On 30 August, the C.R.E.A.M. Protocol was exploited for 462,079,976 in AMP tokens and 2,804.96 ETH tokens. A malicious actor executed a reentrancy attack, which led to the loss of $22.8 million in AMP tokens and $4.2 million in ETH. At the time of the attack, Nexus Mutual had 25…

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…

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.

Anyone can apply for a community fund grant by filling in this form…

The NexusMutual token bonding curve implementation was upgraded! What does that mean for you, and why was it done in the first place? We’ll be diving into the details in this article.

First a quick refresher: Nexus Mutual uses a Continuous Token Model where the token price depends on how…

Nexus Mutual recently listed PoolTogether V4, which means members can now purchase Protocol Cover to protect their assets when they use PoolTogether V4 as a gamified way to save in DeFi.

PoolTogether V4 pools users’ deposits to earn yield using underlying yield sources, such as Aave V2, to earn interest…

Nexus Mutual recently listed Notional Finance V2, which means members can now purchase Protocol Cover to protect their assets when they lend crypto or deposit crypto as collateral for a loan. Notional Finance V2 provides access to fixed-rate financing in DeFi, which benefits both borrowers and lenders.

Borrowers are able…

On 27 October, 2021, at 13:54 UTC, the CREAM V1 Ethereum lending market was exploited and liquidity was removed. The attacker was able to remove ~$130m USD. After the exploit occurred, the Cream Finance team released the following statement:

Nexus Mutual released a statement regarding the loss event on…

What Happened

On 27 October, 2021, at 13:54 UTC, the CREAM V1 lending/borrowing market was exploited and liquidity was removed. The attacker was able to remove ~$130m USD. No official post-mortem report has been released at this time, though the CREAM Twitter account did provide the following statement: