1/ š @NexusMutual has led the way in onchain coverage, protecting DeFi from smart contract risks, custody failures, depegs & more.
We're now preparing for the next growth phase. Hereās the vision & proposals to scale šš§µ
2/ ā
Proven in DeFi:
Trusted by top-tier DeFi players, Nexus is the go-to for crypto-native risk coverage. As larger & more risk-averse capital enters DeFi, coverage demand will multiply.
3/ š¦ Bridging Traditional Insurance:
Regulated insurers are entering crypto but often lack capacity and deep domain expertise. Nexus can bridge crypto capital into traditional markets, offering capital-efficient protection where it's scarce.
4/ āļø RAMM Success & Capital Growth:
The Ratcheting-AMM (launched Nov '23) accrued 5,350+ ETH for members but hasnāt driven major capital inflows yet. We need fresh strategies to grow capital for scaling.
5/ š”ļø Claims Reform for Trust:
We'll move from DAO-wide voting to a specialized claims committee (3-5 experts). This builds user trust & enables specialized cover products (e.g. K&R, property, parametric).
6/ š³ļø Governance Upgrade:
Proposing to formalise an optimistic governance model:
- Advisory Board proposes changes
- Proposals pass unless 15% NXM quorum votes no
- AB can always be replaced anytime via onchain vote
7/ š Regulatory Bridge:
We're seeking regulatory approval for regulated staking pools, enabling Nexus capital to support traditional insurance markets. This could unlock 10x growth.
8/ š Boosting Staking Incentives:
Redirecting RAMM value to reward NXM stakers directly, boosting yields by ~24%.
Targets:
- Double staked NXM to ~1M
- Grow TVL to $500M+
9/ š The Bigger Picture:
DeFi is entering mainstream finance. @NexusMutual proposed upgrades position us to capture this growth, bridging onchain & traditional insurance worlds.
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