Hi all,
In the seventh episode of Genesis Block's Protocol Analysis series, we analyse Nexus Mutual, a protocol built on Ethereum, offering a decentralised alternative to insurance.
Using blockchain technology, Nexus Mutual has created a risk-sharing pool in the form of a mutual to return the power of insurance to the people. It replaces the idea of a traditional insurance company because it is wholly owned by the members.
The model encourages engagement as members will get economic incentives for participating in Risk Assessment, Claims Assessment and Governance.
Stay tuned for an in-depth breakdown of Nexus Mutual in our article that releases later this week!
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DISCLAIMER
None of this is financial advice. This channel is only educational and none of the material we present should be construed as investment advice. DYOR!
Nexus Mutual