In response to the ever evolving demands of the DeFi ecosystem, our users have been calling for more versatile protection against the inherent risks in DeFi. Today we’re excited to launch Protocol Cover to answer these demands. Following a member vote last month, in addition to protection against smart contract…

The Nexus Mutual Community Fund has been set up, the NXM have been minted and now we’re excited to announce that the first proposals are live for your vote! — How will the Community Fund work? The Community Fund is in place to support our community to bring their skills and experience to growing and developing the mutual. We’d love to hear from you if you have any ideas, potential projects and collaborations.

The Nexus Mutual Community Fund has been set up, the NXM have been minted and now we’re excited to announce that the first proposals are live for your vote! How will the Community Fund work? The Community Fund is in place to support our community to bring their skills and experience to growing and developing the…

Our members have asked for more detailed information on the staking dashboard, specifically for performance indicators. So members can now see: all time rewards NXM, all time burned NXM, APY%, calculated based on the last week of rewards. Breakdown per contract for: 1 week-based APY%, 1 week yield, 4 weeks yield, all time yield, rewards distribution events, burn events. Are you a Dune Analytics aficionado? Would you like to contribute to the future of Nexus Mutual?

The recent hack on Yearn Finance resulted in 26 claims from our members. — Nexus Mutual is exactly that, a mutual. That means our members have full discretion over whether to accept a claim or not. Community discussions primarily take place on the #claims-discussions channel in our Discord server where members tend to share expertise and opinions. Any member can become a Claims Assessor…

We’re excited to introduce you to our new Head of Community at Nexus, Kendrea. Kendrea is going to manage the new Community Fund, be on hand to support community contributions to the mutual and to help our community in any way we can. As Head of Community Kendrea will be…

Our members voted to accept proposal #121 which is one of the largest upgrades we’ve made since launch. Here’s everything you need to know. Investment earnings This upgrade will enable us to start investing the mutual’s funds, much like a typical insurance company would. It does this by enabling the Capital Pool…

Users of centralised exchanges and custodians — who are responsible for the safekeeping of their users’ private keys to cryptocurrency assets — will now be able to purchase custody cover from Nexus Mutual. Custody cover will protect users who put funds into an organisation which is responsible for the safekeeping…

During September Nexus Mutual saw a surge in covers being purchased due to SAFE mining. During this time 1137 covers were purchased through the yInsure distributor contract totalling $1,623,094 (USD) in cover costs. Active cover amount went from $84.9m on September 13th to $237m on September 14th. The minimum length…