About
Nexus Mutual is a decentralized insurance protocol built on Ethereum that currently offers cover for smart contracts on the Ethereum blockchain, currently covering all the main defi protocols. Nexus Mutual offers coverage against smart contract failures, which protects against potential bugs in smart contract code. The coverage intends to provide protection against financial losses that may be incurred due to hacks or exploits in the smart contract code. Note that smart contract cover only protects against “unintended uses” of smart contracts, so security events such as the loss of private keys or centralized exchange hacks are not covered. In December 2020, it released custody cover covering centralised custodians and lenders such as Celsius, Blockfi, and Nexo.
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History
Funding Round
$2.70M
$2.70M · Collab+Currency, Blockchain Capital, Dialectic
Founder Hugh Karp Phishing Attack
$8.00M
Seed Round
$1.40M
$1.40M
Founded
Recent News
DeFi Cover Provider Nexus Mutual Backs New Crypto Insurance Broker Native
RWA Platform Re Debuts Tokenized Reinsurance Fund on Avalanche with $15M Commitment from Nexus Mutual
DeFi Insurer Nexus Mutual Requests $153K for 6-Month Budget
Nexus Mutual diversifies $27.3 million into Rocket Pool ETH using CoW Swap
RT @Blockworks_: NEWS: Chorus One is partnering with Nexus Mutual to offer insurance coverage to protect users against slashing
RT @NexusMutualDAO: BraveNewDeFi has posted an RFC on the Nexus Mutual governance forum where he's proposed updating the current Protocol C…
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