DeFi Protocols
DeFi protocols are bringing the world of finance onchain, but those deposits are reliant on people feeling safe holding their capital outside the traditional system. With hacks and losses being a nearly constant presence in news headlines, investors have begun to pay attention to the risk behind the yield. Nexus Mutual works with many of the leading DeFi protocols on an ongoing basis, strucutring bespoke Native Protocol Cover to protect their entire userbases, or helping them get listed on Nexus so their users can manage risk individually.
Risks faced
As a protocol’s TVL grows, so does the risk.
Smart contract exploits
Oracle failure and manipulation feeding bad prices into markets
Governance takeover of the protocol
Liquidation failure that leaves bad debt
Native Protocol Cover lets a protocol cover its own code, so protection sits with the team rather than depending on each depositor individually. The other option is to make Protocol Cover available for the protocol, so depositors can manage their own risk. Anything that doesn’t fit a standard listing can be structured as Bespoke Cover.
Contact us to get your protocol listed
Subscribe to our newsletter
Be the first to know about our latest news, announcements and events!
