The crypto insurance protocol is anticipating growth stemming from a recent partnership.
DeFi Insurer Nexus Mutual Requests $153K for 6-Month Budget
The crypto insurance protocol is anticipating growth stemming from a recent partnership.
Coinbase-Backed Insurance Alternative OpenCover Debuts on Layer 2 Blockchain Base
OpenCover, which raised $4 million in a seed round led by the likes of NFX and Jump Crypto, received a $200,000 funding bump from Coinbase to bolster its debut on Base.
Decentralized Insurance Alternative Nexus Mutual Provides Cover to UK Shopkeepers
A partnership with InShare sees Nexus adding some of its $274 million on-chain capacity to the retail mutual insurer comprising over 5,000 shopkeepers and small retail businesses.
Top DeFi Insurer Paid Millions to Euler Hack Victims. Now, Nexus Mutual Wants Its Money Back
Nexus Mutual is one of the biggest insurance platforms for DeFi deposits. Some crypto holders who lost money to Euler filed claims, only to get their money back. Now, Nexus wants its share back, too.
Crypto insurance a ‘sleeping giant’ with only 1% of investments covered
With over $2 billion lost in decentralized finance this year, there exists a huge market opportunity for crypto insurance providers, according to an executive.
DeFi Insurer Nexus Mutual Raises $2.7M in NXM Token Sale
The firm aims to sell over $1 billion worth of cover in 2021 spread across at least 30 protocols.
DeFi Insurer Nexus Mutual Raises $2.7M in NXM Token Sale
The firm aims to sell over $1 billion worth of cover in 2021 spread across at least 30 protocols.
Ethereum-Based Nexus Mutual Expands Its Decentralized ‘Insurance’ to Centralized Exchanges
A way to be covered in the event of an exchange hack.
CEO of DeFi Insurer Nexus Mutual Hacked for $8M in NXM Tokens
Nexus Mutual’s CEO, Hugh Karp, lost the tokens after an attacker gained remote access to his computer.
DeFi Insurer Nexus Mutual Maxed Out by Yield-Farming Boom
Nexus Mutual is seeing a surge in demand. “Our product has honestly seen massive interest since yield farming kicked off,” said founder Hugh Karp.
Business Is Booming for DeFi Insurer Nexus Mutual Ahead of Ethereum 2.0
Nexus Mutual, an alternative insurance provider for a variety of Ethereum-based DeFi protocols, has seen its risk pool double over the past 90 days to more than $4 million.
DeFi Insurance Firm Nexus Mutual Makes Its First Payout Following bZx Attacks
Nexus Mutual members voted to pay out two claims following the bZx flash loan attacks – a first for the DeFi insurance pioneer.
Ethereum Startups Team to Offer ‘Banking-Grade’ Wallet Security
Insurtech startup Nexus Mutual and wallet provider Argent have teamed up to bring bank account-like protection to ethereum.
Ethereum-Powered Insurer Nexus Is Winning Over Blockchain Skeptics
Nexus is one of several blockchain startups trying to revive mutual insurance. Its first product will cover the risks of ethereum smart contracts.