Nexus Mutual

About Nexus Mutual

Nexus Mutual is a decentralized insurance protocol built on Ethereum that enables members to share risk through discretionary coverage products. Founded in 2017 and headquartered in London, the platform uses a mutual structure governed by NXM token holders who collectively underwrite smart-contract failure, exchange hacks, and other crypto-specific risks. Members stake tokens to assess claims and receive rewards, while policyholders purchase cover priced algorithmically based on staking levels and historical loss data. The protocol operates transparently on-chain, replacing traditional insurers with peer-to-pool risk sharing and automated claims assessment.