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Nexus Mutual

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Decentralized insurance on blockchain

Nexus Mutual is a decentralized insurance platform on the Ethereum network. It offers a discretionary mutual offering as an alternative for insurance to Ethereum users. Those who join the mutual become members, and they can buy a cover to protect themselves against hack in smart contract code. Earthquake cover is their first mutual product.

Nexus Mutual has its own token called NXM tokens which represent membership rights in the mutual. Users who participate in their program can buy smart contract cover, stake on smart contracts and earn rewards, stake to assess claims submitted by other members, contribute funds to the mutual and hold NXM tokens, vote on proposals, and so on. Nexus Mutual is headquartered in London, United Kingdom.

Categories

Cryptocurrencies, DeFi

Location

London, United Kingdom

Year founded

2017