Nexus Mutual (@nexusmutual) • Hey

Industry leading on-chain protection. Nexus Mutual is the insurance alternative for crypto and more. Join us on Discord: https://discord.gg/nexusmutual S

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**NMPIP-209 Open for Voting** This NMPIP is open for voting in the Nexus Mutual UI until Saturday (18 November 2023) 11:50am UTC 🗳️ https://app.nexusmutual.io/governance/view?proposalId=209 This vote asks if members want to grant the Advisory Board the power to replace the Bonding Curve with the Ratcheting AMM (RAMM) and remove the Minimum Capital Requirement (MCR) Floor.
@lens/nexusmutual's last week in numbers 📊 🛡️ **$11.5m USD** worth of cover sold 💰 Members earned **$45.1k USD** in fees 🐢 Total active cover stands at **$44.8m** 📈 Increased **26%** from last week Top 5 product types in active cover ⬇️ 1 - Protocol Cover ($29.13m USD) 2 - Liquid Collective ETH Staking ($9.28m USD) 3 - Sherlock Quota Share ($3.83m USD) 4 - The Retail Mutual ($3.51m USD) 5 - Custody Cover ($2.57m USD) Top 5 staking pools underwriting active cover ⬇️ 1 - Staking Pool #5 - Unity Cover 2 - Staking Pool #3 - Ease AAA Low Risk Pool 3 - Staking Pool #1 - Nexus Foundation 4 - Staking Pool #11 - Sherlock 5 - Staking Pool #2 - Managed by Hugh Karp For more information, check out the entry in our Governance Forum ▶️ https://forum.nexusmutual.io/t/2023-11-week-1-the-last-week-in-review-6-12-november-2023/1308
**Quarterly Insights Report | Q3 2023** In Q3 2023, Nexus Mutual members made significant progress on underwriting initiatives, while earning ~ $440k in cover fees and $1.05m in investment earnings. NXM stakers underwriting cover earned 2,000 NXM rewards. 🌍 Through the Mutual's partnership with InShare SMART Risk, members are underwriting cover for more than 5,000 independent businesses in the UK. 🏗️ @lens/opencover is building on top of the Nexus Mutual protocol, allowing anyone to purchase Protocol Cover on @lens/base and Optimism. 💧 Unity Cover's Slashing Coverage Program with Liquid Collective continues to give their ETH stakers peace of mind and protection against major slashing risks, as coverage scales with their explosive growth. **Check out the full Q3 Insights Report—brought to you by the DAO Community team—on the governance forum for more details** ⤵️ https://forum.nexusmutual.io/t/third-quarter-q3-2023-insights-nexus-mutual-dao/1304
We're proud to announce Nexus Mutual's strategic partnership with InShare, a specialist in alternative risk transfer and mutuals. InShare, acting as a representative for a membership organization of independent retail businesses, is working with Nexus Mutual to expand capacity and cover more than 5,000 small independent business owners in the UK. InShare purchased excess of loss and aggregate stop loss cover, which allows their client to pass risk onto Nexus Mutual's $274M capital pool. Through our groundbreaking collaboration with InShare, Nexus Mutual is the first to use on-chain capital to cover excess losses for a traditional discretionary mutual. By working with Nexus Mutual, InShare can protect more independent businesses throughout the UK and offset small business risk such as fire, theft and accidental damage. To learn more, read the full announcement 👇 https://nexusmutual.io/blog/nexus-mutual-expands-cover-capacity-in-the-uk-with-on-chain-capital
Nexus Mutual has partnered with Figment to offer their customers access to superior protection against double-sign slashing risks 🛡️ With ETH Slashing Cover, Figment customers can protect up to 1 ETH per validator against double-sign slashing penalties. Many customers want the option to secure their staked ETH with an extra layer of protection—that's why Figment worked with Nexus Mutual to offer ETH Slashing Cover to their customers. Read The Block's recent article to learn more 👇 https://www.theblock.co/post/239343/figment-nexus-mutual-ethereum-slashing-cover
📰 **The Hedge | 13 July 2023** 📰 The new issue of The Hedge is here 🙌 Weekly updates from the Nexus Mutual DAO, written and distributed by the DAO Community team 📬 🤝 Announcing the Figment ETH Slashing Cover Partnership 🗳️ Capital pool investment NMPIPs: Open for voting on chain 🗳️ Protocol Cover wording update NMPIP: Open for voting on chain 🗳️ Nexus Mutual DAO Proposal: Open for voting on Snapshot 🗨️ Update from the Foundation team 💬 Recently in Nexus Mutual governance 📈 Last week in cover buys Read the latest issue 👇 https://nexusmutual.substack.com/p/the-hedge-13-july-2023
Nexus Mutual Community Call | 11 July 2023 Nexus Mutual's community call is held every two weeks in the Nexus Mutual Discord (https://t.co/Z5vWv4tWTG) at 9am EST / 1pm UTC. The next community call will be held on 25 July. On this week's community call, we provide updates from the DAO Community team and the Foundation, as well as our regular weekly updates. ⮞ Moss from the Avantgarde team talks about NMPIP 196: Restart Enzyme vault & start staking through Kiln (6,624 WETH): https://app.nexusmutual.io/governance/view?proposalId=196 ⮞ Maverick from the Rocket Pool community talks about NMPIP 197: Allocate 14,400 ETH to Rocket Pool Protocol rETH: https://app.nexusmutual.io/governance/view?proposalId=197 ⮞ BraveNewDeFi from the Nexus Mutual DAO talks about NMPIP 198: Update Protocol Cover wording: https://app.nexusmutual.io/governance/view?proposalId=198 ⮞ NMDP #1: Q3 & Q4 2023 | DAO Team Budget Request ($263,550): https://snapshot.org/#/community.nexusmutual.eth/proposal/0x43a9980fc907b9dd326d85df7893f42ca4632b2603ec4502afaf5708d3bfd705 ⮞ Update from Community team on forum overhaul project ⮞ Weekly update from the Foundation ⮞ Last week in cover sales ⮞ Open forum Join us for our bi-weekly community calls, subscribe to our newsletter on Substack, and follow us on Twitter and Lens to stay up to date on all things Nexus Mutual. Our next community call will take place on Tuesday (25 July). ➲ Nexus Mutual website: https://nexusmutual.io/ ➲ Nexus Mutual DAO website: https://nexusmutualdao.io/ ➲ Nexus Mutual Newsletter: https://nexusmutual.substack.com/ ➲ Nexus Mutual Twitter: https://twitter.com/NexusMutual ➲ Nexus Mutual Lens: https://lenster.xyz/posts/0x01a9c6-0x01 ➲ Nexus Mutual Dune Dashboards: https://dune.com/nexus_mutual
Nexus Mutual DAO Community team provides an update on the forum overhaul project BraveNewDeFi from the DAO Community team talks about the forum overhaul project now that it's complete: https://forum.nexusmutual.io/
Rocket Pool community presents NMPIP 197: Allocate 14,400 ETH to Rocket Pool Protocol rETH Maverick from the Rocket Pool community talks about the proposal to allocate 14,400 ETH from the Nexus Mutual capital pool to stake with Rocket Pool. Nexus Mutual governance forum proposal: https://forum.nexusmutual.io/t/nmpip-197-allocate-14-400-eth-to-rocket-pool-protocol-reth/1173 NMPIP on-chain governance vote: https://app.nexusmutual.io/governance/view?proposalId=197
Avantgarde team presents NMPIP 196: Restart Enzyme vault & start staking through Kiln (6,624 WETH) Moss from the Avantgarde team talks about the proposal to allocate 6,624 WETH from the Nexus Mutual Enzyme vault to ETH staking through Kiln. Nexus Mutual governance forum proposal: https://forum.nexusmutual.io/t/nmpip-196-restart-enzyme-vault-start-staking-through-kiln-6-624-weth/1174 NMPIP on-chain governance vote: https://app.nexusmutual.io/governance/view?proposalId=196
🛡️ NEW COVER LISTED 🛡️ **🦋 @morpho-labs.lens is now live on OpenCover** Protect your Morpho positions with @nexusmutual.lens without paying any L1 fees! We just made over $500k of Morpho cover capacity available on Layer 2 to save you $60+ in L1 fees and streamline cover management 🚀 To celebrate, we're giving out one month of free Morpho cover today 👉 http://opencover.com/morpho (up to $100,000 in protection).
🚨 Tired of DeFi hacks? So are we. We're making $250+ million of underwriting capital from @nexusmutual.lens available on L2 to help folks get covered affordably. Join the waitlist for priority access 👉 https://pro-secure.typeform.com/oc-early-access Don't want to wait? 👇 https://opencover.com/discord
🛡️ New Listing | @aaveaave.lens 🛡️ Aave V3 is now listed on Nexus Mutual! Enjoy peace of mind when you protect your crypto deposits on Aave V3 with Protocol Cover 😀 Explore the Aave V3 listing 👇 https://app.nexusmutual.io/cover/buy/get-quote?productId=98 Aave V3 Protocol Cover protects against the following risks on any EVM-compatible network: ✅ Code being used in an unintended way (e.g., exploits, hacks) ✅ Severe oracle failure ✅ Economic design failure ✅ Governance attacks Learn more 🧐 https://forum.nexusmutual.io/t/aave-v3-now-listed-in-the-nexus-mutual-ui/1149
Nexus Mutual DAO | Marketing team update Claudio, Head of Marketing with the Nexus Mutual DAO, introduced himself to the community, shared his professional background, and spoke about his work to drive growth through collaborative marketing efforts with the other teams contributing to the protocol. Claudio highlighted the role of marketing as a tool for growth; how our rebrand is helping to position the mutual as the market leader with ample room for growth through the risk marketplace; the resources he's using to expand brand awareness and drive cover sales; and his approach to content marketing with compelling visuals.
Nexus Mutual DAO | Operations team update Kayleigh, Head of Operations with the Nexus Mutual DAO, provides an update on the new Nexus Mutual DAO website, where anyone can learn about the mutual, our mission and values, the teams contributing to the protocol and DAO, the claims and governance process, and how to get involved within the DAO. Review the DAO website to learn more about our community and mission: https://nexusmutualdao.io/
Nexus Mutual Community Call | 20 June 2023 Nexus Mutual's community call is held every two weeks in the Nexus Mutual Discord (https://t.co/Z5vWv4tWTG) at 9am EST / 1pm UTC. The next community call will be held on 11 July. On this week's community call, we provide updates from the DAO Operations team, the DAO Marketing team, the Foundation, and our regular weekly updates. ⮞ DAO Operations update on the https://nexusmutualdao.io/ website ⮞ BraveNewDeFi's overview of important recent governance proposals: https://forum.nexusmutual.io/ ⮞ DAO Marketing team update ⮞ Weekly update from the Foundation ⮞ Last week in cover sales ⮞ Governance discussions on the forum https://forum.nexusmutual.io/ ⮞ Open forum Join us for our bi-weekly community calls, subscribe to our newsletter on Substack, and follow us on Twitter and Lens to stay up to date on all things Nexus Mutual. Our next community call will take place on Tuesday (11 July). ➲ Nexus Mutual website: https://nexusmutual.io/ ➲ Nexus Mutual DAO website: https://nexusmutualdao.io/ ➲ Nexus Mutual Newsletter: https://nexusmutual.substack.com/ ➲ Nexus Mutual Lens: https://lenster.xyz/posts/0x01a9c6-0x01 ➲ Nexus Mutual Twitter: https://twitter.com/NexusMutual ➲ Nexus Mutual Dune Dashboards: https://dune.com/nexus_mutual
Nexus Mutual | DAO Community Update BraveNewDeFi, Head of Community, shares an update about the governance forum overhaul and the launch of the Nexus Mutual notifications bot in the Nexus Mutual Discord server: https://discord.com/invite/xxFaAEn
Nexus Mutual | DAO Operations Update Kayleigh, Head of the Operations team, gives an update on the Nexus Mutual Roadmap, which outlines the key objectives and priorities for the DAO and Foundations teams who contribute to the Nexus Mutual protocol.
📰 **The Hedge | 1 June 2023** 📰 The new issue of The Hedge is here! Weekly updates from the Nexus Mutual DAO, written and distributed by the DAO Community team 📬 🛡️ NXM Staking 101 🎙️ Preliminary agenda for Tuesday's community call 💬 Governance forum discussions: tokenomics update, new staking pools posts, investment discussions, cover product discussions, and more 📈 Last week in cover sales ⚙️ Active cover by cover type and staking pool Read the latest issue 👇 https://nexusmutual.substack.com/p/the-hedge-1-june-2023?sd=pf
📣 Product Update We are excited to announce that we’ve teamed up with @stonepeak.lens to help democratize #DeFi cover and that our first @nexusmutual.lens v2 staking #pool is now live 🚀 Here’s what the first DeFiSafety x OpenCover does: The Blue Chip Protocol Pool is a low-risk volume-focused staking pool comprising only the most rigorously tested DeFi protocols, priced to encourage wider adoption. Keep an eye on this space 👀
"Both retail users and institutions require safety nets like they enjoy in #TradFi to be comfortable participating in on-chain markets. This is a huge opportunity for the wider #DeFi #cover space." @nexusmutual.lens More insights in our report 👇 https://opencover.com/state-of-crypto-and-defi-insurance-alternatives-cover/
The latest issue of **The Hedge** is here 🗞️ Weekly updates from the Nexus Mutual DAO, written and distributed by the DAO Community team 📬 In this week's issue, we share the latest on: 💸 Euler Finance claim summary | $2.39m paid for Euler Protocol Cover, nullm paid for Sherlock Excess Cover 🛡️ Kroll emails & FTX claims filing 🟠 Capital Pool and Ownership Dune Dashboard is live! 💬 Active governance discussions on the forum Read all about these updates and more in this week's issue of **The Hedge 👇** **https://nexusmutual.substack.com/p/the-hedge-6-april-2023**
Nexus Mutual V2 is live on Ethereum mainnnet 🥳 "Businesses can now build on top of the Nexus Mutual protocol to share any risk–not just crypto-related risks. To me, this is what DeFi is all about–providing access to those who truly need it." - Hugh Karp
🚨 Euler Finance Claims Filing 🚨 Today, Euler Finance suffered an exploit for $197m at 8:50am UTC. The DAO Community team has put together a resource for any Euler Protocol Cover holders who plan to file a claim once the 72-hour cool down period passes. How to prepare: https://nexusmutual.io/blog/how-euler-finance-protocol-cover-holders-can-prepare-for-claims-filing **72-hour cool down period** This window gives claims assessors enough time to review analysis of the loss event and discuss. Members who held active cover at the time the exploit occurred will be able to file a claim starting on Thursday (16 March) at 8:50am UTC. **Claims support** If you have any questions about the upcoming Euler Finance claims filing, please reach out in the Euler Finance Claims Support in the Nexus Mutual Discord: https://discord.com/channels/496296560624140298/1084920891370119168/1084920891370119168
Later today, the Nexus Mutual user interface (UI) will be unavailable as the engineering team works to upgrade the UI. Members will be able to access the UI after the Nexus Mutual V2 launch is complete. To learn more, see our update: https://nexusmutual.io/blog/scheduled-downtime-for-remaining-nexus-mutual-v2-upgrades
📰 **The Hedge | 2 March 2023** 📰 The sixth issue of The Hedge has been published by the DAO Community team 📬 In this issue, the Community team shares updates on: 🚀 Status of the Nexus Mutual V2 upgrades 📈 M11 Credit Auros loan update 🦬 @bravenewdefi.lens at ETH Denver 💬 Next steps for tokenomics proposal 💬 Governance discussions And more! Read the full issue and subscribe for all the latest updates: https://nexusmutual.substack.com/p/the-hedge-2-march-2023
📰 **The Hedge | 23 February 2023** 📰 The fifth issue of **The Hedge** has been released! Weekly updates from the Nexus Mutual DAO, written and distributed by the DAO Community team 📬 In the fifth issue, we share updates on: ⌛️ Timeline for remaining Nexus Mutual V2 upgrades ⏸️ Pausing claims filing during Nexus Mutual V2 upgrades 👀 Blockworks' coverage of FTX & BlockFi payouts 🗳️ Tokenomics signaling vote results 🛬 Nexus Mutual at ETH Denver 💬 Governance forum discussions And more! https://nexusmutual.substack.com/p/the-hedge-23-february-2023
Nexus Mutual Community Call | 21 February 2023 Nexus Mutual's community call is held every two weeks in the Nexus Mutual Discord (https://t.co/Z5vWv4tWTG) at 9am EST / 2pm UTC. The next community call will be held on 7 March. On this week's community call, we provide an overview of FTX & BlockFi claim payouts, the final Nexus Mutual V2 upgrades, the tokenomics Snapshot signaling vote, and our regular weekly updates. ⮞ FTX & BlockFi claim payouts ⮞ Nexus Mutual V2 contract deployment, UI updates ⮞ Tokenomics Snapshot signaling vote ⮞ Weekly update from the Foundation ⮞ Last week in cover sales ⮞ Active coverage by cover type ⮞ Nexus Mutual is on Lens! ⮞ M11 Credit update on Auros loans ⮞ Nexus Mutual @ ETH Denver ⮞ Governance discussions on the forum https://forum.nexusmutual.io/ ⮞ Open forum Join us for our bi-weekly community calls, subscribe to our newsletter on Substack, and follow us on Twitter and Lens to stay up to date on all things Nexus Mutual. Our next community call will take place on Tuesday (7 March). ➲ Nexus Mutual website: https://nexusmutual.io/ ➲ Nexus Mutual Newsletter: https://nexusmutual.substack.com/ ➲ Nexus Mutual Twitter: https://twitter.com/NexusMutual ➲ Nexus Mutual Lens: https://lenster.xyz/posts/0x01a9c6-0x01 ➲ Nexus Mutual Dune Dashboard: https://dune.com/rchen8/nexus-mutual
**📰 The Hedge | 16 February 2023 📰** The fourth issue of The Hedge has been released! Weekly updates from the Nexus Mutual DAO, written and distributed by the DAO Community team 📬 In the fourth issue, we share updates on: 💸 FTX & BlockFi claim payouts 🚀 Stages 2 & 3 of Nexus Mutual V2 rollout 📂 Gemini Earn claims filing 🗳️ The tokenomics signalling vote 🥞 M11 Credit update on Auros recovery And more! https://nexusmutual.substack.com/p/the-hedge-16-february-2023
Since claims filing opened last week, members have paid: 💸 Over $3.8m across 18 #FTX & #BlockFi claims While the FTX and BlockFi bankruptcies move forward, people who had crypto assets on these centralized platforms must wait and see how much they'll be able to recover. Relief from both bankruptcy proceedings could take years. People who had Custody Cover were able to file a claim with proof of loss and receive their payment in a matter of days. To quote a member whose claim was approved: "Buying coverage from Nexus Mutual was the most impactful decision I've made in my life." Including the FTX & BlockFi claim payments, members have now paid over **$13m** to people affected by smart contract failures and halted withdrawals on centralized exchanges. Review total claims paid and other KPIs on the Richard Chen's Nexus Mutual Dune Dashboard: https://dune.com/rchen8/nexus-mutual
The latest issue of **The Hedge** has been released! Weekly updates from the Nexus Mutual DAO, written and distributed by the DAO Community team 📫 In this week's issue, the Community team shares updates on: 🚀 The first stage of the Nexus Mutual V2 rollout 📂 #FTX and #BlockFi claims filing 🗞️ The status of active FTX claims 💸 $707,851 has been paid 🗳️ $4,091,393 in claims pending, w/ quorum met to accept and pay 🧙‍♂️ Richard Chen's Nexus Mutual Dune Dashboard 💬 Governance forum discussions And more! Read this week's issue: https://nexusmutual.substack.com/p/the-hedge-10-february-2023?sd=pf
Nexus Mutual Community Call | 7 February 2023 Nexus Mutual's community call is held every two weeks in the Nexus Mutual Discord (https://t.co/Z5vWv4tWTG) at 9am EST / 2pm UTC. The next community call will be held on 21 February. On this week's community call, we provide an overview of the first Nexus Mutual V2 upgrade, FTX International claims, upcoming claim events, and our regular weekly updates. ⮞ Nexus Mutual V2 | Stage 1 upgrade completed! https://lenster.xyz/posts/0x01a9c6-0x06 ⮞ FTX International claims overview ⮞ How to prepare for FTX US, BlockFi, and Gemini Earn claims filing ⮞ Weekly update from the Foundation ⮞ Last week in cover sales ⮞ Active coverage by cover type ⮞ Nexus Mutual is on Lens! https://lenster.xyz/posts/0x01a9c6-0x01 ⮞ Governance discussions on the forum https://forum.nexusmutual.io/ ⮞ Ease risk rubric ⮞ Open forum Join us for our bi-weekly community calls, subscribe to our newsletter on Substack, and follow us on Twitter and Lens to stay up to date on all things Nexus Mutual. Our next community call will take place on Tuesday (21 February). ➲ Nexus Mutual website: https://nexusmutual.io/ ➲ Nexus Mutual Newsletter: https://nexusmutual.substack.com/ ➲ Nexus Mutual Lens: https://lenster.xyz/u/nexusmutual ➲ Nexus Mutual Dune Dashboard: https://dune.com/rchen8/nexus-mutual
The first #FTX claim has been approved and paid 💸 Someone who lost 69,334 DAI when FTX collapsed has now been made whole 🥳 Keep an eye out for #FTX claim payments this week and next!
🚨 **BlockFi Claims Filing** 🚨 In 8 hours, #BlockFi claims filing will begin. Claims filing opens: ⏰ After 1:16am UTC 🗓️ Thursday (9 February) Planning to file a claim? Everything you need to know 👇 **Resources** This issue of The Hedge has all the resources you'll need to prepare for claims filing: https://nexusmutual.substack.com/p/the-hedge-2-february-2023 📂 BlockFi claims filing guide 🔎 Verifying ownership of your custodial account 🧮 Calculating losses for claims **Partial Claims** Partial claims functionality is available! You can calculate your actual loss using the prices included in the #BlockFi Halted Withdrawals spreadsheet: https://docs.google.com/spreadsheets/d/1U6cGApDL_crY5RJBa3PUOTMAa17acmWBpYk5ZOPpOls/edit?usp=sharing If your actual loss is less than your total covered amount, you should file a partial claim. For partial claims, you will simply enter the amount you are filing a claim for in the Nexus Mutual user interface. **Claims Assessment Process** Once you have filed your claim, claims assessors will review, discuss, and vote on the validity of your claim. That process is outlined in the #BlockFi claims filing guide: https://nexusmutual.io/blog/how-blockfi-and-gemini-custody-cover-holders-can-prepare-for-claims-filing **Claims Filing Support** If you have any questions about the process or need support, please join us in the Nexus Mutual Discord and ask for help in the **BlockFi Claims Support** channel: https://discord.com/channels/496296560624140298/1070000372011253872/1070000372011253872 As claims are filed, the DAO Community team will make announcements across Discord, Twitter, and Lens to encourage members to review each claim.
#FTX International claims are still flowing in! **To date, @nexusmutual.lens members have:** 📂 Filed 14 claims 🗳️ For an aggregate value of $4.9m+ 😎 With 7 votes at or near quorum, leading outcome to approve Pretty soon, we'll have to change total claims paid from $9.3m to $14.2m 🔥 🎯 Later today, #BlockFi claims filing opens 🎯 Tomorrow, #FTX US claims filing opens Good chance the updated total claims paid is even higher next week
**FTX International Claims Update** To date, nine (9) claims have been filed for more than $2.48m 🛡️ Members are discussing active claims in Discord and reviewing the validity of each claim in the Nexus Mutual user interface. Here's an overview of the current FTX International claims. 🚨 **Claim 156** 🚨 🛡️ Covered amount: 140,000 DAI 🗳️ Claim amount: 140,000 DAI 🔎 Review in the Nexus Mutual UI: https://app.nexusmutual.io/claim-assessment/view-claim?claimId=156 🚨 **Claim 157** 🚨 🛡️ Covered amount: 1,150,000 DAI 🗳️ Claim amount: 1,150,000 DAI 🔎 Review in the Nexus Mutual UI: https://app.nexusmutual.io/claim-assessment/view-claim?claimId=157 🚨 **Claim 158** 🚨 🛡️ Covered amount: 20 ETH 🗳️ Claim amount: 20 ETH 🔎 Review in the Nexus Mutual UI: https://app.nexusmutual.io/claim-assessment/view-claim?claimId=158 🚨 **Claim 159** 🚨 🛡️ Covered amount: 100,000 DAI 🗳️ Claim amount: 69,334 DAI 🔎 Review in the Nexus Mutual UI: https://app.nexusmutual.io/claim-assessment/view-claim?claimId=159 🚨 **Claim 160** 🚨 🛡️ Covered amount: 1,000,000 DAI 🗳️ Claim amount: 240,003 DAI 🔎 Review in the Nexus Mutual UI: https://app.nexusmutual.io/claim-assessment/view-claim?claimId=160 🚨 **Claim 161** 🚨 🛡️ Covered amount: 200 ETH 🗳️ Claim amount: 200 ETH 🔎 Review in the Nexus Mutual UI: https://app.nexusmutual.io/claim-assessment/view-claim?claimId=161 🚨 **Claim 162** 🚨 🛡️ Covered amount: 75,000 DAI 🗳️ Claim amount: 63,095 DAI 🔎 Review in the Nexus Mutual UI: https://app.nexusmutual.io/claim-assessment/view-claim?claimId=162 🚨 **Claim 163** 🚨 🛡️ Covered amount: 799,840 DAI 🗳️ Claim amount: 413,000 DAI 🔎 Review in the Nexus Mutual UI: https://app.nexusmutual.io/claim-assessment/view-claim?claimId=163 🚨 **Claim 164** 🚨 🛡️ Covered amount: 50,000 DAI 🗳️ Claim amount: 50,000 DAI 🔎 Review in the Nexus Mutual UI: https://app.nexusmutual.io/claim-assessment/view-claim?claimId=164 You can learn about the claims process and get involved! 💬Join the discussion in the Nexus Mutual Discord: discord.gg/xxFaAEn As more FTX International claims are filed over the next several days, we'll keep you updated with claims summaries.
**Stage 1 of the Nexus Mutual V2 upgrade has shipped** 🚀 Thank you to the Engineering team for all their hard work🧑‍💻 This stage adds partial claims functionality—just in time for the FTX, BlockFi, and Gemini Earn claim events 🛡️ **Timeline on V2 Upgrades** The last two stages will be completed after the claim filing events take place over the next two weeks. ✅ Stage 1: Partial Claims ⏭️ Stage 2: Finish the remaining protocol upgrades ⏭️ Stage 3: Implement updated V2 UI Stages 1 & 2 of the V2 upgrade will change: 🚀 Cover 🚀 Pricing & capacity 🚀 Staking & staking pools 🚀 Claims assessment You can read the overview in the excerpt from the V2 docs: https://docs.google.com/document/d/1_V-WYsyf6iTLcDAouxmlCNyY9GW8ieeETk7t49Vgp8s/edit?usp=sharing February is going to be a big month packed with updates and upgrades 💪 Stay tuned for further announcements 👀
🚨 FTX International Claims Filing 🚨 Later today, FTX International claims filing will begin. Claims filing opens: ⏰ After 10:54pm UTC 🗓️ Monday (6 February) Planning to file a claim? Here's everything you need to know 👇 **Resources** The latest issue of The Hedge has all the resources you will need to prepare for claims filing: https://nexusmutual.substack.com/p/the-hedge-2-february-2023 📂 FTX claims guide 🔎 Verifying ownership of your custodial account 🧮 Calculating losses for claims **Partial Claims** Partial claims functionality is available! You can calculate your actual loss using the prices included in the **FTX Halted Withdrawals** spreadsheet: https://docs.google.com/spreadsheets/d/1DvBE95LUuOY5B4pJZoXG8SbXUIWvYsXaYkk70DHAh6E/edit?usp=sharing If your actual loss is less than your total covered amount, you should file for a partial claim. For partial claims, you will simply enter the amount you are filing a claim for in the Nexus Mutual user interface. **Claims Assessment Process** Once you have filed your claim, claims assessors will review, discuss, and vote on the validity of your claim. That process is outlined in the FTX claims filing guide: https://nexusmutual.io/blog/how-ftx-custody-cover-holders-can-prepare-for-claims-filing **Claims Filing Support** If you have any questions about the process or need support, please join us in the Nexus Mutual Discord and ask for help in the **FTX Claims Support channel**: https://discord.com/channels/496296560624140298/1067187197435969617/1067187197435969617 As claims are filed, the DAO Community team will make announcements across Discord, Twitter, and Lens to encourage members to review each claim.
The latest issue of **The Hedge** has been released 📬 In the second issue of The Hedge, the Community team shares updates on: ✅ Proposal 181: Approve Nexus Mutual V2 launch in stages ✅ FTX, BlockFi, and Gemini Earn claims filing ✅ Current FTX, BlockFi, and Gemini Earn liabilities ✅ Nexus Mutual on Lens 🌿 ✅ Governance updates ➡️ DAO Proposal: Q1 & Q2 2023 DAO teams budget request ➡️ Tokenomics Proposal: Replacing the Bonding Curve ➡️ wNXM buyback discussion ➡️ DAO Investment team discussions ➡️ The Ease Risk Rubric for their Nexus Mutual V2 staking pool Catch up on the weekly updates from the Nexus Mutual DAO, written and distributed by the DAO Community team: https://nexusmutual.substack.com/p/the-hedge-2-february-2023
I'm excited to see @nexusmutual.lens Proposal 181 gain support from the members who have voted so far: https://app.nexusmutual.io/governance/view?proposalId=181 Proposal 181 is on-chain and open for voting between: 📭 30 January @ 9:58am UTC 📫 2 February @ 9:58am UTC **This is massive decision for Nexus Mutual members, as it would grant the Advisory Board the ability to upgrade the smart contracts from V1 to V2 in stages.** If approved, the upgrade would be completed in the following stages: 1) Implement partial claims ahead of claims filing in early February 2) Finish the remaining protocol upgrades 3) Implement updated V2 UI There's a break in between stages 1 and 2 to allow members to file FTX, BlockFi, and Gemini Earn claims. With the V2 upgrade, the following modules/features would be changed: ➡️ Cover ➡️ Pricing & capacity ➡️ Staking & staking pools ➡️ Claims assessment You can read the overview in the excerpt from the V2 docs: https://docs.google.com/document/d/1_V-WYsyf6iTLcDAouxmlCNyY9GW8ieeETk7t49Vgp8s/edit If members approve this vote, the new upgrade will bring a variety of new features: 🎉 Flexible cover 🎉 Strengthened claims process 🎉 Dynamic on-chain pricing 🎉 Improved risk controls 🎉 Ability to build on top of the protocol 🎉 Fairer NXM rewards distribution And more 🤯 I strongly support Proposal 181 💪 If you're a member, please be sure to vote before the vote closes on 2 February 🗳️
🚨 BlockFi & Gemini Earn claims filing 🚨 Ahead of claims filing in February, we've put together a resource for any BlockFi or Gemini Custody Cover holders who plan to file a claim. You will be able to file claims starting on: ▶️ **Thursday, 9 February 2023 at 1:16am UTC for BlockFi** ▶️ **Tuesday, 14 February 2023 at 1:32pm UTC for Gemini Earn** See the claims filing guide for more information: https://nexusmutual.io/blog/how-blockfi-and-gemini-custody-cover-holders-can-prepare-for-claims-filing
Nexus Mutual is now on @lensprotocol! We're excited to share updates with our community on the premier decentralized social protocol 🎉 If you're not familiar with Nexus Mutual, we're a decentralized discretionary mutual where anyone can join and share risk with others. Nexus Mutual is the industry-leading insurance alternative for crypto and more 🛡️ Learn more: https://nexusmutual.io/