$100,000
Available Funding
- Up to $100,000
Overview
DeFi users are active on multiple chains and L2s, where they interact with numerous protocols directly or indirectly. Because users are active across many different protocols, it isn’t easy for them to buy cover to protect their deposits against smart contract and economic risks present in DeFi. However, aggregating the user experience into one marketplace where every vault was natively covered would simplify the experience for users and increase cover sales.
Scope of the Grant
We’re looking for a team to create a marketplace or modify their existing marketplace to allow users to deposit into a vault that includes native coverage by default OR with cover prominently presented in the user interface as an add-on in a bundled transaction. This functionality would provide users with an easy way to purchase protection at the point of deposit, so each deposit is covered automatically.
Desired Outcome
This grant would allow the Mutual to make it easier for users to buy cover on EVM-compatible chains and L2s. By enabling coverage by default or reducing friction substantially, users will be more apt to buy cover and protect their positions.
How to Apply
You can fill out the Nexus Mutual Grants Application below and share your grant submission.
For further details or questions, please contact BraveNewDeFi