Risk Monitoring System

Overview

Within the Mutual, we’re working to significantly scale cover sales and premiums earned. As we see meaningful cover growth, we’ll need to ensure the Mutual is managing our correlation risk between different cover products, as some products such as Bundled Protocol Cover, have overlapping risk exposure across individual products. Correlation is more complex than overlapping exposure to underlying protocols: it can be correlation in oracles used, quality of oracles used across protocols with active cover, sudden changes in liquidity for assets on lending protocols, etc.

Scope of the Grant

To compliment cover growth, we need a detailed risk monitoring system that collects a variety of data and displays it in a dashboard with an independent user interface. This will involve a large amount of manual research into the Mutual’s listed protocols and risks the Mutual offers coverage for, as well as tagging these products with relevant tags. That way, these tags can be used to display and filter data based on risk.

Desired Outcome

This grant would provide the Mutual with greater clarity on risk exposure across all products at any given moment. This risk monitoring system can serve as a building block for a future automated system that can pass risk data directly into the limits for risk exposure based on individual products.

Desired Qualifications

• Experienced Solidity developer
• Proven history of creating dashboards with complex data
• Insurance / risk management experience would be very valuable

How to Apply

Interested parties should visit the Nexus Mutual Grants Application to access the application form and detailed instructions.

For further details or questions, please contact:

• Telegram: BraveNewDeFi