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| Nexus Mutual 
| #NXM
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| NXM Price: | $70.88 | | Volume: | — | | All Time High: | $186 | | Market Cap: | — |
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| Circulating Supply: | 6,654,225 |
| Exchanges: | —
| | Total Supply: | 6,654,225 |
| Markets: | —
| | Max Supply: | — |
| Pairs: | 12
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The last known price of #NXM is $70.88 USD.
 Please note that the price of #NXM was last updated over 720 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #NXM statistics should be considered as 'last known value'.
The lowest NXM price for this period was $0, the highest was $70.88, and the exact last price of NXM was $70.88027.
The all-time high NXM coin price was $186.
Use our custom price calculator to see the hypothetical price of NXM with market cap of BTC or other crypto coins. |
The code for Nexus Mutual crypto currency is #NXM.
Nexus Mutual is 2.1 years old. |
The current market capitalization for Nexus Mutual is not available at this time.
Nexus Mutual is ranking downwards to #10468 out of all coins, by market cap (and other factors). |
| There is an unknown volume of trading today on #NXM. |
The circulating supply of NXM is 6,654,225 coins, which is 100% of the total coin supply.
A highlight of Nexus Mutual is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market. |
Following the launch of our new brand and website, our blog is moving home.
nexusmutual.io/blog Following the launch of our new brand and website, our blog is moving home. For more content about Nexus Mutual, industry risk, building a DAO and more; follow along at nexusmutual.io/blog. Following the launch of our new brand and website, our blog is moving home. was originally published in Nexus Mutual on Medium, where people are continuing the conversation by highlighting and responding to this story.
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How FTX Custody Cover holders can prepare for claims filing
In November 2022, FTX Trading Ltd. filed for bankruptcy and halted withdrawals on both the FTX International and FTX US centralized exchanges. Each exchange halted withdrawals at different times. Custody Cover Custody Cover protects against a loss of funds for crypto assets that are held in a custodial account. Once FTX International and FTX US announced that they were halting withdrawals, the 90-day provision in Section 1.2 took effect — members who held active cover when withdrawals were first halted have to wait for 90 days to pass before claims can be filed.Section 1.2 in Nexus Mutual’s Custody Cover wording v1.0 You can read the full Custody Cover wording for more information. Claims filing You will be able to file FTX claims starting on: 6 February 2023 at 10:54 PM UTC for FTX International claims, 9 February 2023 at 5:00 PM UTC for FTX US claims, You can check the FTX Halted Withdrawals list to see if your cover was active at the time withdrawals were halted. If your FTX Custody Cover is one of those listed as eligible for claims filing, then you’ll be able to file a claim. When you are able to file your claim, you can head to the Nexus Mutual user interface and begin the process. If you have any issues, you can head to the Nexus Mutual Discord, create a post in the DAO forums channel with the Claims tag, and start a conversation. Verifying custodial account ownership You will need to verify that you ow... 
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Verifying custodial account ownership ahead of claims filing in February
If you held active Custody Cover for any of the custodians below at the time withdrawals were halted and plan to file a claim in February, you will need to verify that you own the account associated with your upcoming claim. FTX International | Claims filing starts on Monday, 6 February 2023 at at 10:54pm UTC, BlockFi | Claims filing starts on Thursday, 9 February 2023 at 1:16am UTC, FTX US | Claims filing starts on Thursday, 9 February 2023 at 5:00pm UTC, Gemini Earn | Claims filing starts on Tuesday, 14 February 2023 at 1:32pm UTC, — Verifying ownership. — The verification process will be conducted off-chain: you will send your uncensored account statements and any other supporting evidence (e.g., support emails with your name, withdrawal requests confirmed by email, etc.) or, if you’re filing a claim for FTX International or FTX US and need to confirm proof of loss evidence, the correspondence you receive from Kroll to claims@nexusmutual.io. This information will not be made public and will be used only to compare that the owner of the custodial account is the same individual/entity that is KYC’d as a Nexus Mutual member. Once this has been completed, the Account Ownership Verified column in the Google Sheet that tracks claims for each event will be updated to a Yes for verified accounts. Since the first claims filing event will start in three weeks, we wanted to give all members ample time to verify ...
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FTX claims: verifying loss amounts ahead of claims filing on 6 February 2023
After FTX International and FTX US halted withdrawals in November 2022, the respective websites were taken offline within one week due to security issues. Unfortunately, this also meant that those with custodial accounts could not download their account statements or transaction history. With FTX International and FTX US claims filing approaching in February, I wanted to provide those members who held active FTX cover but who were unable to download their proof of loss documents with a way to verify their account holdings. — Contact Kroll Restructuring Administration LLC to verify account, loss amount. — Members who did not previously download their account statements or take screenshots of their account balance can contact Kroll Restructuring Administration LLC through their Contact Us page. This company is managing the FTX Trading Ltd. case. When you access the FTX website, you are redirected to their page. In your request, you should ask for: Confirmation that you had an account with either FTX International or FTX US; and, A record of the value of the assets (or what assets were) held in your account when withdrawals were halted., It’s recommended that you contract Kroll as soon as possible if you were affected but do not have any proof of loss documentation. The Wassie Lawyer Twitter account has a website where they have listed out a FAQ page for those affected by the FTX bankruptcy. On this site, Wass...
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Update on Nexus Mutual’s Exposure to M11 Credit’s wETH Lending Pool on Maple Finance
We were notified by M11 Credit and Maple Finance of issues with specific loans in the M11 Credit wETH lending pool. Nexus Mutual took swift action to initiate the 10-day waiting period to withdraw all available funds from the M11 Credit pool on Maple, following a default by Orthogonal Trading and allegations that they misrepresented their financial position to M11 Credit. This development does not impact Nexus Mutual’s day-to-day operations or the ability to pay claims. Expected losses represent an estimated 1.5% — 2.6% of the mutual’s assets. — Updates on Auros and Orthogonal Trading - We were made aware of Auros’ short-term liquidity issues that impacted their ability to make repayments. M11 Credit reviewed Auros’ latest financial statements and their path to recovery and provided Auros with a short-term extension. We are expecting a high recovery on the wETH loans made to Auros. At that time, we were informed that Orthogonal Trading was in a healthy position and was expected to make full repayments on their loans. Despite this, they are now expected to default on all outstanding loan obligations. Maple Finance provided an update on the Orthogonal Trading situation this morning:As a result of material misrepresentations regarding their financial position, Maple has severed all ties with the parent entity Orthogonal Trading.Misrepresentation like this is in violation of Maple’s agreements and all app...
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Nexus Mutual Pays $1.04m in Claims After Hodlnaut Halts Withdrawals
On 8 August 2022, the Hodlnaut team announced that they were halting all withdrawals, token swaps and deposits effective immediately. People who held money in Hodlnaut custodial accounts could no longer access their funds. At this time, withdrawals are still halted on Hodlnaut. Nexus Mutual members who purchased Hodlnaut Custody Cover were protected against withdrawals being halted for more than 90 days. On 7 November 2022, Hodlnaut Custody Cover holders began filing claims and members began assessing those claims. To date, members have approved 18 claims and paid out 221 ETH + 764,008 DAI — more than $1.04m — to people affected by halted withdrawals on Hodlnaut.Overview of claims filed as of 15 November 2022 — Claims Filing and Assessment - The first claims were filed on 7 November 2022. In total, 21 claims have been filed to date. When submitting Custody Cover claims, members have to provide off-chain proof of loss, which includes screenshots of their balance and balance statements, as well as other supporting evidence and documents. Members who participated in the Claims Assessment process staked their NXM and participated in claims discussions and claims voting. Claims Assessors are rewarded with NXM if they vote honestly and with the majority. There are economic incentives to reward honest, truthful contributions. Claims Assessors who try to deny a legitimate claim can be penalized by having their NXM ...
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How Hodlnaut Custody Cover holders can prepare for claims filing
On 8 August 2022 at 10:09am UTC, Hodlnaut announced that they were halting all withdrawals, token swaps and deposits effective immediately. Hodlnaut released a statement, which outlined the reasons for their decision to halt withdrawals: — Hodlnaut on Twitter: "Dear users, we regret to inform you that we will be halting withdrawals, token swaps and deposits immediately due to recent market conditions. We have also withdrawn our MAS licence application. Here is our full statement t.co Our next update will be on 19 Aug. / Twitter" - Dear users, we regret to inform you that we will be halting withdrawals, token swaps and deposits immediately due to recent market conditions. We have also withdrawn our MAS licence application. Here is our full statement t.co Our next update will be on 19 Aug. If you held an active Hodlnaut Custody Cover on 8 August 2022 at 10:09am UTC, you will be able to file a claim starting on Monday, 7 November 2022 at 10:09am UTC. Below is information about Custody Cover, the claims filing process, custodial proof of loss, and claims assessment. — Custody Cover - Custody Cover protects against a loss of funds for crypto assets that are held in a custodial account. Once Hodlnaut announced that they were halting withdrawals, the 90-day provision in Section 1.2 took effect — members who held active cover when withdrawals were first halted have to wait for 90 days to pass before claims...
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Gearbox Protocol Cover Now Available on Nexus Mutual
GEARheads rejoice! Gearbox has partnered with Nexus Mutual to offer their users Gearbox Protocol Cover. Together, our communities are celebrating the launch of Gearbox V2, while giving everyone access to passive yields, composable leverage, and comprehensive protection. Now, anyone can participate in Gearbox’s leverage market, secure their deposit with Protocol Cover, and enjoy peace of mind. Protocol Cover protects against the leading smart contract and technical risks in DeFi. When you purchase Protocol Cover for Gearbox, you’re protected against: Code being used in an unintended way (e.g., exploits, hacks), Economic design failure (e.g., a failure in the protocol’s design that results in bad debt), Severe oracle failure, oracle price manipulation, Governance attacks, To date, members of the mutual have paid more than $8m in claims to people who suffered a loss due to past exploits. Nexus Mutual’s claim process is battle tested and has protected members against six separate loss events since 2019. Gearbox Protocol allows anyone to take DeFi-native leverage and use it across various protocols to leverage trade or earn leveraged yields–or both at the same time! You can use leverage with protocols you already love: Uniswap, Yearn, Curve, Convex, Lido, etc.Gearbox Protocol’s two-sided marketplace is open to everyone, from passive liquidity providers to experienced DeFi borrowers. Those who don’t want to active...
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Nexus Mutual Partners with Sherlock to Protect $33m Across DeFi Protocols
Nexus Mutual, the leading provider of crypto-native coverage, has partnered with Sherlock to supercharge their incentive-aligned auditing services. Sherlock is an industry leading auditing and smart contract coverage protocol that has pioneered the next generation of smart contract audits. They provide up to $10M of coverage after each audit has been completed. Our teams have collaborated to create first-in-class coverage that advances protection for Sherlock audited protocols. We are proud to announce the launch of Sherlock Excess Cover, which provides Sherlock with protection for 25% of their underlying coverage. Through this partnership, Sherlock can derisk and extend cover capacity for future audits. By working with Nexus Mutual, the Sherlock team can take advantage of the mutual’s capital pool, which has more than $199m (153,887 ETH) in underwriting capital. Both Nexus Mutual and Sherlock are working to protect more DeFi users like you. Nexus Mutual pairs risk management expertise with comprehensive crypto-native cover products, and Sherlock is the only auditing firm that backs their audits with native coverage at the protocol level. Together, we are working to strengthen on-chain security. Nexus Mutual looks forward to further collaboration with the Sherlock team. We are always open to working with teams that have risk management expertise. That’s why we have been building Nexus V2–an on-chain risk marketplace wher...
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Euler Finance: Protocol Cover Now Available on Nexus Mutual
Whether you’re depositing four figures or eight into Euler’s permissionless lending markets, you now have access to comprehensive protection with Protocol Cover from Nexus Mutual. Euler Finance has partnered with Nexus to offer their users cover. Now anyone can deposit into Euler’s permissionless lending protocol and enjoy peace of mind. Protocol Cover protects against the leading smart contract and technical risks in DeFi. When you purchase Protocol Cover for Euler Finance, you’re protected against: Code being used in an unintended way (e.g., exploits, hacks), Economic design failure (e.g., a failure in the protocol’s design that results in bad debt), Severe oracle failure, oracle price manipulation, Governance attacks, To date, members of the mutual have paid more than $8m in claims to people who suffered a loss due to past exploits. Nexus Mutual’s claim process is battle tested and has protected members against six separate loss events since 2019. Euler Finance is democratising access to lending and borrowing within DeFi through their permissionless markets. The protocol is designed to provide users with greater capital efficiency, so you can make the most of your lending and borrowing experience. You can use Euler to lend and borrow a wide variety of tokens, and if you are an experienced DeFi user, you can take advantage of the advanced features like feeless flashloans and the ability to short and long ass...
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