The Nexus Mutual Protocol
Nexus Mutual is a decentralized insurance alternative that allows people to join as members and share risk with others. Members can purchase cover products that protect against various risks. The protocol is built on Ethereum and provides the infrastructure for members to build risk management businesses.
Members coordinate with one another through the Nexus Mutual protocol.
Above is an overview of Nexus Mutual's risk marketplace, where participating members coordinate through the protocol.
Within the protocol, the NXM token is used to share risk and participate within the mutual. Learn more about the role the NXM token plays within the Nexus Mutual protocol in the next section.