Nexus MutualNXM#298

Nexus Mutual is a decentralized insurance protocol on Ethereum that lets you protect your smart contract exposure. The protocol covers losses from bugs or exploits in contract code across major DeFi platforms. When something goes wrong in the code itself—not from user error or lost keys—Nexus Mutual steps in to cover your financial losses. Keep in mind that coverage only applies to unintended contract failures. You won't be covered for private key loss, centralized exchange hacks, or misuse of the protocol. In December 2020, Nexus Mutual expanded to include custody coverage, protecting deposits held with custodians and lenders like Celsius, BlockFi, and Nexo. The protocol operates through a decentralized model, meaning token holders help assess claims and govern the system. If you're holding assets in DeFi contracts or custody services, you can evaluate coverage based on your actual risk exposure. Check the specific protocols and custodians covered in your use case before purchasing coverage.