$100,000
Available Funding
- Up to $100,000
Overview
One of the main risks that hampers greater acceptance of stablecoins is the fear of losing the peg. A depeg coverage product would automatically compensate holders when a stablecoin’s price falls below its intended peg. Real-time monitoring of oracles and price feeds ensures that the moment a significant deviation is detected, policies are triggered to convert or reimburse the user for the difference.
In 2025, stablecoins are expected to be widely used in both institutional and retail settings, making depeg coverage essential to securing their place in everyday finance. By building on Nexus Mutual, this coverage can leverage our existing $250M+ capital pool and introduce new types of parametric triggers for pegged assets.
How to Apply
You can fill out the Nexus Mutual Grants Application and share your grant submission.
For further details or questions, please contact BraveNewDeFi