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| Time | Type | USD | Amount NXM | Total ETH | Price | Maker | Tx |
|---|---|---|---|---|---|---|---|
| Date | Type | USD | NXM | Price | Current value | TXN |
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Nexus Mutual is an onchain discretionary mutual. Members pool capital, buy cover against onchain and real world risks, underwrite that risk by staking NXM, and decide claims and protocol changes through governance.
Nexus Mutual is an onchain discretionary mutual. Members pool capital, buy cover against onchain and real world risks, underwrite that risk by staking NXM, and decide claims and protocol changes through governance.
Nexus Mutual is a decentralized insurance alternative that allows members to join and share risk. Members can purchase cover products that protect against different kinds of risk. The Nexus Mutual protocol is built on Ethereum and provides the infrastructure for members to buy cover, underwrite risk, assess claims, and build risk management businesses.
The Nexus Mutual DAO operates as a discretionary mutual - people can join, share risk, and enjoy the benefits of membership. Members coordinate with one another through the Nexus Mutual protocol.
The NXM token is backed by crypto assets held in the capital pool contract. When someone contributes ETH, USDC or cbBTC to the Capital Pool in the Nexus Mutual user interface, NXM is minted and transferred to their wallet.
Members can custody and use NXM within the protocol to participate in: Onchain governance. NXM holders use the token to vote in onchain governance, where members make critical decisions about protocol upgrades, capital pool investment allocations, and how capital pool assets are used. DAO governance. Members decide how DAO treasury funds are used by discussing proposals and voting with their NXM. Staking. NXM powers the underwriting process, where members can stake and delegate their NXM to a pool or assess risk and manage a staking pool. By staking NXM, they create open capacity for other members to buy cover. When cover is purchased, NXM stakers are rewarded with a share of the cover fee in NXM.
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