About Nexus Mutual

Founded in 2017 by Hugh Karp, Nexus Mutual is an alternative to insurance for Ethereum users. Members can buy coverage to protect against material losses whentransferring funds into a protocol’s smart contracts or keeping funds with acustodian. Nexus Mutual is a discretionary mutual. Each member holds NXM tokens, whichrepresent proportional ownership of the mutual. Members are responsible forgovernance, capital provision, and risk and claims assessment.

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