In my opinion there is a missing feature in NexusMutual which has not really been on the radar yet.
From my point of view most projects are interested in getting cover in order to become more trusted. Effectively they buy trust, which as a result is used for (indirect) marketing with respect to their potential users or investors.
These projects get audits from multiple other parties (e.g. trail of bits, open zeppelin, peck shield,…) in addition to purchase cover or introduce shield mining. And that’s the point where NexusMutual could bundle this “trust” package - especially for completely new or early stage projects.
What if we introduce the concept of an “audit council”, which would collaborate on performing or digesting audits, publishing results and so on? In the long term, participating in this audit council could be incentivized by e.g. nxm community rewards or small part of shield mining rewards whatever.
- The benefit for interested parties (i.e. shield mining) is they would also get a cutting edge audit analysis (good selling point to attract other projects)
- The risk assessors can get a statement / recommendation from the “audit council”
- The mutual would attract more projects and as a result more capital and increase participation.