Nexus Mutual protocol
Overview
Nexus Mutual is a decentralized insurance protocol on Ethereum that offers coverage for smart contract failures. It operates as a mutual, where members pool capital to underwrite risks and can purchase cover for DeFi protocols. Claims are assessed by a community voting system.
Within the DeFi Intel graph, Nexus Mutual connects to 12 tracked entities, most strongly to Ethereum, Nxm, Aave.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 12 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
issues | NXM | 95% |
insures | Aave | 90% |
insures | Lido | 85% |
insures | Curve Finance | 85% |
paid_claim_for | Nexus Mutual Curve July 2023 Claim Payouts | 85% |
paid_claim_for | Nexus Mutual Euler March 2023 Claim Payouts | 85% |
affiliated_with | Hugh Karp | 85% |
competes_with | InsurAce | 75% |
competes_with | Sherlock | 75% |
Frequently asked questions
What is Nexus Mutual?
Nexus Mutual is a blockchain-based mutual insurance platform that provides coverage for smart contract vulnerabilities, primarily for DeFi applications.
How does Nexus Mutual assess risk?
Risk assessment is performed by a community of members who vote on proposed covers and claims, using a collective judgment model.
How do users participate as capital providers?
Users can stake NXM tokens to supply capital to the mutual pool, earning premiums from cover buyers and sharing in underwriting returns.
What is Nexus Mutual connected to?
In the DeFi Intel knowledge graph, Nexus Mutual is linked to 12 other tracked entities, most strongly to Ethereum, Nxm, Aave.
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