2020-12-3 04:48 |
Nexus Mutual is known for being one of the first & most established providers of smart contract cover in the […] The post Nexus Mutual Introduces Custody Cover appeared first on DeFi Rate. origin »
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Nexus is one of several blockchain startups trying to revive mutual insurance. Its first product will cover the risks of ethereum smart contracts.
2018-8-7 15:00 | |
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Nexus Mutual is also behind a new insurance alternative on Coinbase’s L2 network called Base DeFi Pass.
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 has come to be an integral part of our regular existence, to protect our assets and lives in case any catastrophe is to strike. Now, when so many of us are entering the world of blockchain and cryptocurrencies, and trusting smart contracts (virtual self-executing contracts) with our funds and personal information, it’s only normal […] The post Crypto Gem Series Part 2: Nexus Mutual appeared first on ItsBlockchain.
This is caused either by hacking, smart contract vulnerabilities, destabilization of an asset, or just a good old fashioned cryptocurrency rug pulls. Either way, solutions are needed to mitigate these losses.