What is Nexus Mutual?
Founded in 2017 by Hugh Karp, Nexus Mutual is an alternative to insurance for Ethereum users. Members can buy coverage to protect against material losses when transferring funds into a protocol’s smart contracts or keeping funds with a custodian. Nexus Mutual is a discretionary mutual. Each member holds NXM tokens, which represent proportional ownership of the mutual. Members are responsible for governance, capital provision, and risk and claims assessment.
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