Nexus Mutual
A decentralized insurance alternative.
Overview
Nexus Mutual is a user-owned, decentralized insurance alternative built on Ethereum. It allows users to buy cover to protect themselves against smart contract failures, protocol hacks, and other risks inherent in the DeFi space. The platform is run by its members, who hold NXM tokens, share risk, and contribute to the governance of the mutual.
✨ Key Features
- Decentralized insurance (cover)
- Protection against smart contract failure
- Yield token cover
- Community-governed claims assessment
- Risk assessment by staking NXM tokens
🎯 Key Differentiators
- Community-driven governance and claims assessment
- Large capital pool
Unique Value: Provides a decentralized, member-owned alternative to traditional insurance for risks specific to the crypto and DeFi space.
🎯 Use Cases (3)
✅ Best For
- Smart contract cover for major DeFi protocols
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Traditional insurance needs (e.g., car, health)
🏆 Alternatives
Offers more transparency and community involvement in the insurance process compared to traditional insurers.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Live Chat
🔒 Compliance & Security
💰 Pricing
Free tier: Users must pay a premium to acquire cover. Pricing is determined dynamically based on the amount of capital staked against a specific protocol.
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