Nexus Mutual

On April 13th, it was reported that the DeFi insurance agreement, Nexus Mutual, officially stated that if policyholders who suffered losses and received compensation during Euler F

According to reports, according to OpenCover statistics, the DeFi insurance track paid a record $34.4 million in claims in 2022, exceeding 90% of historical expenses, but only 0.5% of the DeFi market value was insured. The total liquidity of DeFi insurance providers has reached 186000 ETHs (approximately $286 million), a figure that has hovered between $210 million and $394 million in the past nine months. Nexus Mutual dominates the market with a share of around 80%. Interpretation of this information: The message discusses the performance of the DeFi insurance track…

According to reports, according to official Twitter news, the DeFi insurance project Nexus Mutual announced that its V2 version has been launched on the main Ethereum network. The agreement has been transformed into a risk management layer where experts can establish businesses, including: creating capital, launching a pledge pool, managing and pricing risks, developing new products, and so on. V2 aims to achieve seamless integration and product coverage with native DeFi and third-party user interfaces. Interpretation of this information: The DeFi insurance project Nexus Mutual has launched its V2 version…

It is reported that DeFi insurance provider Nexus Mutual has paid about US $5 million in claims due to the bankruptcy of FTX and BlockFi, and is expected to pay another US $2 million. Nexus Mutual is a member-based service, accounting for about 70% of the locked funds of the encryption native insurance agreement. Interpretation of this information: The recent news of Nexus Mutual, an insurance provider for DeFi, paying out claims worth US $5 million due to the bankruptcy of FTX and BlockFi has caught the attention of many…