We’ve published The Nexus Review 2025, kickstarting our quarterly reports, bringing together key insights from across the Nexus Mutual team on how DeFi risk, products, and governance are evolving.
The report covers:
- 2025 in numbers: $1B+ in cover purchased, $5.5M+ in premiums earned by underwriters
- Claims & loss events: $370K+ paid in 2025, $18.6M+ since 2019, including a breakdown of major Q4 incidents
- Vaults & institutional DeFi: how vaults are becoming core infrastructure and what this means for risk management
- Legal & governance context: where smart contracts stand under English law and why this matters
- What’s next: Real-World Insurance Vaults, expanded vault cover, and new products addressing emerging risks
This report is intended to support informed discussion within the DAO and the wider DeFi & Risk community as we continue building onchain risk infrastructure at scale.
Read the full report on https://docs.nexusmutual.io/bookshelf/NM_Q4_REPORT.pdf