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Creating More Capacity

Creating More Capacity

Nexus Mutual Community ForumNexus Mutual Community Forum02 Jun 2021 | 18:09 pm
Sushil Kumar, CEO of Aave, said, "We have a few options here can do any/all: 1. Increase capacity factors on Aave v2 and Sushiswap benefits: Immediate capacity increase. 2. Increase leverage to 20x to get more fluidity in staking. 3. Wait until we get more flexible pricing.
Proposed Marketing Strategy for Nexus Hub

Proposed Marketing Strategy for Nexus Hub

Nexus Mutual Community ForumNexus Mutual Community Forum01 Jun 2021 | 06:11 am
Nexus Mutual aims to grow the number of seven-figure cover buys by 125% within the next six months. The number of annual cover policies sold will increase from 4,107 to 9,000. We are targeting small-to-mid size protocols that have assets between $5mm and $100mm. We can offer cover products to DAOs that want to deploy assets in DeFi while mitigating the risk of loss.
攻击 Nexus Mutual、 EasyFi 和 FinNexus 的黑客是同一个吗?

攻击 Nexus Mutual、 EasyFi 和 FinNexus 的黑客是同一个吗?

ChainNewsChainNews26 May 2021 | 07:20 am
After analyzing the on-chain transfer records of Nexus Mutual, EasyFi and FinNexus hackers, we found some clues.
Nexus Mutual Cryptocurrency Went Up By Over 56% In The Last 14 Days

Nexus Mutual Cryptocurrency Went Up By Over 56% In The Last 14 Days

via.newsvia.news12 May 2021 | 17:06 pm
Nexus Mutual Cryptocurrency is currently on bullish momentum by 56.13% in the last 14 days. According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Nexus Mutual’s crypto is considered to be oversold. The Chicago Board Options Exchange has applied to list a Bitcoin exchange-traded fund.
Nexus Mutual Cryptocurrency Rises By 64% In The Last 14 Days

Nexus Mutual Cryptocurrency Rises By 64% In The Last 14 Days

via.newsvia.news09 May 2021 | 14:06 pm
Nexus Mutual Cryptocurrency is currently on bullish momentum by 64.99% in the last 14 days. It's 71.13% up from its trailing 14 days low of $84.38 and 4.91% down from its 14 days high of $151.86. According to the stochastic oscillator, Nexus Mutual's crypto is considered to be oversold.
Nexus Mutual Cryptocurrency Is 49% Up In The Last 14 Days

Nexus Mutual Cryptocurrency Is 49% Up In The Last 14 Days

via.newsvia.news08 May 2021 | 13:08 pm
Nexus Mutual Cryptocurrency is currently on bullish momentum by 49.91% in the last 14 days. According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Nexus Mutual’s crypto is considered to be oversold. Bitcoin traders in U.S. lack investor protections, Bloomberg Quint reported.
Investing the Capital Pool in stETH

Investing the Capital Pool in stETH

Nexus Mutual Community ForumNexus Mutual Community Forum07 May 2021 | 18:21 pm
Nexus Mutual is proposing to invest a portion of its capital pool into stETH. StETH is an inflationary token representing the ETH locked in Lido, a pooled staking service for ETH2 with a focus on liquidity and community governance. The main purpose of investing assets in stETH is to provide an additional driver for growing the size of the capital pool, thus enhancing the profitability of the mutual.
Nexus is growing: Protocol Cover is live!

Nexus is growing: Protocol Cover is live!

MediumMedium26 Apr 2021 | 14:12 pm
Nexus Mutual has launched Protocol Cover, a new product for DeFi users to protect their funds across multiple chains, layer two components and severe economic, oracle and governance attacks. Members with funds on non-Ethereum chains now have the ability to get covered for the first time. Nexus Mutual has been protecting its members for nearly two years.
Nexus Mutual Unveils Insurance for Binance Smart Chain, Polkadot, Cosmos | Crypto Briefing

Nexus Mutual Unveils Insurance for Binance Smart Chain, Polkadot, Cosmos | Crypto Briefing

Crypto BriefingCrypto Briefing26 Apr 2021 | 11:12 am
Nexus Mutual is expanding its Protocol Cover program to cover problems on other smart contract networks. Polkadot, Cosmos, and Binance Smart Chain will be covered for smart contract bugs, oracle attacks, governance failings, and hacks. Nexus Mutual was designed to protect users from smart contract risks in DeFi.
Our Network: Issue #66

Our Network: Issue #66

ournetwork.substack.comournetwork.substack.com09 Apr 2021 | 19:08 pm
Coverage on PoolTogether, Nexus Mutual, UMA, and Sushiswap.
PotCoin Migrates to Nexus – Press release Bitcoin News

PotCoin Migrates to Nexus – Press release Bitcoin News

Bitcoin NewsBitcoin News06 Apr 2021 | 05:00 am
PotCoin (POT) is migrating over from its legacy blockchain to Nexus (NXS) in order to support its ambitions in the cannabis industry. Nexus is building a new internet driven by a blockchain-based operating system (LX-OS) and routing protocol (Nexus Protocol), creating distributed satellite constellations and ground based content delivery and edge computing. PotCoin plans to extend the use of tokens as incentives to dispensaries.
PotCoin migrates to Nexus

PotCoin migrates to Nexus

MediumMedium01 Apr 2021 | 16:16 pm
PotCoin is migrating from its legacy blockchain to the Nexus platform. Nexus is building a new internet driven by a blockchain-based operating system (LX-OS) and routing protocol (Nexus Protocol) to create distributed satellite constellations and ground-based content delivery and edge computing. PotCoin plans to extend the use of tokens as incentives to dispensaries and as customer rewards.
Our community grants programme is live!

Our community grants programme is live!

MediumMedium22 Mar 2021 | 19:34 pm
Nexus has launched a Community Fund to support its community to bring their skills and experience to growing and developing the mutual. Anyone can apply for a community fund grant by filling in this form. Projects should benefit the growth and development of the mutual but aren’t limited otherwise. We currently have 5 proposals for grants open for discussion.
Our bonding curve has been improved

Our bonding curve has been improved

MediumMedium10 Mar 2021 | 13:22 pm
NexusMutual’s token bonding curve has been upgraded. The previous implementation was potentially exploitable at very high MCR% to make the spread between the buy and sell price negative. This theoretically allowed, under certain conditions, users to sell at a higher price than the one which they bought and exploit the buy/sell functionality to make profit. The upgrade was required to ensure correctness at all times.
New staking dashboard

New staking dashboard

MediumMedium02 Mar 2021 | 15:49 pm
Nexus Mutual is seeking members of the community who can build dashboards on top of Dune Analytics. Members have asked for more detailed information on the staking dashboard, specifically for performance indicators. So members can now see: Breakdown per contract for:
Paying claims for the Yearn hack

Paying claims for the Yearn hack

MediumMedium24 Feb 2021 | 18:48 pm
Nexus Mutual has paid out $2,410,499.26 in NXM to users affected by the Yearn Finance hack. Members voted to accept 17 claims with proof of loss and reject 3 claims without. The hack affected 31.6% of the assets of each address exposed to Yearn’s vault prior to reimbursement.
Community Fund: welcome Kendrea

Community Fund: welcome Kendrea

MediumMedium16 Feb 2021 | 14:27 pm
Nexus Mutual has appointed Kendrea Krugman as its new Head of Community. She will manage the new Community Fund and will be on hand to support community contributions to the mutual. The Community Fund will encourage active participation from the community to progress the mutual further. The next step will be to implement the one-off mint of 250,000 NXM as per community governance.
Our Network: Issue #57

Our Network: Issue #57

ournetwork.substack.comournetwork.substack.com05 Feb 2021 | 17:49 pm
Coverage on Index Coop, Hegic, PoolTogether, and Nexus Mutual.
Our Network: Issue #57 (Part 2)

Our Network: Issue #57 (Part 2)

ournetwork.substack.comournetwork.substack.com05 Feb 2021 | 17:29 pm
Coverage on Index Coop, Hegic, PoolTogether, and Nexus Mutual.
Upgrade: investment earnings, reduced gas fees and streamlined architecture

Upgrade: investment earnings, reduced gas fees and streamlined architecture

MediumMedium01 Feb 2021 | 11:49 am
Nexus has implemented a major upgrade to its Capital Pool. Members will be able to jointly decide which assets to invest in and how much of the mutual’s assets to allocate. Members can redeem NXM for ETH up to a max 5% of MCR. The upgrade will allow the rescue of funds from the Pool if they are not a designated asset the mutual holds.
AMA Highlights — Nexus Mutual

AMA Highlights — Nexus Mutual

MediumMedium21 Jan 2021 | 01:10 am
Hugh Karp, the founder of Nexus Mutual, spoke about the future of the insurance market in the DeFi ecosystem. Nexus Mutual is a community-based insurance entity running on-chain. Karp believes there will be a time when one or a few protocols will dominate the market in an oligopolistic scenario.
Ethereum-Based Nexus Mutual Expands Its Decentralized 'Insurance' to Centralized Exchanges - CoinDesk

Ethereum-Based Nexus Mutual Expands Its Decentralized 'Insurance' to Centralized Exchanges - CoinDesk

CoinDeskCoinDesk12 Jan 2021 | 08:00 am
Nexus Mutual is expanding its community-based offering to cover users of well-established cryptocurrency exchanges such as Binance, Kraken and Gemini. The decentralized alternative to insurance will pay a claim if an exchange gets hacked and the user loses more than 10% of their funds, or if withdrawals are halted for over 90 days.
NXM Hack Update

NXM Hack Update

MediumMedium21 Dec 2020 | 16:46 pm
Nexus Mutual is offering a bounty for a hacker who stole $370,000 worth of NXM. The hacker has liquidated the majority of the NXM into ETH/BTC and has been dispersing it to many different addresses and exchanges. The Nexus Mutual smart contracts and funds are completely unaffected, this attack is a personal one.
Nexus Mutual Community Fund

Nexus Mutual Community Fund

Nexus Mutual Community ForumNexus Mutual Community Forum18 Dec 2020 | 13:18 pm
I’m supportive of the mint, but I’d like to know first how this differs from the Nexus Foundation’s goal and why a mint should go to a separate community fund rather than the Foundation. Since Batman sold his NXM and isn’t very active in the community anymore, I
Citadel.one partners Nexus Mutual

Citadel.one partners Nexus Mutual

MediumMedium16 Dec 2020 | 06:41 am
Citadel.one and Nexus Mutual have teamed up to research decentralized finance. Nexus Mutual uses blockchain technology to bring the mutual ethos back to insurance by creating aligned incentives through smart contract code on the Ethereum blockchain. Citadel.one is a non-custodial Proof-of-Stake platform for the management and storage of crypto assets.
Custody cover is now live!

Custody cover is now live!

MediumMedium02 Dec 2020 | 14:08 pm
Users of centralised exchanges and custodians, who are responsible for the safekeeping of their users' private keys to cryptocurrency assets, will now be able to purchase custody cover from Nexus Mutual. Custody cover will protect users who put funds into an organisation which is responsible for keeping private keys of cryptocurrency assets on behalf of its users.
The 88mph Wild Ride

The 88mph Wild Ride

MediumMedium28 Nov 2020 | 04:05 am
Bacon Labs, which launched Bitcoin's fixed-rate interest protocol 88mph last week, has revealed a bug in its protocol that allowed anyone to transfer MPH tokens from any account to the governance treasury. The bug was responsible for minting tokens for free. It also allowed the attacker to receive bond rewards without needing to pay anything, as the bond's cost is refunded when the deposit is withdrawn.
Safe mining

Safe mining

MediumMedium02 Nov 2020 | 13:29 pm
Nexus Mutual has revealed that during September, 1137 covers were purchased through the yInsure distributor contract totalling $1,623,094 (over ₹6 crore) in cover costs. Nexus Mutual saw a surge in covers being purchased due to SAFE mining. The minimum length for any cover is 30 days which meant that on October 14th active cover dropped back down to $74 million.
Harvest flashloans: would they have been covered?

Harvest flashloans: would they have been covered?

MediumMedium27 Oct 2020 | 12:35 pm
A user exploited an arbitrage opportunity by temporarily manipulating the value of individual assets inside the Y pool of Curve.fi, where the funds of Harvest's vaults were invested. The user used the manipulated asset value to deposit funds into Harvest’s vaults and obtain vault shares for a beneficial price, and later exit the vault at a regular share price generating a profit.
Welcome to Nexus, Ricky!

Welcome to Nexus, Ricky!

MediumMedium16 Oct 2020 | 13:47 pm
Nexus Mutual has announced the appointment of Ricky Bhatnagar as its new Head of Business Development. Ricky has spent the past ten years in commercial roles in institutional finance and fintech. He founded a crypto company called TokenData and helped venture funds and startups in the space with a wide range of research and data projects.
Black Thursday claims

Black Thursday claims

MediumMedium20 Mar 2020 | 11:31 am
Nexus Mutual has declined all claims for the MakerDAO market activity after ETH lost 30% value in less than 24 hours. The Nexus Mutual community had a wide range of opinions on whether smart contract cover should protect users against this particular incident. Some members found it hard to accept that the incident was even related to smart contracts.
bZx flash loan event

bZx flash loan event

MediumMedium19 Feb 2020 | 15:42 pm
Nexus Mutual has accepted a claim to pay out on the 30,000 DAI claim on cryptocurrency bZx, which was rejected by 7/8 of its claims assessors after staking a combined 76,000 NXM (over $300,000) in the process. The claim was submitted on 15th February on the same day as the announcement of the event. Nexus Mutual is a mutual insurance platform.
The history of insurance: from community to corporation and back again.

The history of insurance: from community to corporation and back again.

MediumMedium15 Jan 2020 | 09:42 am
Nexus Mutual has launched smart contract insurance for smart contracts. The insurance is a community-based solution that protects groups against risks that they all share, not a centralised corporate one. Nexus Mutual operates as a mutual for the benefit of all members who jointly own the mutual. It is natively community based.
Returning the power of insurance to the people

Returning the power of insurance to the people

MediumMedium11 Dec 2018 | 11:00 am
Nexus Mutual was created to provide simple and cheap cover that pays out when an earthquake occurs. No one person or entity owns Nexus Mutual — every member does. Nexus Mutual aims to provide more simple, transparent, accessible and cheaper financial protection against their risks. Currently, the company is working on smart contract cover.