DeFi Cowl Supplier Nexus Mutual Backs New Crypto Insurance coverage Dealer Native

DeFi Cowl Supplier Nexus Mutual Backs New Crypto Insurance coverage Dealer Native

by Jeremy

Native goes stay with $2.6 million of seed funding led by Nexus Mutual, and the 2 companies are providing $20 million on-chain cowl per threat, in accordance with a press launch on Tuesday. Nexus Mutual at present has a capital pool of about $200 million, largely denominated in ETH, the token of the Ethereum blockchain, which means the mutual will be capable to write a number of protection strains per threat from day one, Nexus Mutual mentioned.

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