Nexus Mutual
NXM
Product information
What is Nexus Mutual (NXM)?
Nexus Mutual is a mutual structure that began operating on Ethereum in 2019 and offers users protection (cover) against risks such as smart contract bugs and protocol attacks. In this model, members share a common capital pool instead of relying on a traditional insurance company, and claims are assessed by members; payouts are discretionary and do not constitute a legal commitment.
NXM is the membership token of this structure and can be used only among members who have passed identity verification. Members use NXM to buy cover, stake it for risk assessment and take part in governance votes. NXM is acquired or redeemed against ETH through the protocol's own automated market maker. The version that circulates on the market without requiring membership is known as wrapped NXM, or wNXM.
Lzzo.com uses DefiLlama's US dollar reference price for NXM. This value is shown for information; for the scope and terms of cover, readers should consult Nexus Mutual's own documentation.
Sources: nexusmutual.io, defillama.com, coingecko.com
- Name
- Nexus Mutual
- Symbol
- NXM
- Market
- Crypto
What to look for in the technical analysis of Nexus Mutual
Moving averages help assess the trend and RSI helps assess momentum. Indicators are calculated from real history; when there is not enough history or the required candle fields are missing, the indicator is not calculated. Past results do not guarantee future performance.
Technical indicators
Calculated from observed daily candles (at least 201 observations). No intraday indicators. Indicators are descriptive, not a buy/sell recommendation.
Investment Return CalculatorWith observed closes over the past year
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