Nexus Mutual is a decentralized insurance marketplace where users pool capital to cover DeFi smart contract risks. Sherlock is a security audit platform that also offers coverage against protocol exploits by verifying code and staking capital. Nexus Mutual suits individual users seeking broad cover for DeFi positions, while Sherlock is designed for protocols that want integrated security assessment and coverage.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $88.1MDefiLlama | $502.8KDefiLlama |
| MCap Rank | #286 | — |
| Total Raised | $4.1M | $5.5M |
| Founded | 2017 | 2021 |
| Stage | — | — |
| X / Twitter | 41K | 28K |
| GitHub Stars | — | 147 |
| Chains | ethereum | ethereum |
| Tags | Insurance, DeFi, DeFi | Security Audit, Security Solutions, Cybersecurity |
Nexus Mutual is a decentralized insurance protocol on Ethereum that provides cover against smart contract failures and hacks, protecting users from financial losses due to code exploits. It also offers custody cover for centralized custodians and lenders, and has expanded to cover curated vaults through OpenCover.
Sherlock is a risk management protocol that provides decentralized insurance and auditing for DeFi protocols, combining protocol-to-protocol coverage with a smart contract security team to protect users and funds.