Nexus Mutual Overview
- What is Nexus Mutual?
Nexus Mutual is an alternative to insurance allowing members to buy coverage against material losses when transferring funds into smart contracts or keeping them with a custodian. Members hold NXM tokens representing proportional ownership of the mutual, and are responsible for governance, capital provision, and risk and claims assessment.
- Main Features
- Industry leading on-chain protectionMutual Risk SharingGoverned by communityCommunity-Driven Risk AssessmentStaking and earning rewards
- Blockchains
- Ethereum
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Frequently asked questions
Nexus Mutual covers a range of risks including failures in individual protocols, penalties and missed rewards for ETH validators, depegging events for interest-bearing tokens, losses on centralized exchanges, and more.
Yes, you can buy cover for multiple loss events with one policy on Nexus Mutual. The platform offers multi-event coverage, which means that if you suffer a loss, you can file a partial claim and receive a payout, while the remaining cover amount still protects your assets. This provides comprehensive and adaptable protection to meet your changing needs.
In Nexus Mutual, the money is owned by the members. Only members can hold NXM, which represents proportional ownership of the mutual, including the capital pool. The capital pool is the money used to pay claims.
Claims on Nexus Mutual are assessed and paid through a voting process by members who have staked NXM tokens.
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