Nexus Mutual Re-poster
The first crypto insurance alternative: covering crypto since 2019 @NexusMutualDAO
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Nexus Mutual has chosen not to list Venus Protocol, a decision driven directly by the platform having a five-year track record of loss events. This situation highlights an important step for anyone currently participating in a DeFi protocol: always verify whether the project has a history of multiple exploits.
Looking at Venus Protocol specifically, the system has endured five separate breaches since 2021. The latest incident took place on March 15th and resulted in $2.15M in bad debt. Notably, the attackers took advantage of a vulnerability that was previously flagged during a 2023 audit but was ultimately ignored.
Looking at Venus Protocol specifically, the system has endured five separate breaches since 2021. The latest incident took place on March 15th and resulted in $2.15M in bad debt. Notably, the attackers took advantage of a vulnerability that was previously flagged during a 2023 audit but was ultimately ignored.
"Traditional insurance companies aren't built for AI agents. But we are."
@HughKarp on seven years of protecting DeFi, $18.5M+ in valid claims paid, and why the next chapter is bigger than anything we've covered yet.
Read the full interview →
@HughKarp on seven years of protecting DeFi, $18.5M+ in valid claims paid, and why the next chapter is bigger than anything we've covered yet.
Read the full interview →
An initial briefing regarding the Sunday situation at Resolv Protocol is now available to read. The analysis examines the core events, traces the ripple effect of the damage across the DeFi ecosystem, and outlines the specific protections provided by Nexus Mutual. Since this situation is still unfolding, we are committed to providing further updates as we gather more facts. You can find the direct link located in the comments section below.
Have you ever wondered how we select the assets that make up our capital pool? The deciding factor is always whether we can effortlessly convert those holdings into USDC to facilitate claim payouts. To ensure this happens smoothly, we closely examine the security grade, liquidity, and overall size of each potential asset.
While tokenization continues to introduce a variety of fresh alternatives, these foundational standards stay exactly the same. @HughKarp recently touched upon these very principles during a discussion with @symbioticfi.
While tokenization continues to introduce a variety of fresh alternatives, these foundational standards stay exactly the same. @HughKarp recently touched upon these very principles during a discussion with @symbioticfi.
We want to alert our community to a sudden increase in deceptive profiles pretending to be Nexus Mutual. To keep your information secure, please double check that you are engaging exclusively with our verified presence. If you ever feel doubtful about whether an account is truly ours, we encourage you to connect with our team directly at http://nexusmutual.io/contact. We value your security, so please remain vigilant and browse safely.
Be sure to mark your schedule for this upcoming highlight at DAS. We are thrilled to be a sponsor for Modern Money next week, an event hosted by @momentumxglobal, where we will be joining fellow sponsors @turnkeyhq, @Polymarket, and @therollupco. This gathering presents a remarkable chance to engage and network with the dedicated professionals who are actively shaping the future of institutional DeFi. You can access more details and secure your attendance through the link provided below.
https://luma.com/Modern-Money-March-2026?tk=VZ0f9F
https://luma.com/Modern-Money-March-2026?tk=VZ0f9F
The polls are now officially open for the Community Fund Ratification Proposal.
Should this measure receive approval, the Advisory Board is set to sign the essential legal documents that will explicitly define the fund's legal status and cement its formal connection with the Foundation. It is important to note that this initiative will not alter any existing onchain governance processes related to how the Fund is administered.
Initially launched in 2020, well before the creation of the Foundation, the Community Fund has undergone significant development over the years. It currently functions as an essential driver of commission income and reliably oversees the distribution of payments to DAO contractors.
You can find further details about this initiative by reviewing the voting overview located below.
Should this measure receive approval, the Advisory Board is set to sign the essential legal documents that will explicitly define the fund's legal status and cement its formal connection with the Foundation. It is important to note that this initiative will not alter any existing onchain governance processes related to how the Fund is administered.
Initially launched in 2020, well before the creation of the Foundation, the Community Fund has undergone significant development over the years. It currently functions as an essential driver of commission income and reliably oversees the distribution of payments to DAO contractors.
You can find further details about this initiative by reviewing the voting overview located below.
For anyone looking to expand their understanding of crypto risk, attending the panel at @ITI_Insurtech featuring our CLO @AniaWiktoria7 presents a truly exceptional learning occasion. It is highly recommended for those wanting to dive deeper into the subject. Furthermore, please feel free to send us a message if you wish to connect with our team to have a direct conversation about risk.
Let us introduce Roxana Danila, the CTO of Nexus Mutual. When @roxdanila came on board in 2019, an engineering department had not yet been established. Starting entirely from scratch, she successfully cultivated a development environment where safety is the absolute top priority. She holds firmly to an unwavering standard: unsecure code never gets deployed. This rule applies regardless of how minor an update might seem or how strict the schedule is. Furthermore, she shares her insights regarding the various compromises required when developing within a security-critical environment. Her discussion explores the balance between rolling out fresh capabilities and reinforcing core infrastructure, weighing rapid development against long-term upkeep, and understanding exactly when to dive deep into the daily details versus taking a broader leadership perspective. You can find the link in the thread.
It is highly likely that conventional insurance providers would have suffered severe financial damage during the TerraUSD Collapse in 2022. This vulnerability has nothing to do with a shortage of available capital. Rather, the disadvantage for traditional companies is that they do not actively immerse themselves in the operational details as protocol users the way we do. Navigating the DeFi space requires overcoming a steep educational barrier that rarely leaves room for error.
Are you going to be in Cannes? We are excited to arrange a night dedicated to connections within the institutional DeFi space alongside our partners, @OpenCover and @blockaid_. Should you wish to participate in this networking opportunity, please register your attendance at: https://luma.com/laka56ie
gm Miami!
The Nexus Mutual team is currently attending @iconnections_io and we would be delighted to connect with you. Please make your way to the Crypto Pavilion to visit our booth. Alternatively, if you wish to organize a scheduled discussion, please send a message to @TokenData, @MontBlancDeFi, or @NotTheDrPhil to arrange a meeting.
The Nexus Mutual team is currently attending @iconnections_io and we would be delighted to connect with you. Please make your way to the Crypto Pavilion to visit our booth. Alternatively, if you wish to organize a scheduled discussion, please send a message to @TokenData, @MontBlancDeFi, or @NotTheDrPhil to arrange a meeting.
Join us in Miami as we attend @iconnections_io. Our focus during the trip will be discussing how to manage onchain risk. This conversation is relevant for everyone from established DeFi funds to allocators who are just beginning to evaluate the landscape. We invite you to come to our booth or DM us to coordinate a meeting time 🤝.
@MontBlancDeFi @TokenData @NotTheDrPhil
@MontBlancDeFi @TokenData @NotTheDrPhil
We are introducing a unified language for onchain risk through the Onchain Risk Map and the Onchain Risk Report 2026. If your group handles DeFi responsibilities including allocations, underwriting, research, or risk, please save this update. You can read the full explanation on our blog 🧵
It is common for the DeFi industry to introduce unnecessary complexity at a rapid pace. Our Chief Operating Officer, @TokenData, outlines the reasons for this and suggests a different approach. He argues that maintaining focus is paramount, constraints should be viewed as strategic levers, and patience is essential when dealing with volatile markets. Read on for a look into the origins of Nexus Mutual and our upcoming plans for 2026.
It is now essential to have robust security plans in place, given the worrying spike in kidnappings that target families, executives, and investors in the crypto space. This necessity drove us to create Crypto Kidnap & Ransom Cover alongside our partners @InShareRisk, Samphire, and @_Merrill_Herzog.
The risk profile found onchain is materially different from what exists in traditional finance. This marks the first occasion that this territory has been fully mapped. We are excited to share the Onchain Risk Map & Report 2026 today from Nexus Mutual × @OpenCover.
If prioritizing risk management for digital assets is on your agenda, be sure to join the upcoming session hosted by @DAF_Global. Scheduled for tomorrow, this event features a distinguished lineup of speakers, including Hugh Karp @HughKarp from @NexusMutual and Simon Peters @snj_peters of @xerberus. You will also hear insights from Laeeq Shabbir representing @EYnews, Darren Jordan @KomainuCustody, and José Ángel Fernández Freire @ProsegurGlobal.
Nexus Mutual hit the ground running this January with a solid start to the year. In this monthly review, we highlight key product milestones and integrations. We also share the latest ecosystem updates, legal analysis, and insights into DeFi risk, along with a summary of events. Please find the link to the comprehensive January recap in the thread.
True risk sharing thrives on collaboration instead of competition.
Discover why DeFi requires authentic risk proficiency and learn how that capability is currently being established.
We explore why the philosophy of trust in code is insufficient on its own.
We also look at how combining clear onchain data with expert networks allows for effective risk management.
Finally, we review the strategy Nexus Mutual employs to develop this expertise.
🔗🔽
Discover why DeFi requires authentic risk proficiency and learn how that capability is currently being established.
We explore why the philosophy of trust in code is insufficient on its own.
We also look at how combining clear onchain data with expert networks allows for effective risk management.
Finally, we review the strategy Nexus Mutual employs to develop this expertise.
🔗🔽
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