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Insurance$NXM (wNXM)TVL: $200M+
Nexus Mutual
About Nexus Mutual
Nexus Mutual is a decentralised insurance protocol providing cover against smart contract failures, oracle failures, and custody losses. Members pool capital to back coverage, and claims are assessed through a decentralised governance process. As DeFi grows, protocol cover becomes increasingly critical risk management infrastructure.
Supported Networks
Key Features
- Smart contract cover
- Oracle failure cover
- Custody cover
- Member-driven claims assessment
- Capital pooling
- NXM bonding curve
- On-chain governance
- Risk assessment framework
Risks
- Claims assessment subjectivity
- Capital pool limitations
- NXM liquidity (bonding curve)
- Limited cover types
- KYC requirement for membership
- Governance attack vectors