Welcome to a special issue of The Hedge, where we focus on the latest team roadmap for Q3 & Q4 2024.
In this issue, we provide a summary of the updated roadmap, the Mutual’s current objectives and each team’s priorities for the next six months.
Nexus Mutual’s Core Objectives
The Mutual’s core objectives have remained consistent over the past year: Growth, Tokenomics, and Progressive Decentralization.
Growth 🚀: The Foundation and DAO teams are laser focused on growth over the next six months! We’ll be introducing new cover products and continue to strengthen our existing partnerships.
Tokenomics 📊: The RAMM allows members to mint and redeem NXM at any time, while balancing the interests of long-term aligned members. Next up, we will focus on how the system should behave at lower capitalisation levels.
Progressive Decentralization 🌐: The Nexus Mutual teams continue to work toward further decentralization. In line with this effort, we initiated a research project to improve Nexus Mutual’s governance system and are organizing a reading group to discuss self-governance best practices.
Foundation and DAO Teams’ Priorities
Nexus Mutual Foundation and DAO teams consist of 17 full-time talented individuals who work closely with the Mutual’s ecosystem partners.
Below, we share team highlights and provide a snapshot of what each team will be prioritizing over the next six months.
Foundation Engineering ⚙️
The Foundation Engineering team will implement limit orders for cover purchases, cover editing functionality, and point-of-sale integrations. These features, along with UI updates, are expected to increase cover sales and improve the member experience.
🔗 Foundation Engineering Priorities
Foundation Business Development 💼
The Business Development team collaborates with our ecosystem partners and teams in the wider DeFi landscape to drive growth. They also work with high-value, long-term cover buyers to boost renewal rates and relay product feedback to the Product & Risk team for new cover designs. Through the Accelerator Program, the team fosters growth in the Nexus Mutual ecosystem by providing financial and mentoring support to DeFi teams building on top of the Nexus Mutual protocol. Additionally, the Grants Program supports one-off projects that contribute to the Mutual’s growth.
🔗 Foundation Business Development Priorities
Foundation Legal 👩⚖️
The Foundation Legal team will continue to coordinate legal arrangements related to the FTX claims and the Euler Finance claim payouts to provide value for the Mutual’s members. The Legal team also supports new cover product and partnership developments.
DAO Product & Risk 🗒️
The DAO Product & Risk team collaborates with the Foundation teams and ecosystem partners to orchestrate new cover product development and conduct product and market research. In Q3, they’ll be developing a new bundled-type product that’s expected to launch in Q3 or Q4. They’ll also start research projects focused on bridge and lending risks, with the end goal of updating and expanding the Mutual’s product offerings.
🔗 DAO Product & Risk Priorities
DAO Research & Development (R&D) 📚
The DAO R&D team includes members with actuarial and data analytics expertise. They support new cover product development, create real-time data dashboards on Dune, and coordinate research projects such as Tokenomics, the Governance Research Project and the Minimum Capital Requirement calculation project.
🔗 DAO Research & Development Priorities
DAO Community 🫂
The DAO Community team is responsible for member updates as well as information materials and will design an onboarding program. They will support the mutual’s communications in collaboration with the Marketing team. Additionally, they will work with the DAO R&D team on the Governance Research Project and coordinate the Governance Reading Group.
DAO Marketing 🔊
The Marketing team has been recently established to catalyze growth through the Mutual’s social media channels and fine-tuning our brand positioning. They will work in sync with the Business Development, Community and Product & Risk team members to drive our content strategy, brand positioning and more.
More Information About the Foundation and DAO Teams
If you’d like to review the original presentations and discussions, please check out the following resources:
1️⃣ Nexus Mutual Roadmap | Q3 & Q4 2024 on the Nexus Mutual Governance Forum
2️⃣ NMDP 7: Q3 & Q4 2024 | DAO Teams Budget Request Proposal (706,500 USDC + 2464 wNXM) on Snapshot
3️⃣ BraveNewDeFi presenting the highlights of the Team Roadmap at Nexus Mutual’s 30 July Community Call
Ecosystem Highlights
🔆 OpenCover’s Onchain Summer is Live: Enjoy up to $10,000 free cover against protocol hacks, oracle manipulation, liquidation failures and governance attacks on all protocols on Base.
📒 Nexus Mutual New L2 Product Development Survey: If you regularly use a Layer 2 solution, we want to hear from you!
🛡️ Covered Alpha: New cover listings in the Nexus Mutual and OpenCover include Inverse Finance Firm Protocol Cover, Curve Llamalend Protocol Cover, and more!
Thanks for reading!
Thank you for your interest in learning more about Nexus Mutual’s roadmap for 2024. Whether you are a risk expert or simply interested in our work, we look forward to welcoming you into our community. Reach out to us on Discord.
Resources
Find the latest updates from the Nexus Mutual community:
Nexus Mutual strives to be fully transparent. You can verify the information within this newsletter and learn more about the mutual through the resources below.