Mission
Our mission is to build an ecosystem in which anyone can protect anyone else through an open risk marketplace.
Values
DAO team contributors work to ensure the long-term sustainability of the Mutual. To achieve this shared mission, our every action must reflect these core values.
Trustworthiness
We pay claims. Our members have already voted to approve over $18 million to those who lost funds. Our capital is owned by members and we manage risks to ensure there is always enough money for claims, so members can be confident in our cover.
Egalitarianism
We’re a mutual which means we’re owned and governed by our members—and anyone can become a member. We believe that everyone should be able to find the cover they need and anyone else should be able to provide that cover.
Integrity
Nexus Mutual was founded to help protect underserved communities. That has been our guiding vision since day one. Honest participation in the mutual’s governance is rewarded. Members will always own the capital, review the validity of claim requests, and vote on claim outcomes.
Active DAO Teams
Currently, there are three (3) active DAO teams. These teams work on behalf of Nexus Mutual DAO members, who vote to approve the team’s funding through the NMDP process. For more information about the active DAO teams, see past DAO team budget requests on the forum.
Purpose
Provide support to and educational content for members, staking pool managers, DAOs and our wider community in order to expand coverage. Design communication channels to drive community engagement, member retention.
- Holding the bi-weekly community call
- Writing, distributing the weekly newsletter
- Providing community support on Discord, Twitter
- Regular updates on governance discussions, development progress, DAO initiatives, etc.
- Improving the overall member experience in the Mutual’s communications channels
Deliverable | Status | Updates |
Update Zerion, Debank, Zapper and other portfolio management sites with the Nexus Mutual V2 contracts | In Progress | Working with the Engineering team to get these updated. I’ll revise this update once we’ve gotten some of the requests live on DeBank, Zerion, etc. |
Create Nexus Mutual Governance Hub | Completed | |
Create Nexus Mutual Staking Pool Managers Hub | In Progress | Working on this with other members of the Product & Risk team, as well as existing pool managers. |
Develop Discord Stages, Twitter Spaces series with ecosystem leaders | Ongoing | |
Create Community-branded Visuals, Animations | Completed | You’ll notice new cover announcement graphics and other updated visuals from this project on our social channels. |
Collaborate with Engineering on governance research project | In Progress | |
Collaborate with Engineering on technical documentation project | In Progress | We’ve started with resources on integrations, which we’ll be adding to the docs and DAO website. More to come… |
Head of Community (FT): BraveNewDeFi
- Role Description. Directs community operations, writes and distributes content for the Mutual, writes and maintains the Nexus Mutual docs, works with Community Manager to provide timely support to members across various channels and improve engagement on the governance forum and Discord. BraveNewDeFi also serves on the Product & Risk team, where he contributes to feasibility assessments for new cover products and cover wording development. He coordinates new product-type and individual listings with the Engineering team and maintains an internal product-type and individual listings database. When claim events arise, BraveNewDeFi works with the Community Manager to help members prepare for claims filing, shares updates with Claim Assessors, and catalogs claim outcomes on the Claims History database.
- Bio. BraveNewDeFi has been active in DeFi since 2020. He first began contributing to the Mutual as a technical writer in early 2021 when he overhauled the Mutual’s documentation. He went on to create the Nexus Mutual DAO Team framework, launched the first DAO team, and become a full-time contributor within the DAO. Since 2021, BraveNewDeFi has been working on behalf of members as the Head of Community within the DAO, while adopting more duties and responsibilites outside of the Community team. Brave also leads the Product & Risk team within the Mutual and runs Pool 22, his personal staking pool where he underwrites risk.
- Compensation. $10,500 monthly for a 6-month total of $63,000, per the most recent funding proposal.
Community Manager (FT): Sem
- Role Description. Responsible for community management, content production and coordination across the social channels, including content delivery in targeted channels. Conducts regular research on ways to improve member experience within Discord, governance forum, etc. Supports knowledge and project management.
- Bio. Sem joined the Community team part-time in February 2022 and later transitioned to a full-time team member in June 2023. She has a background in freelance governance research, notably with reState Foundation on the Future of Governance Toolkit. Her career spans roles as a VC Associate focusing on emerging fintech, product management, organizational design consulting, and human-computer interaction research. Sem earned an M.Sc. and B.Sc. from the Technical University of Munich and is fluent in English, German, and Turkish.
- Compensation. $7,000 monthly for a 6-month total of $42,000, per the most recent funding proposal.
Purpose
Overcome hard problems faced by the protocol and ecosystem. Decentralise the problem-solving function, increase transparency, and attract skilled members who want to solve difficult problems.
- Lead project on new tokenomics implementation. Communicate, refine, and generate consensus amongst the wider community, DAO teams and the Foundation. Collaborate with the Engineering team on implementation details. Drive the project towards completion as quickly as possible by identifying outstanding gaps and working to eliminate them.
- Update the calculation of the Cover Amount/MCR parameter. Create an improved process for refreshing the cover-based MCR calculation parameter on a regular basis.
- Maintain Dune dashboards on an ongoing basis and adapt them quickly to any protocol changes. If necessary, create new dashboards to capture new elements of protocol.
- Act as liaison between Investment Committee and the Nexus Mutual DAO and Foundation, especially around the prioritizing and technical integration of upcoming investments.
Deliverable | Status | Updates |
Tokenomics Part 2 | In Progress | |
MCR Revamp Project | In Progress | |
Support Investment Committee | Ongoing |
Head of R&D (PT): Rei
- Role Description.
- Bio.
- Compensation.
Dune Wizard (Contractor): Guy
- Role Description.
- Bio.
- Compensation.
Purpose
Provide support to the DAO teams, manage projects between DAO teams to improve communication and efficiency, coordinate online and in-person events, and improve internal operations within the DAO.
- Bring DAO community ownership to coordination of funds, projects, and events.
- Coordinate DAO teams projects, goals and strategy.
- Coordinate, and execute team external events and conferences.
- Provide oversight and support for cross-team projects.
Deliverable | Status | Updates |
Head of Operations (FT): Kayleigh
Purpose
Invest Nexus Mutual’s assets in a way that maximises the return without negatively impacting the Mutual’s ability to pay claims on a timely basis.
- Conducting new research on investment opportunities and proposing these ideas to members
- Researching changes in existing investments
- Maintaining the Investment Philosophy
- Investment proposals for the DAO treasury
Deliverable | Status | Updates |
Update the Investment Philosophy | In Progress | |
Evalute ETH-denominated Capital Pool investments | In Progress | |
Evaluate DAO treasury management strategy | In Progress |
