Nexus Mutual Insurance
by Nexus Mutual
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What problem does this service solve?
Nexus Mutual enables investors to hedge against the risks involved in the Ethereum ecosystem.
Company Details
- Nexus Mutual
- https://nexusmutual.io
- Founded 2019
- London
- DeFi Insurance Provider
About Nexus Mutual Insurance
Nexus Mutual Insurance is an Ethereum-based insurance protocol. It is designed to allow users to create a shared risk pool instead of purchasing an insurance policy from a centralized provider. The platform is powered by the NXM token which provides tokenized membership rights in the risk pool. The NXM token model is intended to encourage user participation is assessing risk and processing claims. The company's first decentralized insurance product is called Smart Contract Cover and provides DeFi investors with insurance to protect against hacks.
