Similar to insurance, you can buy protection (“cover”) against loss of funds in DeFi due to causes such as smart contract exploits, severe liquidation failures, governance takeovers, oracle manipulation, etc.
Losses caused by rug pulls, compromised wallets, and frontend attacks are not covered.
Claims are evaluated by NXM-staking members, who vote on whether to accept or deny it. An economic incentive model is expected to keep the process honest.
Buying cover and claim payouts happen entirely on-chain.Main website