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Nexus Mutual

DeFi Saver

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Learn which DeFi derivatives projects have already made the leap to Ethereum's layer-two (L2) scaling solutions!

Top DeFi derivatives projects on L2s : you've got (fast and cheap) options

DeFi Pulse monitors each protocol&#039;s underlying smart contracts on the Ethereum blockchain.

Defi Pulse Blog

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Top DeFi derivatives projects on L2s

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William Peaster

DeFi is the future of TradFi! Learn how AMMs are the latest big advance in the history of derivatives markets.

AMMs: a milestone in the history of derivatives markets - DeFi 101 series

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AMMs: a milestone in the history of derivatives markets

What's the difference between leverage and derivatives? How does that apply to cryptocurrencies? Learn which strategy is more suitable to you!

Crypto leverage vs. crypto derivatives

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The crypto derivatives industry is among the fastest growing sectors in the cryptoeconomy.  These financial instruments, which help traders flexibly...

DeFi derivatives: on the challenges of overtaking the CEX market

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Nexus Mutual launch post

EthHub - Nexus Mutual

NXM token explainer

Nexus Mutual Discord

Nexus Mutual is an open platform on Ethereum that lets members pool and share risk through a discretionary mutual (a community-owned insurance alternative). Only members can participate in the network, buy cover, and hold NXM (the platform's native token). But anyone can become a member by paying a nominal fee in ETH. The mutual is fully member-owned, and members are entitled to a share of any capital held in excess of what's necessary to pay potential claims.
Two months after its May 2019 launch, Nexus Mutual rolled out its first product, Smart Contract Cover, which lets members buy protection against financial loss caused by another's misuse of a smart contract. Cover is customizable: buyers choose a smart contract (any Etherscan-verified contract is eligible; for complex dApps, coverage extends to directly-related contracts) and coverage duration and amount (in ETH). Cover is priced in NXM, but the platform allows payment in ETH or Dai, which it exchanges for NXM.
NXM is also used for governance and incentivization of honest risk- and claim-assessment. For risk assessment, members can stake NXM to show confidence in a particular smart contract's security. Stakers get rewards if cover is bought for that contract, but if the contract is deemed unsafe, the stake may be slashed. For claims assessment, members earn rewards by staking NXM in support of a legitimate claim; for fraudulent claims, stakers are penalized.

Total Value Locked		24H
in USD	$300.3M	-3.1%
in ETH	152.9K	-0.0%
in BTC	10.3K	+0.8%
ETH Locked	122.3K ETH	-30
% Supply Locked	0.10%
Blockchain	Ethereum
Most Locked	$ETH
Protocol Token	$NXM

Nexus Mutual

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