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TheBlock 2020-07-14 22:10:36

Nexus Mutual: growth and competition in decentralized insurance

Quick TakeLaunched in May 2019, Nexus Mutual is a member-owned capital pool that provides insurance against smart contracts bugsNexus Mutual’s growth has been driven by insurance demand by liquidity miners. Today, total insurance coverage is $9.1 millionNexus Mutual’s insurance model is capital efficient compared to using options for insurance, but requires more active governance by token holders

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