mutual will generate premiums from the investment, where the Mutual's capital will be used to underwrite real world risk.
 
-The Foundation worked with the Re team to execute the first phase of the deal and the investment went live in May 2024. This deal was covered by CoinDesk in the article "[RWA Platform Re Debuts Tokenized Reinsurance Fund on Avalanche with $15M Commitment from Nexus Mutual](https://www.coindesk.com/business/2024/05/14/rwa-platform-re-debuts-tokenized-reinsurance-fund-on-avalanche-with-15m-commitment-from-nexus-mutual/)."
-
-Phase 2 (the retrocession) is expected to go live in Q3/Q4 2024. Keep an eye on the governance forum for further updates.
+The Foundation worked with the Re team to execute the deal and the investment went live in May 2024. This deal was covered by CoinDesk in the article "[RWA Platform Re Debuts Tokenized Reinsurance Fund on Avalanche with $15M Commitment from Nexus Mutual](https://www.coindesk.com/business/2024/05/14/rwa-platform-re-debuts-tokenized-reinsurance-fund-on-avalanche-with-15m-commitment-from-nexus-mutual/)."
 
 ## Product development