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  • Nexus Mutual Community Shares Wrapped NXM & MCR Increment Recap

    Nexus Mutual – the discretionary mutual for smart contract covers – has had a major onboarding hurdle removed by its community through an NXM wrapper. Some of our community members have created wNXM. Which is 1 for 1 redeemable against genuine NXM.
    There is now a Balancer pool and wNXM is available via @1inchExchange and @paraswap
    — Nexus Mutual (@NexusMutual) July 17, 2020 Prior to this feature, NXM could only be acquired by undergoing KYC to join the mutual. While this has… … More

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  • Nexus Mutual Proposes Foundation Funding

    Nexus Mutual – the discretionary mutual known for its alternative DeFi insurance products – is proposing a potential revenue stream for the Foundation.
    Nexus Mutual’s Foundation is a Collective Risk Services CIC (CRS) operating as a non-profit which is responsible for employing the core team in addition to paying other operating expenses including website, marketing, audits and more.
    The initial proposal requests that the current 2.5% sell spread on any NXM redemptions (i.e. Mu… … More

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