Nexus Mutual
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Protocol TVL
Fees & Revenue
Chain Fees Distribution
Revenue Breakdown
About Nexus Mutual
Nexus Mutual offers decentralized cover against smart contract failure.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Nexus Mutual tokenomics and on-chain capital
Nexus Mutual's governance or utility token carries a market capitalisation of $108.9M based on circulating supply at the latest DeFiLlama snapshot. Token market cap ($108.9M) and TVL ($110.9M) trade close together, giving a mcap/TVL multiple of 0.98× — broadly the range market participants treat as "fair" for an established DeFi protocol.
Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Protocol Profile
Nexus Mutual is a Insurance protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Ethereum. No public audit reports are listed on DeFiLlama for this protocol.
TVL Distribution by Chain
Supported Chains
Protocol Footprint
Nexus Mutual is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Token market cap ($108.9M) and TVL ($110.9M) trade at a ratio of 0.98, in the range generally considered normal for an established DeFi protocol.
Official Resources & Links
Verified external resources for Nexus Mutual — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Insurance protocols on Mantapex
Nexus Mutual is one of 7 Insurance protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Easedefi.org, 3F Mutual, Unslashed, and 3 more. These peer protocols collectively secure $14.8M in deposits, giving you a frame of reference for whether Nexus Mutual's own TVL is at the top, middle, or tail of the category.
Treasury
Recent Nexus Mutual news
Latest reporting from major crypto news outlets covering Nexus Mutual.
- The Block
Nexus Mutual to provide insurance coverage for Babylon's Bitcoin staking layer
The coverage will offer individuals and institutions slashing protection, offering bitcoin stakers "greater peace of mind.”
- The Block
Nexus Mutual diversifies $27.3 million into Rocket ETH using CoW Swap
DeFi coverage protocol Nexus Mutual has swapped 14,390 ETH worth $27.3 million for Rocket Pool's rETH liquid staking token.
- Coindesk
Top DeFi Insurer Paid Millions to Euler Hack Victims. Now, Nexus Mutual Wants its Money Back
Nexus Mutual is one of the biggest insurance platforms for DeFi deposits. Some crypto holders who lost money to Euler filed claims, only to get their money back.
- Crypto Daily
Nexus Mutual Expects Significant Loss From Maple Credit Pool
Smart contract insurance platform Nexus Mutual has revealed that it expects to take a significant loss on its investment in a Maple Finance Credit Pool. It was also revealed that…
- Blockworks
Nexus Mutual Loses Millions in Maple Finance Credit Pool
Nexus Mutual may be short $10 million after borrowers failed to repay loans to M11's wETH pool
- Decrypt
Nexus Mutual Hit With $3M in Ethereum Exposure to Orthogonal Trading Default
Crypto insurance protocol Nexus Mutual is the latest firm to get hit with the knock-on effects of FTX's collapse last month.
- CryptoSlate
Nexus Mutual expects $3M loss from Orthogonal Trading's M11 loan default
Following Orthogonal Trading's M11 loan default, decentralized insurance protocol Nexus Mutual has moved to withdraw all its assets from Maple Finance, as it expects to take a…
- The Block
Nexus Mutual moves to divest, expects $3 million loss with Maple Finance
Nexus Mutual is exposed to Orthogonal's Trading default on Maple Finance for a $3 million loss and seeks to withdraw ETH reserves. The post Nexus Mutual moves to divest, expects…
Related protocols
Other DeFi protocols connected to Nexus Mutual by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
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Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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