Community Staking Pool (Pool 23) Updates | Week of 24 September 2024
Below is an update regarding Pool 23’s exposure and performance.
Exposure
In total, the Community Staking Pool is underwriting $5,304,721.93 in active cover across the listings outlined below.
Source: Nexus Mutual Covers Dune dashboard
The top five (5) listings by exposure are as follows:
- EigenLayer + Etherfi Protocol Cover: $1,450,326.75
- Dialectic Moonphase Fund Portfolio Cover: $1,239,569.62
- Dialectic Chronograph Fund Portfolio Cover: $670,972.81
- Aave v3 Protocol Cover: $503,432.43
- Hyperliquid Protocol Cover: $483,137.49
NXM Rewards
To date, the Community Staking Pool has earned 638.58 NXM ($38,065.15) in staking rewards and 66.96 NXM ($3,991.48) in management rewards. Currently, Pool 23’s active cover has netted the pool 333.76 NXM in premiums. Pool 23 is earning 10.23 NXM per day, with an aggregate of 123.98 NXM in pending rewards and a current APY of 12.66%.
Source: Nexus Mutual Covers Dune dashboard
The leading five (5) listings that have generated the most premium for Pool 23 are as follows:
- Dialectic Moonphase Fund Portfolio Cover: 108.26 NXM
- Dialectic Chronograph Fund Portfolio Cover: 70.10 NXM
- EigenLayer + Etherfi Bundled Protocol Cover: 48.63 NXM
- Hyperliquid Protocol Cover: 28.65 NXM
- Arcadia Protocol Cover: 26.98 NXM
Upcoming Updates
The Dialectic covers will renew at the beginning of October, which will contribute more rewards to this pool once the existing monthly covers expire.
The Community Staking Pool is underwriting the new Base DeFi Pass Cover listings as part of the DeFi Pass product beta testings we’re working with OpenCover on.
OpenCover is granting beta access to participate in testing for the Base DeFi Pass, all-in-one protection across eight leading protocols in the Base ecosystem in just one Cover NFT.
If you’re interested in testing the Base DeFi Pass, you can fill out this form and participate in the beta testing phase of this new product.
Questions
If you have any questions about this update, please comment below or reach out to us in the Nexus Mutual Discord server.