Nexus Mutual (NXM) is an open platform token on Ethereum that allows participants to pool and distribute risks through discretionary mutual insurance. Only participants can participate in the network, buy coverage and hold NXM (the platform's own token).

NXM (NXM) news

Nexus Mutual (NXM) is an open platform token on Ethereum that allows participants to pool and distribute risks through discretionary mutual insurance. Only participants can participate in the network, buy coverage and hold NXM and WNXM. Wrapped NXM is provided with an underlying asset in a ratio of 1:1, has the same price and allows you to expand the possibilities of application, for example, to trade on decentralized exchanges that do not support the "original".

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Wrapped NXM

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In Q3 2023, @NexusMutual 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.

1️⃣ Through the Mutual's partnerships with @InShareRisk , members…