Nexus MutualNXM
Convert NXM to your currency
Last Updated on Sep 28, 2025 09:00 PM
What is Nexus Mutual?
About the coin
Nexus Mutual is a decentralized insurance protocol built on the Ethereum blockchain. It provides coverage specifically for smart contracts, aiming to protect users from financial losses due to hacks or exploits in the smart contract code. The protocol is designed to offer a safety net for users engaging with decentralized finance (DeFi) protocols by covering potential bugs in the smart contract code.
Main features
The primary feature of Nexus Mutual is its smart contract cover, which protects against unintended uses of smart contracts. This means that while it offers protection against bugs and exploits, it does not cover events such as the loss of private keys or hacks on centralized exchanges. In December 2020, Nexus Mutual expanded its offerings to include custody cover, which protects against risks associated with centralized custodians and lenders like Celsius, Blockfi, and Nexo.
How it works
Nexus Mutual operates by pooling funds from its members, who can then purchase coverage for specific smart contracts. The mutual nature of the protocol means that members share the risk and rewards, with claims being assessed and paid out by the community. This decentralized approach allows for a more flexible and community-driven insurance model, leveraging the transparency and security of the Ethereum blockchain.
Wallet for Nexus Mutual
Experience the future of Crypto Wallets with Tangem
Tangem supports networks for Nexus Mutual
- Ethereum
- Solana
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Nexus Mutual FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
How to secure Nexus Mutual with Tangem Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
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Get the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
Discover the power of crypto. Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.
Why choose Nexus Mutual wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Online Support. Fast support for your needs. Live chat and email support for customers from all over the globe.
Other crypto assets supported in Tangem Wallet.
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