Nexus Mutual
Established in 2017 by Hugh Karp, Nexus Mutual offers an alternative to traditional insurance for users of Ethereum. Members have the option to purchase insurance to safeguard against significant losses when depositing funds into a protocol’s smart contracts or holding funds with a custodian. Nexus Mutual operates as a discretionary mutual. Every member possesses NXM tokens, signifying their proportional stake in the mutual. Members are accountable for governance, providing capital, and assessing risks and claims.
