Cryptocurrency Financial Advisors

Nexus Mutual: Empowering Investors with Crypto Insurance

Nexus Mutual Provides Crypto Insurance for Investors - Cryptocurrency Financial Advisor

Weekly Analyst Thoughts

Involvement in the decentralized finance (Defi) space carries the risk of loss through hacks and flash loan attacks. Since these sophisticated flash loan attacks began in March 2020, users have been more reluctant to provide liquidity to Defi platforms that have not undergone a security audit by an independent third party.

Users rely on audits for Defi platforms to protect their funds, while some take their asset protection further with incorporating decentralized smart contract insurance on Nexus Mutual. Users who want to buy smart contract insurance for decentralized platforms like Curve and Balancer can purchase a 1-year insurance plan for 2.6% of their assets staked on the Defi platform. Additionally, Nexus Mutual recently integrated insurance for centralized (Cefi) custodians like Celsius and Blockfi that protects users from withdrawal restrictions and hacking risk commonly seen on centralized crypto platforms. Below, see the insurance offerings of Nexus:

Crypto Insurance by Nexus Mutual Sarson Funds

Source: https://app.nexusmutual.io/cover/buy/select-project

Although users can do their due diligence before investing with Defi and Cefi platforms, hacks do occur and one of the best ways users can protect themselves is by purchasing decentralized insurance coverage on Nexus Mutual.

By Jacob Stelter

Share:

Email
Facebook
Twitter
LinkedIn
Telegram
WhatsApp
Reddit

Social Media

Most Popular

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.

Categories

On Key

Related Posts

Gamers go crypto

100 Million Gamers Go Crypto

 By, Evan LaMontagne, Blockchain & Gaming Analyst at Sarson Funds Game Economies, something few understood 10 years ago, but is

People on devices in the style of Norman Rockwell. Credit open.ai

Web3 My Business: Starter Pack

  Executive Summary: These crypto startups are turning Web3 communities into profit centers for businesses: Blocksee – NFT minting and