NMPIP-209 Open for Voting
This NMPIP is open for voting in the Nexus Mutual UI until Saturday (18 November 2023) 11:50am UTC 🗳️ app.nexusmutual.io/governance/view?proposalId=209
This vote asks if members want to grant the Advisory Board the power to replace the Bonding Curve with the Ratcheting AMM (RAMM) and remove the Minimum Capital Requirement (MCR) Floor.
@nexusmutual's last week in numbers 📊
🛡️ $11.5m USD worth of cover sold
💰 Members earned $45.1k USD in fees
🐢 Total active cover stands at $44.8m
📈 Increased 26% from last week
Top 5 product types in active cover ⬇️
1 - Protocol Cover ($29.13m USD)
2 - Liquid Collective ETH Staking ($9.28m USD)
3 - Sherlock Quota Share ($3.83m USD)
4 - The Retail Mutual ($3.51m USD)
5 - Custody Cover ($2.57m USD)
Top 5 staking pools underwriting active cover ⬇️
1 - Staking Pool #5 - Unity Cover
2 - Staking Pool #3 - Ease AAA Low Risk Pool
3 - Staking Pool #1 - Nexus Foundation
4 - Staking Pool #11 - Sherlock
5 - Staking Pool #2 - Managed by Hugh Karp
For more information, check out the entry in our Governance Forum ▶️
forum.nexusmutual.io/t/2023-11-week-1-the-last-week-in-review-6-12-november-2023/1308
Quarterly Insights Report | Q3 2023
In Q3 2023, Nexus Mutual members made significant progress on underwriting initiatives, while earning ~ $440k in cover fees and $1.05m in investment earnings. NXM stakers underwriting cover earned 2,000 NXM rewards.
🌍 Through the Mutual's partnership with InShare SMART Risk, members are underwriting cover for more than 5,000 independent businesses in the UK. 🏗️ @opencover is building on top of the Nexus Mutual protocol, allowing anyone to purchase Protocol Cover on @base and Optimism. 💧 Unity Cover's Slashing Coverage Program with Liquid Collective continues to give their ETH stakers peace of mind and protection against major slashing risks, as coverage scales with their explosive growth.
Check out the full Q3 Insights Report—brought to you by the DAO Community team—on the governance forum for more details ⤵️ forum.nexusmutual.io/t/third-quarter-q3-2023-insights-nexus-mutual-dao/1304
We're proud to announce Nexus Mutual's strategic partnership with InShare, a specialist in alternative risk transfer and mutuals.
InShare, acting as a representative for a membership organization of independent retail businesses, is working with Nexus Mutual to expand capacity and cover more than 5,000 small independent business owners in the UK.
InShare purchased excess of loss and aggregate stop loss cover, which allows their client to pass risk onto Nexus Mutual's $274M capital pool.
Through our groundbreaking collaboration with InShare, Nexus Mutual is the first to use on-chain capital to cover excess losses for a traditional discretionary mutual.
By working with Nexus Mutual, InShare can protect more independent businesses throughout the UK and offset small business risk such as fire, theft and accidental damage.
To learn more, read the full announcement 👇 nexusmutual.io/blog/nexus-mutual-expands-cover-capacity-in-the-uk-with-on-chain-capital
Nexus Mutual has partnered with Figment to offer their customers access to superior protection against double-sign slashing risks 🛡️
With ETH Slashing Cover, Figment customers can protect up to 1 ETH per validator against double-sign slashing penalties.
Many customers want the option to secure their staked ETH with an extra layer of protection—that's why Figment worked with Nexus Mutual to offer ETH Slashing Cover to their customers.
Read The Block's recent article to learn more 👇 www.theblock.co/post/239343/figment-nexus-mutual-ethereum-slashing-cover
📰 The Hedge | 13 July 2023 📰
The new issue of The Hedge is here 🙌
Weekly updates from the Nexus Mutual DAO, written and distributed by the DAO Community team 📬 🤝 Announcing the Figment ETH Slashing Cover Partnership 🗳️ Capital pool investment NMPIPs: Open for voting on chain 🗳️ Protocol Cover wording update NMPIP: Open for voting on chain 🗳️ Nexus Mutual DAO Proposal: Open for voting on Snapshot 🗨️ Update from the Foundation team 💬 Recently in Nexus Mutual governance 📈 Last week in cover buys
Read the latest issue 👇 nexusmutual.substack.com/p/the-hedge-13-july-2023
Nexus Mutual Community Call | 11 July 2023
Nexus Mutual's community call is held every two weeks in the Nexus Mutual Discord (t.co/Z5vWv4tWTG)) at 9am EST / 1pm UTC. The next community call will be held on 25 July.
On this week's community call, we provide updates from the DAO Community team and the Foundation, as well as our regular weekly updates. ⮞ Moss from the Avantgarde team talks about NMPIP 196: Restart Enzyme vault & start staking through Kiln (6,624 WETH): app.nexusmutual.io/governance/view?proposalId=196 ⮞ Maverick from the Rocket Pool community talks about NMPIP 197: Allocate 14,400 ETH to Rocket Pool Protocol rETH: app.nexusmutual.io/governance/view?proposalId=197 ⮞ BraveNewDeFi from the Nexus Mutual DAO talks about NMPIP 198: Update Protocol Cover wording: app.nexusmutual.io/governance/view?proposalId=198 ⮞ NMDP #1: Q3 & Q4 2023 | DAO Team Budget Request ($263,550): snapshot.org/#/community.nexusmutual.eth/proposal/0x43a9980fc907b9dd326d85df7893f42ca4632b2603ec4502afaf5708d3bfd705 ⮞ Update from Community team on forum overhaul project ⮞ Weekly update from the Foundation ⮞ Last week in cover sales ⮞ Open forum
Join us for our bi-weekly community calls, subscribe to our newsletter on Substack, and follow us on Twitter and Lens to stay up to date on all things Nexus Mutual.
Our next community call will take place on Tuesday (25 July). ➲ Nexus Mutual website: nexusmutual.io/ ➲ Nexus Mutual DAO website: nexusmutualdao.io/ ➲ Nexus Mutual Newsletter: nexusmutual.substack.com/ ➲ Nexus Mutual Twitter: twitter.com/NexusMutual ➲ Nexus Mutual Lens: lenster.xyz/posts/0x01a9c6-0x01 ➲ Nexus Mutual Dune Dashboards: dune.com/nexus_mutual
Nexus Mutual DAO Community team provides an update on the forum overhaul project
BraveNewDeFi from the DAO Community team talks about the forum overhaul project now that it's complete: forum.nexusmutual.io/
Rocket Pool community presents NMPIP 197: Allocate 14,400 ETH to Rocket Pool Protocol rETH
Maverick from the Rocket Pool community talks about the proposal to allocate 14,400 ETH from the Nexus Mutual capital pool to stake with Rocket Pool.
Nexus Mutual governance forum proposal: forum.nexusmutual.io/t/nmpip-197-allocate-14-400-eth-to-rocket-pool-protocol-reth/1173 NMPIP on-chain governance vote: app.nexusmutual.io/governance/view?proposalId=197
Avantgarde team presents NMPIP 196: Restart Enzyme vault & start staking through Kiln (6,624 WETH)
Moss from the Avantgarde team talks about the proposal to allocate 6,624 WETH from the Nexus Mutual Enzyme vault to ETH staking through Kiln.
Nexus Mutual governance forum proposal: forum.nexusmutual.io/t/nmpip-196-restart-enzyme-vault-start-staking-through-kiln-6-624-weth/1174 NMPIP on-chain governance vote: app.nexusmutual.io/governance/view?proposalId=196