Nexus Mutual(NXM)

AB members serve at the discretion of Nexus Mutual members. Nexus Mutual members can replace an AB member without interference from existing AB members.

DAO members decide what community projects and teams are funded from the treasury.

Any investment allocations are decided by members through the Mutual's governance process using the Investment Proposal Template outlined on the governance forum.

Cover fees and investment earnings accumulate into the Capital Pool which is jointly owned by all Nexus Mutual members. 50% of the cover fee is minted in NXM rewards and distributed to stakers in the pool

50% of the cover fee is minted in NXM rewards and distributed to stakers in the pool. Tokenized staking positions accrue rewards using a time-based veToken model, where locking NXM for longer periods increases the share of cover fees a member will receive.

When members delegate their staked NXM to a pool, their NXM can be burned to facilitate claim payouts if members who purchased cover from the pool file successful claims. If a claim is filed and approved by claims assessors, then the staked NXM allocated to the relevant cover product is burned proportionally across all stakers. NXM stakers earn rewards but run the risk of losing their staked NXM, as NXM burns can result in a portion of a position or the whole position being burned.