Nexus Mutual (NXM)

11 Articles 2 Followers

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People powered alternative to insurance. Built on Ethereum.

On-chain insurance

4 Aug 2023 6 minute read 1 comment fmiren

Decentralized insurance We all believe that DeFi is the future of the global financial system. It will and is changing multiple areas, such as payments, trading, and banking. By making finance more accessible and transparent it will play the role of...

Nexus Mutual: Insurance AND Risk Assessment Resource

21 Jun 2022 1 minute read 0 comments 1securemf

Custodian Insurance and Celsius A quick glance at the cost of coverage shows that Nexus Mutual was (rightfully) dubious of Celsius from the beginning.  The cost of cover for the majority of custodians is a mere 2.6%, not just for centralized exchang...

【NXM / Nexus Mutual】

5 Dec 2021 1 minute read 0 comments グルスキー (gursky)

Using the power of Ethereum, people can share risks without the need for insurance companies. It's a decentralized alternative to insurance. Anyone can become a member and purchase coverage. Addresses the issue of smart contract vulnerabilities, prov...

Making money on insuring my Badgers ( and Nexus Mutual)

6 Jan 2021 12 minute read 0 comments VLK

Introduction For a long time I split my DeFi investments across many projects. I tend to HODL and like to stay involved in the projects I invest in. About 5 weeks ago Badger Finance launched.  I had been waiting for a day 0 project to get involved i...

Are You Covered? Insurance Platforms For Dex and Smart Contract

26 Dec 2020 2 minute read 4 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ

Today we will see platforms (tokens) that perform an insurance function and therefore protect our crypto (and also smart contracts). In Centralized exchanges (Binance, Coinbase, Kraken, etc) if the tokens are lost ... the blame falls on the website m...


25 Dec 2020 13 minute read 2 comments SirGerardThe1st

Merry Christmas and a Happy New Year to all Publish0xers!   Did you realize that in the near future there will be no more "cents"? Why is this very important? Because we have been used for several centuries to the decimal system that divides a moneta...

Nexus Mutual Hacker Wants 10x in Ransom

17 Dec 2020 1 minute read 8 comments Abhimanyu Krishnan

The hacker who targeted Nexus Mutual CEO Hugh Karp and stole $8.3 million has asked for a ransom of 4.5k ETH, or around $3 million, according to a message embedded in the Ethereum transaction. The embedded message reads “Hello Hugh. I will not sell...

Nexus Mutual CEO Hacked for $8M

15 Dec 2020 1 minute read 2 comments Abhimanyu Krishnan

On Dec. 14, DeFi insurance platform Nexus Mutual (NXM) revealed that the personal address of founder and CEO Hugh Karp was hacked for $8 million.  Karp’s hardware wallet address was attacked on early Dec. 14 by a member of the Nexus Mutual platform;...

Does Nexus Mutual KYC Defeat the Purpose?

30 Nov 2020 1 minute read 2 comments Jimmython

So I see a new feature on — a link that lets you buy insurance directly from Nexus Mutual. Interesting. But when I clicked the button, this is what I saw. Excuse me? I thought this was defi. Tell me again why I need to KYC to get prote...

Why the Protocol Political Class is Different

10 Nov 2020 3 minute read 1 comment jer979!!

tl;dr: The Web 3.0 world will be full of politicians, which will bring some similarities, but a few key differences. The other day I got a text from my friend, David, who asked, “what do you think of Proposal #107?” He wasn’t referring to the local b...