Give peace of mind to your users. Gain trust.
Add a significant layer of protection with the leading provider of crypto cover.
Protect against losses
Because audits aren't enough to protect your users
Hacks happen
Survive a hack by ensuring you can provide timely reimbursement after a loss occurs
Boost user adoption
Protocol-wide protection gives your users confidence
Unrivaled protection that pays when you need it most.
Battle-tested and transparent claim assessment process.
Nexus Mutual is the leading provider of crypto protection. We've earned our members' trust by paying out more than $18M in claims when covered members have lost funds. Claim assessors review a claim’s validity and vote on the outcome, with decisions made within 3 to 6 days, after which time claim payments can be redeemed.
Hacks happen. Be prepared.
$80M
Total lost in hack
$5M
Total claims paid
3 days
Average payout time
TribeDAO, Rari Capital Fuse Market Hack
30 April 2022
A flaw in the Rari Capital code led to an $80m loss. People who protected their crypto with Protocol Cover received payouts just days after filing.
$6M+
Total lost in failure
$377K+
Total claims paid
Perpetual Protocol v1 economic loss event
May 2022
Extreme volatility caused major price deviations in Perpetual Protocol v1 markets and liquidation mechanisms failed, which created losses exceeding $5.7m due to economic design failure. Claims Assessors reviewed, approved, and paid all claims within days.
$130M+
Total lost in exploit
$397K+
Total claims paid
CREAM V1 Economic Exploit
27 October 2021
After CREAM Finance, a DeFi lending protocol, was hacked for $130m, Nexus Mutual members voted to approve and pay claims. Members who purchased CREAM Protocol Cover were made whole in a matter of days.
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Turn protection into your competitive advantage
Get covered. Enjoy all the benefits.
What’s actually covered with Native Protocol Cover?
The major risks that DeFi protocols face are vulnerabilities in the codebase or the external infrastructure such as oracle failure or price manipulation. Native Protocol Cover protects against these risks and more:
- A smart contract code bug or error resulting in the Designated Protocol being used in an unintended way
- A Sudden and Severe Economic Event, which includes oracle manipulation or failure, severe liquidation failures, or governance takeovers
See full Native Protocol Cover wording here.
How it works
Superior protection available for growing and established DeFi protocols
Turn protection into your competitive advantage
Request Now100
protocol listed
100
chains
4B
Cover underwritten
17M
Claims paid
FAQ’s
Is my protocol eligible for a listing?
We’re quite open minded as to which protocols we work with. Fill out the form and let’s see if we can work together!
What does listing cost?
Listing is free! You’ll be able to purchase cover once the listing is complete.
How do I buy protection?
Nexus Mutual is on Ethereum and all cover buys are made by a transaction from your wallet. It’s simple, quick and easy.
What’s this shiny new badge?
Our “protected by Nexus Mutual” badge exists for you to showcase your commitment to user safety and security to your users. We think it’s critical that users know what protections they are being offered when they use DeFi and this badge exists to give peace of mind to your users.