Sep 21, 2020
September 21, 2020
Tools from our sponsors to go bankless:
🌐 UNSTOPPABLE DOMAINS - GET A HUMAN READABLE CRYPTO DOMAIN
🌈 ZAPPER - ULTIMATE HUB FOR DEFI - ZAP INTO DEFI
💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS
💸 AAVE - LEND AND BORROW DEFI ASSETS
Nexus Mutual to Billions | Hugh Karp
Hugh Karp is the founder of Nexus Mutual, a DeFi insurance
Nexus Mutual has $80M ETH covering over $240 worth of DeFi insurance, up from $8M last July. Nexus has paid out millions in insurance claims to previous DeFi hacks, and is one of the fastest-growing protocols in DeFi.
Hugh comes from the world of insurance and worked as an actuary before moving into crypto. He brings his real-world insurance knowledge to the DeFi universe through Nexus Mutual, a reconstruction of real-world insurance mechanisms, but built on Ethereum.
Nexus Mutual has over $80M in assets deposited into the Nexus contracts, up from just $8M in July 2020. This $80M is the backstop for $240M of cover purchased by Nexus customers.
Join us as we go through the history of Nexus Mutual, the NXM token, and the future road map with founder Hugh Karp!
1) Current state of DeFi insurance / safety
2) Benefits of smart-contract based insurance
3) Quick history of insurance
4) Building Nexus
5) Integrating NXM
6) NXM Bonding Curve
7) Future vision of Nexus
Read: How to assess the risks of
a lending protocol?
Read: how to protect against
hacks with Nexus
Nexus Metrics Tracker: https://nexustracker.io/
DeFi Dad Explainer Video: https://www.youtube.com/watch?v=rnzInsKPLR0
Rate the Podcast 5 Stars
Subscribe to podcast on iTunes | Spotify | YouTube | RSS Feed
Leave a review on iTunes
Share the episode with someone you know!
Don't stop at the podcast!
Subscribe to the Bankless newsletter program
Watch Bankless shows and tutorials on YouTube
Visit official Bankless website for resources
Follow Bankless on Twitter
Follow Ryan on Twitter
Follow David on Twitter
Not financial or tax advice. This podcast is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Do your own research.