Nexus Mutual


Finance

Bittensor App Gets Hack Risk Cover From Nexus Mutual-Backed Insurance Firm Native

Team Rizzo, which operates Bittensor subnets and validator services, has snagged $25 million in on-chain cover from Native, a digital asset insurance specialist.

Native leaders: In order from left to right, these are James Asaad (Chairman), Dan Ross (CTO) and Ben David (CEO). (Native)

Finance

DeFi Cover Provider Nexus Mutual Backs New Crypto Insurance Broker Native

Nexus Mutual is also behind a new insurance alternative on Coinbase’s L2 network called Base DeFi Pass.

Inside the Lloyd's of London insurance market. (Lloyd's of London)

Finance

RWA Platform Re Debuts Tokenized Reinsurance Fund on Avalanche with $15M Commitment from Nexus Mutual

The company aims to broaden access to the $1 trillion reinsurance industry, making it more efficient and transparent with blockchain technology.

Karn Saroya, CEO of Re (Re)

Finance

DeFi Insurer Nexus Mutual Requests $153K for 6-Month Budget

The crypto insurance protocol is anticipating growth stemming from a recent partnership.

Ledn's Mauricio Di Bartolomeo argues that the crypto lending industry can rebuild trust following a disastrous 2022. (Mathieu Stern/Unsplash, modified by CoinDesk)

Finance

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.

Insurance (Vlad Deep/Unsplash)

Finance

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.

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Finance

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.

(DALL-E/CoinDesk)

Markets

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.

Posiciones cortas de ether registraron liquidaciones de $200 millones. (deepblue4you/Getty images)

Tech

Insurance Alternative Nexus Mutual Follows DeFi Activity to Polkadot, Cosmos, Binance Smart Chain

The Ethereum-based platform for covering losses from DeFi hacks and other flubs is expanding to other chains.

Nexus Mutual is expanding its coverage options.

Finance

Crypto Lender Hodlnaut Teams With Insurance Alternative Nexus Mutual

The Singapore crypto lender toughed it through the bear market and now has $250 million locked and lended.

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