Nexus Mutual nxm
What is Nexus Mutual?
Nexus Mutual is an onchain discretionary mutual on Ethereum. Members pool capital, purchase cover against risks, underwrite by staking NXM, assess claims, and govern. NXM is the governance and utility token.
What problem does Nexus Mutual solve?
Crypto users face losses from smart-contract exploits, custody failures, slashing, and depegs that conventional insurance may not cover. Nexus Mutual pools member capital for shared risk coverage.
How does Nexus Mutual work?
Members buy cover, stake NXM for underwriting, and vote on claims. Stakers earn rewards but risk burns for accepted claims. NXM minting/redemption uses RAMM pools. Membership requires KYC.
Key facts
- Ticker: NXM
- Ethereum ERC-20
- Contract: 0xd7c49CEE7E9188cCa6AD8FF264C1DA2e69D4Cf3B
- Launched 2019
- Discretionary mutual
- KYC required
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Frequently asked questions
What is Nexus Mutual?
An onchain discretionary mutual for shared risk coverage.
What is NXM used for?
Governance, staking/underwriting, and rewards.
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