July 14, 2020, 6:10PM EDT
• 10 min read

Nexus Mutual: growth and competition in decentralized insurance

Quick Take

  • Launched in May 2019, Nexus Mutual is a member-owned capital pool that provides insurance against smart contracts bugs
  • Nexus Mutual’s growth has been driven by insurance demand by liquidity miners. Today, total insurance coverage is $9.1 million
  • Nexus Mutual’s insurance model is capital efficient compared to using options for insurance, but requires more active governance by token holders

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