Nexus Mutual
Decentralized insurance protocol covering smart contract hacks and exchange failures
- No KYC or registration
- Non-custodial — your keys, your crypto
- 1000+ supported exchange pairs
- Best available exchange rate
Nexus Mutual Price Chart
About Nexus Mutual
Nexus Mutual (NXM) is a decentralized insurance alternative built on Ethereum. Members can purchase cover against smart contract bugs, hacks, oracle failures, and exchange collapses. Claims are assessed by token holders who stake NXM on coverage decisions. If a hack occurs (like the Yearn Finance or Compound exploits), claim assessors vote on payouts. NXM is priced by a bonding curve tied to the mutual's capital pool — it rises as capital grows and falls as claims are paid. Members must complete KYC to hold NXM directly, though WNXM (wrapped NXM) is freely tradeable without KYC.
History
How to Swap NXM
Swapping Nexus Mutual (NXM) on SyntheticSwap is quick and requires no account or KYC. Since NXM is an ERC-20 token on Ethereum, any Ethereum-compatible wallet works — MetaMask, Trust Wallet, Rainbow, or Ledger Live. Open SyntheticSwap, select NXM as your source or destination asset, enter your receiving wallet address, and review the floating exchange rate. Once you send NXM to the deposit address provided, the destination asset is delivered directly to your wallet. The process is fully non-custodial — SyntheticSwap never holds your tokens at any point.
How to Store NXM
WNXM (ERC-20) is stored in MetaMask, Ledger, or any Ethereum wallet. Direct NXM requires Nexus Mutual membership and KYC through their portal.
