Purpose: Return the power of insurance to the people. Initially, provide cover for smart contract hack or bugs through purchases of Smart Contract Cover.
Current Stage: Approaching main-net launch. Entering security audits.
- Claims are voted on by members of the DAO (mutual)
- Risk of specific smart contracts is determined by staking.
- Upgrades to code, parameters or new products is voted on via a governance layer.
- Capital position of the mutual, or funding, is incentivized through a bonding curve.
Funding primarily, but also we've done some really interesting work on the legal side that we think others might be interested in. Linking a DAO to a legal entity in the UK - what we are calling a digital cooperative. Maybe there is some way to partner up, that makes sense for both of us?
Website: https://nexusmutual.io/
Whitepaper: https://nexusmutual.io/assets/docs/nmx_white_paperv2_3.pdf
Discord: https://discord.gg/DwtQuSD
Medium (Smart Contract Cover): https://medium.com/nexus-mutual/smart-contract-cover-55782407722c