The DAO Community team presents Nexus Mutual DAO’s Q4 2024 Insights report, where we share data from the Nexus Mutual DAO Dune dashboards and highlight exciting developments from the last quarter.
Q4 2024 Cover Sales & Investment Earnings Breakdown
In the fourth quarter of 2024, the Mutual sold more than $354.2M in cover, an increase of ~78% from Q3 2024. Mutual members earned more than $2.3M in cover fees in Q4.
Product diversification continues to fuel cover sales growth.
Source: Product Diversification query in the Nexus Mutual Community Dune Dashboard.
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Simplifying Coverage: Covering yourself against risks in DeFi should be as simple as 1-2-3. That’s why our team is dedicated to launching new products that make it easier for users to discover, purchase, and protect themselves. With Nexus Mutual Cover, you can choose from three different plans to flexibly protect your assets across a portfolio of select protocols. Explore Nexus Mutual Cover today.
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New Products for Institutional Users: The Nexus Mutual risk-sharing ecosystem represents a natural evolution of the traditional insurance landscape. By collaborating with our Ecosystem Partners, we create bespoke, industry-leading solutions that redefine financial risk management. Recently, we developed Fund Portfolio Cover with Dialectic and Bug Bounty Cover with Immunefi. Interested in managing your company’s risks in innovative ways? Reach out to us to learn more.
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Strengthening Our Ecosystem: Since the launch of Nexus Mutual V2, we’ve been working tirelessly to unlock the full potential of our protocol update, which transformed Nexus Mutual into a risk marketplace and infrastructure provider. Our partnerships continue to grow stronger every quarter. Learn about our current partners in the previous quarterly report, with updates on new additions highlighted in this report.
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Apply to the Nexus Mutual Grants Program: Are you a wallet provider, DeFi protocol, or financial platform looking to integrate seamless protection options for your users? Nexus Mutual’s Grants Program focuses on supporting innovative distribution channels, including wallet-level integrations, to bring embedded coverage directly to users where they need it most. Let’s work together to expand access to tailored protection and create new opportunities for growth. Learn more about partnering with us here. Find out more here.
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Welcoming New Community Members: As in the last quarter, we remain committed to growth and progressive decentralization. We aim to expand our community platforms to provide accessible ways for DeFi and InsurTech enthusiasts to engage with our mission and work. If you’re passionate about self-governance, digital cooperativism, and blockchain governance, consider joining our Governance Reading Group. Looking ahead, we’ll soon launch a new peer-to-peer learning group focused on decentralized finance and risk. Learn more about our reading and learning groups in the remainder of this report.
Our Ecosystem is Growing: Welcome Native!
Nexus Mutual is unlocking new chapters of growth by fostering collaborative success with teams that share our mission to make DeFi safer and more accessible. Last quarter, we celebrated a significant milestone: $5B in total cover underwritten. This achievement provided the perfect opportunity to honor our ecosystem partners. As we look forward to reaching new milestones, we want to spotlight some of our recent partnerships.
Native 
Nexus Mutual
Native is a global broker dedicated to digital assets, and we’re working closely with them to transform how insurance functions in the onchain ecosystem. Through this partnership, Nexus Mutual’s Capital Pool will provide much needed underwriting funds into the capital-starved digital assets insurance landscape, simplifying risk coverage and transfer for partners operating under various legal frameworks.
With decades of experience in both TradFi and DeFi risk management, the Native team has been a natural partner for the Nexus Mutual team. Learn more about Native’s offerings on their website and read about Nexus Mutual’s investment in Native in this press release.
Join the Nexus Mutual Grants & Accelerator Program
Are you an agent, broker, underwriter, risk modeler, or an InsurTech or financial expert in a related field interested in creating new cover products, distributing coverage, or facilitating risk underwriting? The Nexus Mutual Grants & Accelerator Program offers investment, mentorship, and more to support your journey. Visit the DAO website for details and take the first step towards becoming our ecosystem partner.
Meet us IRL this year!
Nexus Mutual has been building since 2019—a remarkable feat in the fast-paced world of DeFi. Few projects have managed to stick around this long while continuously delivering real-world value to their communities. With over $18M in claims paid, Nexus Mutual is often highlighted as a case study in how blockchain technology can create genuine, community-focused value. Despite the absence of a formal marketing push, our products have achieved strong product-market fit, bringing together risk management experts from DeFi and beyond.
In early 2024, Phil joined our Marketing team to enhance our efforts in raising awareness among our target audiences. Later in the year, Ralf was onboarded to our Business Development team, bolstering our ability to pursue institutional partnerships. Together, their expertise has brought fresh energy and strategic direction, helping us amplify the real-world impact Nexus Mutual has been creating for years.
This year, we’re focusing on strengthening our network by participating in as many in-person events as possible. Up next, our team will be at the following events:
- iConnections Global Alts in Miami (January)
- Consensus in Hong Kong (February)
- ETH Denver (February)
- Blockworks Digital Asset Summit in NY (March)
If you’ll be attending, don’t hesitate to reach out and connect with us!
DeFi & Risk Learning Group
We believe in the power of genuine communities where members can share knowledge and learn from one another. This belief forms the foundation of all our community-building efforts. Whether it’s about creating and sharing knowledge on Nexus Mutual’s growth, progress, and products, or providing accessible online platforms to explore topics relevant to our operations, this principle guides everything we do.
Last year, we launched the Governance Reading Group, a space for governance and technology enthusiasts to explore blockchain technologies and advance new paradigms in cooperation and coordination. These discussions help us shape perspectives on progressive decentralization and keep us connected with other technology- and community-driven initiatives. Interested in joining? Sign up here. We’re currently reading Blockchain Governance by Primavera De Filippi et al.
Learning together with internet friends is always rewarding. With this spirit, we’re excited to announce the launch of a new group focused on peer-to-peer learning about decentralized finance and risk management. Whether you’re a fintech enthusiast trying to navigate the noisy, dynamic world of DeFi or a crypto native answering countless questions from curious friends, this group is for you. Sign up here to learn more about the DeFi & Risk Learning Group powered by Nexus Mutual DAO.
We’ll soon share details about the first cohort, including the curriculum, schedule, and guest speakers. The group will likely offer a small stipend to support members experimenting with different protocols. While cohort membership will be limited due to budget constraints, all learning materials will be made publicly available.
If you’re an InsurTech or financial professional eager to dive deeper into decentralized finance, we strongly encourage you to apply!
For questions, feel free to reach out to Sem on Discord or X.
What’s Up Next
We’re kicking off this quarter with a strong focus on revamping our documentation, following the Engineering team’s completion of major UX flow improvements. The Nexus Mutual UI is now faster and smoother than ever. To complement these upgrades, the Community and Product teams will collaborate to create clear and accessible guides for using the UI.
On the Engineering front, the team will be working closely with our UX design partner, Ultim Studio, to enhance the Claims interface. These updates will make submitting and assessing claims simpler and more intuitive for our members.
Finally, our team members will be attending exciting meetups around the world, ready to connect and share ideas. Keep an eye on our socials for updates on where we’ll be, and don’t hesitate to reach out if you’d like to discuss how decentralized risk sharing can meet your needs!
Let’s Stay Connected
Our Governance Reading Group is open to anyone interested in reading and discussing critical works about governance and coordination. Join us!
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