Nexus Mutual

Nexus Mutual is a decentralized insurance protocol built on the Ethereum blockchain that allows its members to join and share risk for decentralized finance (DeFi). The London-based company was founded in 2017 by CEO Hugh Karp. Nexus Mutual gives its members the ability to buy covercoverage that protectprotects against different types of risk,. as wellIt asalso underwriteunderwrites risk, assessassesses claims, and createcreates risk management businesses.

The Nexus Mutual platform is run entirely by its members, who decide which claims are valid and have their decisions recorded and enforced by smart contracts. This means that claim payments are enforced by token driven economic incentives, eliminating the need to place trust in an insurance company. All members of the mutual have their membership rights backed by legal agreements and represented by cryptocurrency tokens which are used throughout the insurance platform.

The Nexus Mutual platform is run entirely by its members, who decide which claims are valid and have their decisions recorded and enforced by smart contracts. This means claim payments are enforced by token-driven economic incentives, eliminating the need to place trust in an insurance company. All members of the mutual have their membership rights backed by legal agreements and represented by cryptocurrency tokens that are used throughout the insurance platform.

Nexus Mutual offers four different types of cover products for various typeskinds of DeFi risk. The first, Protocol Cover, allows users to insure the funds that they deposit into a single protocol, such as Bitcoin, EthereumEthereum, or Binance. ETH Staking Cover, Nexus's second product, provides coverage to organizations that run ETH validators and offers protection from slashing risks. Nexus also provides Yield Token Cover, which provides coverage to members who have deposited crypto assets into a yield aggregator or a protocol that features integration with other DeFi protocols. Finally, Nexus Mutual also offers Custody Cover, which protects crypto assestsassets that are held in custodial accounts on an exchange and are susceptible to hacks.

Nexus Mutual is a decentralized insurance protocol built on the Ethereum blockchain that allows its members to join and share risk for decentralized finance (DeFi). The London-based company was founded in 2017 by CEO Hugh Karp. Nexus Mutual gives its members the ability to buy cover that protect against different types of risk, as well as underwrite risk, assess claims, and create risk management businesses.

The first product offered by Nexus Mutual is called Smart Contract Cover, which provides protection for "unintended uses of code" that result in financial loss on a smart contract. For example, Smart Contract Cover would pay out in an event such as the Ethereum DAO hack in which a hacker was able to exploit a loophole in the coding to take 3.6 million ETH.

Nexus Mutual offers four different types of cover products for various types of DeFi risk. The first, Protocol Cover, allows users to insure the funds that they deposit into a single protocol, such as Bitcoin, Ethereum or Binance. ETH Staking Cover, Nexus's second product, provides coverage to organizations that run ETH validators and offers protection from slashing risks. Nexus also provides Yield Token Cover, which provides coverage to members who have deposited crypto assets into a yield aggregator or a protocol that features integration with other DeFi protocols. Finally, Nexus Mutual also offers Custody Cover, which protects crypto assests that are held in custodial accounts on an exchange and are susceptible to hacks.

Nexus Mutual is a decentralized insurance protocol built on the Ethereum blockchain that allows its members to join and share risk for decentralized finance (DeFi). The London-based company was founded in 2017 by Hugh Karp. Nexus Mutual gives its members the ability to buy cover that protect against different types of risk, as well as underwrite risk, assess claims, and create risk management businesses.

Nexus Mutual was founded in 2017 by Hugh Karp and is located in London, England.

Nexus Mutual is an Ethereum-based platform that allows people from all over the world to share insurance risk together without the need for a centralized insurance company.

Nexus Mutual is a decentralized insurance protocol built on the Ethereum blockchain that allows its members to join and share risk for decentralized finance (DeFi). The London-based company was founded in 2017 by Hugh Karp.