Nexus Mutual Newsletter | 1 December 2022
This newsletter is brought to you by the Nexus Communications team. Stay up-to-date on the latest news and updates from the Nexus Mutual community.
Highlights
Everstake <> Nexus Mutual ETH Staking Cover Partnership
Nexus Mutual has worked with Everstake to offer their users ETH Staking Cover to protect against the major validator risks such as penalties, slashing events, and missed rewards.
The new partnership will allow Everstake users to benefit from Nexus Mutual's ETH Staking Coverage, which is designed to protect stakers if Everstake validators experience infrastructure or setup failure that result in slashing or downtime.
Sherlock Excess Cover Renewal
Sherlock has renewed their Excess Cover with Nexus Mutual. Sherlock Excess Cover offers protection for 25% of Sherlock's underlying coverage. When Sherlock sells cover, 25% of their cover fees are used to buy Excess Cover from Nexus Mutual.
For more information, read our announcement of the Sherlock Excess Cover partnership.
New Protocol Cover Listings: Aura and Enzyme v4
Recently, Aura and Enzyme v4 were both listed in the Nexus Mutual user interface (UI). You can now protect your assets in Aura and Enzyme v4 with Protocol Cover.
Currently, there’s open capacity for both Aura and Enzyme v4. You can review both listings in the Nexus Mutual UI.
FTX, BlockFi, and Gemini Earn Reminders
As a reminder: if withdrawals are still halted for the following custodians once the 90-day period passes, then claims can be filed for halted withdrawals on:
FTX International starting on Monday, 6 February 2023 at at 10:54pm UTC
BlockFi starting on Thursday, 9 February 2023 at 1:16am UTC
FTX US starting on Thursday, 9 February 2023 at 5:00pm UTC
Gemini Earn* starting on Tuesday, 14 February 2023 at1:32pm UTC
* Only Gemini’s Earn program was impacted by halted withdrawals. The Gemini exchange is operating as usual per their recent announcement.
If any updates on the status of these custodians changes, we will provide updates in the newsletter and across our social channels.
The Week in Review | 21–27 November 2022
In the last week, the mutual sold $18m USD worth of cover and earned $85k USD in fees, as outlined below.
Active Cover as of 27 November 2022
Total active cover stands at $172m | 146,873.92 ETH with active coverage by cover type as follows.
You can review total active cover and active cover by cover product on the Nexus Tracker.
Up Next
Join us on Tuesday, 6 December, for our next community call at 9am EST / 2pm UTC to stay up-to-date on all things Nexus Mutual.
Don’t forget to follow the Nexus Mutual Twitter account for regular updates and communication from the mutual. You can follow the Nexus Mutual Bot Twitter account to stay up to date on cover buys as they happen.
Have a great weekend everyone 🐢
Resources
Nexus Mutual is fully transparent. You can verify the information within this newsletter and learn more about the mutual through the resources below.
Nexus Mutual’s community is most active on Discord. You may reach our team with any questions through LinkedIn and Discord.