$100,000
Available Funding
- Up to $100,000
Overview
Imagine transforming traditional smart contract auditors into skilled underwriters. These experts already excel at spotting vulnerabilities within protocols, making them exceptionally well-suited to assess and price risk for various smart contracts. By creating staking pools through Nexus Mutual, auditor-underwriters can attract stake from investors who want to earn returns by participating in underwriting, thus establishing a new revenue stream.
Accurate underwriting is the fundamental driving force of the profitability of Nexus Mutual. The better our underwriters are at assessing technical smart contract risk, the more their syndicate and the Nexus Mutual protocol will grow.
2025 is the perfect time for this idea, because we’re seeing a maturing crypto market that demands robust risk management products. Likewise, regulatory bodies are beginning to require higher standards for risk mitigation and insurance.
Nexus Mutual provides the ideal platform to make this vision a reality. Its decentralized insurance model reduces friction for underwriters, enabling them to efficiently pool capital, price risk, and pay out claims. By leveraging Nexus Mutual, auditor-underwriters can get started today and focus only on doing what they do best – assessing and pricing risk.
Scope of the Grant
We’re looking for someone to help build a community of smart contract auditors within the Mutual who can act as staking pool managers. The individual or team that applies for this grant should be able to tap into the established community of auditors who participate in Code Arena, Sherlock, Cantina, and other audit competition platforms to build a cooperative of underwriters.
Desired Outcome
There’s already a thriving community of security professionals participating in audit competitions. Educating and onboarding those security professionals to the Mutual will help us scale our onchain underwriting expertise and expand our underwriting network. It will also create a usecase for auditors to act as staking pool managers to generate another revenue stream while they participate in audit competitions.
Desired Qualifications
The indidivual or team that applies for this grant should have previous experience participating in audit competitions and knowledge of DeFi protocols.
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