Nexus Mutual

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.

By Ian Allison

Sep 7, 2023 at 2:21 p.m. UTC

Sep 7, 2023

Exclusive InsuranceDeFiBaseNexus Mutual

Rainy day cover: Nexus Mutual is adding some of its $274 million on-chain capital pool capacity to a U.K.-based mutual organization. (Shutterstock)

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.

By Ian Allison

Aug 8, 2023 at 1:00 p.m. UTC

Aug 8, 2023

Nexus MutualInsuranceDeFiTradFiRetail

DeFi Insurer Nexus Mutual Demands $2M Refund From Euler Hack Claimants. One User Traded it Anyway

Euler's hacker returned most of the money, putting the insurer that already paid claims in a pickle. Members of Nexus Mutual could get lawyers involved if the $2 million they’re owed isn’t returned.

By Danny Nelson

Apr 12, 2023 at 7:35 p.m. UTC

Apr 12, 2023

Nexus MutualInsuranceOn-chain DataEuler FinanceHack

Nexus Mutual expects a loss of 2,461 ETH on its deposit into a wrapped ether credit pool on Maple Finance. (deepblue4you/Getty images)

DeFi Risk-Sharing Protocol Nexus Expects Loss on Maple Credit Pool Investment as FTX Contagion Widens

Nexus Mutual, which offers an insurance alternative for decentralized finance traders, deposited some $19 million in ETH to Maple’s wrapped ether credit pool, which was rocked by Orthogonal Trading’s recent default.

By Krisztian Sandor

Dec 5, 2022 at 11:52 p.m. UTC

Dec 5, 2022

MarketsLendingNexus MutualDeFiDecentralized Finance