The Currency Analytics
By James Thorp
Nexus Mutual (NXM) Road Map
Reportedly, Nexus MutualSmart Contract Cover is changing from a CDS type approach to one where loss of funds must be proven.
Nexus Mutual have lot of other things coming over in their Roadmap. Looks like they are very clear about where they are heading to.
Enabling Investment Earnings: Enabling the mutual to invest its assets (float) into any ERC-20. All additional yield will benefit members directly.
Moving MCR fully on-chain: More of a technical item, but a key step forward in terms of decentralization.
Stacked Risk Cover (working title): New product that covers all risks of interacting with a tokenized protocol.
Demand Based Pricing: Add dynamic factors to the pricing approach that will be responsive to current supply/demand, reducing the need for governance updates.
Staking 3.0 Review the current staking approach: Remove the 90 day lock-period; Stream rewards over a period; Allow tradable staking positions; Enable delegated staking;…
These changes are not retrospective and they will be only applied henceforth for New Covers.
With the Proof of Loss changes getting voted for by the members, claims must now be submitted with proof of individual material loss. Acceptable proof = verified addresses.
Sydney Ifergan, the crypto expert opined: “Nexus Mutual (NXM) members have voted to accept proof of loss changes.”
Nexus Mutual Retweeted: “New DeFi tutorial on how to stake NXM on NexusMutual. Nexus provides Smart Contract Cover (aka DeFi insurance) thanks to those staking NXM against DeFi…
The ever-growing MCR (Minimum Capital Requirement) of Nexus Mutual is proof of how crypto projects' open governance is making possible meaningful discussions around every part of…
The purpose of systematically growing MCR was to increase on the Cover Capacity. This was necessary due to the overwhelming mismatch between demand for cover and existing capacity.