Nexus Mutual

Cover fees and investment earnings accumulate into the Capital Pool which is jointly owned by all Nexus Mutual members.

Nexus Mutual is an onchain discretionary mutual governed by its members. Every member who joins Nexus Mutual has voting power equal to one vote plus the sum total of their NXM tokens. The Mutual uses an optimistic governance model where the Advisory Board (AB) creates a proposal and sets the default outcome. The AB creates a proposal in parallel on the Nexus Mutual DAO Snapshot space, where Nexus Mutual members can vote to reject the default outcome. If Nexus Mutual members vote and meet the quorum for rejection, the AB's default outcome is rejected and the proposal does not move forward.

The NXM token is a governance and utility token backed by crypto assets held in the capital pool contract. When someone contributes ETH, USDC or cbBTC to the Capital Pool in the Nexus Mutual user interface, NXM is minted and transferred to their wallet. NXM can be staked and doing so creates open capacity for other members to buy cover.

Track NXM price, market cap, circulating supply, max supply, trading volume, and token rights.

	Q3 2026*	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025
Gross Protocol Revenue	$457.07K	$823.19K	$908.97K	$999.97K	$1.22M	$1.27M	$673.45K
Cost of Revenue	$228.54K	$411.59K	$454.49K	$499.99K	$610.23K	$635.79K	$336.73K
Gross Profit	$228.54K	$411.59K	$454.49K	$499.99K	$610.23K	$635.79K	$336.73K
Earnings	$228.54K	$411.59K	$454.49K	$499.99K	$610.23K	$635.79K	$336.73K
Token Holder Net Income	$228.54K	$411.59K	$454.49K	$499.99K	$610.23K	$635.79K	$336.73K

Nexus Mutual(NXM)

Key Metrics

Income Statement for Nexus Mutual

Token Rights and Value Accrual

Nexus Mutual

Token Usage

Overview

Nexus Mutual(NXM)

Key Metrics

Income Statement for Nexus Mutual

Token Rights and Value Accrual

Nexus Mutual

Token Usage