The Nexus Mutual DAO is a discretionary mutual that allows people to join and share risk. Together, our members create a people-powered insurance alternative where anyone can purchase cover products that protect against various risks; build risk management businesses and underwrite risk; assess claims; and participate and vote in governance.
Nexus Mutual members coordinate with one another through the protocol.
What the Mutual Offers
- Comprehensive Coverage. Members can purchase our cover products to protect their on-chain assets. To date, members have paid $18.3m in claims to people who have suffered losses in DeFi and CeFi. We provide an array of different cover products, and Protocol Cover is the most popular product we offer.
Community Governance. Within the DAO, we put decision making power in our members’ hands. Each member’s voice can shape our direction and determine the Mutual’s future. Members can participate in protocol and DAO governance.
NXM Staking. NXM stakers underwrite cover and earn NXM rewards whenever some buys cover from a pool they’re staked in. Members who hold NXM can choose to launch a staking pool and manage their own staked NXM; or members can stake and delegate their NXM to an existing pool manager.
Risk Marketplace. DeFi builders with risk expertise or teams focused distributing cover can build on top of the Nexus Mutual protocol. As a builder, you can develop and launch your own risk management solutions within our ecosystem.
- Explore the page
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- See the Staking Pool Managers Hub page
When you join as a member of Nexus Mutual, you’re doing more than just sharing risk. You’re shaping the future of on-chain protection and expanding access to insurance alternatives around the world.