Dialectic Purchases Over $22M Worth of Coverage
Aug 12, 2024
Dialectic, an industry leading DeFi fund, has purchased over $22 million worth of coverage from Nexus Mutual. This represents the largest transaction made on Nexus Mutual V2. Additionally, Dialectic is the first major adopter of our new product, Fund Portfolio Cover.
Coverage for Serious DeFi Investors
Founded by crypto-native veterans, Dialectic is an investment firm focused on DeFi and infrastructure. Whether it's investing in startups, established companies, or developing proprietary yield-generating strategies, Dialectic draws on its deep industry knowledge to stay ahead in the competitive DeFi market. Their USD-yielding fund, Chronograph, is market-neutral and compounds on stable assets. Moonphase, their ETH-yielding fund, leverages fully onchain protocols to outperform ETH staking.
Through Fund Portfolio Cover from Nexus Mutual, Dialectic purchased over $13.5 million of coverage for Moonphase and over $9 million for Chronograph to protect against losses caused by:
Smart contract hacks/exploits
Oracle manipulation or failure
Severe liquidation failures
Governance attacks
Protecting Yield Generating Strategies
"The cost-efficient Fund Portfolio Cover from market-leader Nexus Mutual allows us to provide an even more asymmetric risk-return profile in our yield-generating funds,” said Alessandro Buser, CTO at Dialectic. “Nexus Mutual is the only company we trust to issue a cover that fits the complexities of our operations."
“Dialectic is a leader in DeFi risk management and are some of the sharpest minds in the space,” said Hugh Karp, Founder at Nexus Mutual. “We’re thrilled to have developed a new product to serve their and other investors' needs and see Fund Portfolio Cover being an integral part of any DeFi fund.”
If you are an investor, VC, or fund manager who wants to learn more about how Fund Portfolio Cover can help protect your fund, please fill out this contact form and our team will be in touch with you.
About Nexus Mutual
Nexus Mutual is the largest and most-trusted crypto insurance alternative. Founded in 2017, Nexus Mutual has paid out over $18 million in claims while underwriting nearly $5 billion in assets. From individuals to institutions, Nexus Mutual helps keep people safe from the unique risks in crypto.
