Nexus Mutual

Nexus Mutual (NXM)

What is Nexus Mutual?

Nexus Mutual is a decentralized insurance protocol built on Ethereum that currently offers cover for smart contracts on the Ethereum blockchain, currently covering all the main defi protocols. Nexus Mutual offers coverage against smart contract failures, which protects against potential bugs in smart contract code. The coverage intends to provide protection against financial losses that may be incurred due to hacks or exploits in the smart contract code. Note that smart contract cover only protects against “unintended uses” of smart contracts, so security events such as the loss of private keys or centralized exchange hacks are not covered. In December 2020, it released custody cover covering centralised custodians and lenders such as Celsius, Blockfi, and Nexo.

Key Facts & Snapshot

• Symbol: NXM
• CoinGecko id: nxm
• Market cap rank (CoinGecko): #263
• Categories: Decentralized Finance (DeFi), Insurance, Ethereum Ecosystem
• Circulating supply (snapshot): 1,826,596
• Total supply (snapshot): 1,826,596
• All-time high (USD, CoinGecko): $185.97 (Nov 10, 2021)
• All-time low (USD, CoinGecko): $6.96 (Jul 22, 2020)

Market (USD snapshot)

• Market cap (USD, snapshot): $104.20M
• 24h volume (USD, snapshot): $0.000
• Fully diluted valuation (USD, snapshot): $104.20M
• 24h price change (snapshot): -0.56%

Community & code (CoinGecko)

• Telegram members (CoinGecko): 984

Contract addresses (by platform)

• ethereum: 0xd7c49cee7e9188cca6ad8ff264c1da2e69d4cf3b

Official & Community Links

• Official website
• Block explorer / chain info

Learn More

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