/
Nexus Mutual is a decentralized insurance protocol on the Ethereum blockchain that leverages smart contracts to offer transparent and efficient coverage against smart contract failures, DeFi protocol hacks, and more. Unlike traditional insurers, Nexus Mutual democratizes insurance by enabling members to share risks without an intermediary company, embodying decentralization. The native NXM token facilitates governance, claims assessment, and risk sharing within the community, with KYC procedures required to hold NXM. A wrapped version, wNXM, enhances liquidity and is available on major exchanges. In December 2020, Nexus Mutual broadened its scope to include custody cover for centralized custodians like Celsius and Blockfi. Trading activity for wNXM is robust, reflecting its wide acceptance. More details are at https://nexusmutual.io/
Nexus Mutual is a decentralized insurance protocol on the Ethereum blockchain that leverages smart contracts to offer transparent and efficient coverage against smart contract failures, DeFi protocol hacks, and more. Unlike traditional insurers, Nexus Mutual democratizes insurance by enabling members to share risks without an intermediary company, embodying decentralization. The native NXM token facilitates governance, claims assessment, and risk sharing within the community, with KYC procedures required to hold NXM. A wrapped version, wNXM, enhances liquidity and is available on major exchanges. In December 2020, Nexus Mutual broadened its scope to include custody cover for centralized custodians like Celsius and Blockfi. Trading activity for wNXM is robust, reflecting its wide acceptance. More details are at https://nexusmutual.io/
Nexus Mutual is designed to disrupt the traditional insurance industry by offering decentralized insurance cover products on the Ethereum blockchain. It allows members to share risk without the intervention of a traditional insurance company, thus democratizing insurance purchasing. The platform mainly protects users against financial losses due to smart contract failures in the DeFi space.
Nexus Mutual leverages Ethereum's blockchain and smart contract technology to offer transparent and efficient insurance coverage. Smart contracts facilitate claims assessment and payouts, ensuring trust and fairness. The decentralized nature allows members to control governance, claims handling, and risk sharing, with tokens like NXM playing a central role in ecosystem facilitation.
NXM is the native token of Nexus Mutual for internal protocol use, requiring users to complete KYC procedures to hold it. In contrast, wNXM is a wrapped version available on exchanges like Uniswap and Binance, offering improved liquidity and broader ownership. Registered Nexus Mutual members can unwrap wNXM back into NXM for standard protocol use.
Nexus Mutual offers coverage primarily for smart contract failures and unintended uses in the DeFi sector. It expanded to cover centralized custodians like Celsius and Blockfi, yet notably excludes events like private key loss and centralized exchange hacks. This offers targeted financial security for investors in the crypto ecosystem.
Nexus Mutual decentralizes the insurance process, replacing traditional profit-focused companies with a member-driven model. It offers transparent and community-governed risk-sharing facilitated by blockchain technology, aiming to prioritize member benefits over company profits, thus aligning with the decentralization ethos.
Nexus Mutual addresses a critical need for security in the volatile crypto market by providing decentralized insurance. It enhances trust within DeFi by offering users risk mitigation against smart contract exploits, improving overall market stability and participant confidence in digital asset management.
Decentralized insurance leveraging NXM for smart contract risks and DeFi security.
Nexus is creating a decentralized Internet with satellite tech and mesh networks for global, secure access. Its 3D blockchain boosts scalability and speed, focusing on quantum-resistant security for diverse applications.
Nexus Chain combines decentralized and centralized crypto ecosystems with high TPS blockchain, a centralized exchange, and extensive NFT functionalities.
KNexus is a DeFi and NFT platform offering tools for NFT curation, discovery, and engagement, enhancing the web3 creator and collector experience with social features and governance via KNX tokens.
Nexus Protocol is a DeFi platform on Terra blockchain, offering tools for yield farming optimization and leveraged farming, aiming to maximize returns and reduce risks.
Neptune Mutual offers blockchain-based parametric insurance for DeFi, covering risks like smart contract flaws and hacks, via decentralized pools and NPM governance.
Nexus One is a venture capital firm targeting early-stage web3, cryptocurrency, and blockchain projects, specializing in DeFi, NFTs, metaverse, and infrastructure with a focus on fostering innovation and growth in the digital asset space.
NexisDAO is a DeFi platform enabling users to mint 'USN' stablecoins via collateralized debt with various cryptos, offering decentralized governance and aiming to stabilize the DeFi ecosystem.
Nereus Finance is a decentralized, non-custodial liquidity market offering dynamic and fixed interest rates with lower collateral requirements and issuing NXUSD, an algorithmic stablecoin.
NexusAI revolutionizes digital infrastructure management and automation via advanced AI, featuring AI-powered nodes, a custom node marketplace, and a Proof of Knowledge consensus mechanism.
NxFinance: A DeFi platform on Ethereum, offering non-custodial asset management, yield farming, lending, and DEX services with auto-compounding and risk reduction.
EtherNexus is your central hub for discovering and investing in promising DeFi tokens, guided by the expertise of market veterans and governed by a DAO.
