Nexus Mutual Price (NXM)

Unlisted

What is Nexus Mutual?

Nexus Mutual is a decentralized insurance alternative that allows members to join and share risk. Members can purchase cover products that protect against different kinds of risk, such as smart contract risk for major DeFi protocols (Protocol Cover), ETH slashing risk, and more. Protocol Cover provides protection against a loss of funds due to hacks, exploit, oracle manipulation, liquidation failures, or governance attacks. The Nexus Mutual protocol is built on Ethereum and provides the infrastructure for members to buy cover, underwrite risk, assess claims, and build risk management businesses.

What is the NXM token?

The NXM token is the governance and utility token backed by crypto assets held in the Nexus Mutual capital pool contract. It is used to buy cover, vote on governance decisions, and participate in Risk and Claims Assessments. It is also used to encourage capital provision and represents ownership to the mutual’s capital pool. As the mutual’s capital pool increases, the value of NXM will increase as well. The token’s price is determined using a Ratcheting AMM (RAMM), which is affected by both the amount of capital the mutual has and the amount of capital it needs to meet all claims with a certain probability. The NXM token is not traded on any exchange and is only used as an internal token for Nexus Mutual. To obtain the NXM token, one must register as a member of Nexus Mutual and go through the platform’s KYC and AML processes. There is a "wrapped" version of the NXM token called Wrapped NXM (wNXM) that is freely transferable and can be bought on the open market through cryptocurrency exchanges. How to check the financial health status of the Nexus Mutual protocol? Relevant on-chain financial metrics can be found in the Nexus Mutual Dune dashboards. How are covers priced? The price of cover is based on several criteria such as: Cover Amount

Cover Period

The price of cover set by the staking pool manager(s) How is risk assessment done on Nexus Mutual? NXM holders can participate in risk assessment as NXM stakers, who stake and delegate their NXM to an existing staking pool, or as Staking Pool Managers, who launch their own staking pool and use the NXM in their pool (their own NXM and NXM delegated by other members) to stake against cover products, determine the available capacity, and set the price of the cover offered by their pool. How to make a claim on Nexus Mutual? When a loss event occurs, Nexus Mutual users who held active cover can submit a claim. They can do so by submitting a claim directly in the Nexus Mutual user interface.

What is the live trading price of Nexus Mutual today?

The current trading price of Nexus Mutual stands at $74.47, updated in real time. This price reflects aggregated data across multiple markets, ensuring an accurate representation of global supply and demand.

How much trading activity is happening for NXM?

NXM recorded a 24-hour trading volume of $--. This metric is important for evaluating liquidity conditions — higher volume generally indicates more active markets and smoother order execution.

What is today's price performance for Nexus Mutual?

In the last 24 hours, Nexus Mutual has seen a price movement of 0.03%. A positive trend suggests stronger buying interest, while a negative trend may reflect short-term selling pressure or broader market downturns.

What pricing range has Nexus Mutual traded in today?

Within the past day, Nexus Mutual fluctuated between $74.08 and $74.88, giving traders insight into intraday volatility and potential support/resistance levels.