Every claim we have recorded at Nexus Mutual, across the whole protocol, not just the four products we analyse. Ground truth from on-chain events: submitted, accepted, denied, paid. No cherry-picking: denied and open claims are listed here too.
8 claims recorded · 8 paid · $101,575 paid out
Claims are assessed by a Claims Committee of three publicly known members: founder Hugh Karp, CTO Roxana Danila, and Head of Risk BraveNewDeFi. At least 2 of 3 accept votes are required. Voting stays open for at least 72 hours, followed by a 24-hour cool-down in which the Advisory Board can reverse fraudulent votes. A denied claim can be re-filed with more evidence; there is no independent appeals body.
Paid claims per provider documentation, including bZx (2020), Yearn (2021), CREAM (2021), Rari Fuse (2022), FTX and BlockFi withdrawal halts (2022), Euler (2023) and Arcadia (2025, via OpenCover, claims 26 to 28 per the governance forum). Individual outcomes and rationales are public in the claims database.
Caution: these figures show paid claims only. The overall acceptance rate and processing times across all filed claims were not verified in this analysis.
Nexus staking pools back cover. When a claim is paid, the backing pool's staked NXM is burned. Ground truth from StakeBurned events in the payout transaction itself, not an assumption about capacity allocation.
| Product | Status | Requested | Paid | Submitted | Paid on |
|---|---|---|---|---|---|
| Blue Chip Morpho Vaults & Markets | Paid | $3,061 | $3,061 | Apr 13, 2026 | Apr 17, 2026 |
| Beefy | Paid | $2,764 | $2,764 | Dec 1, 2025 | Dec 3, 2025 |
| Rings | Paid | $28,090 | $28,090 | Nov 19, 2025 | Nov 23, 2025 |
| Blue Chip Euler v2 Vaults & Markets | Paid | $602 | $602 | Nov 18, 2025 | Nov 22, 2025 |
| Beefy | Paid | $889 | $889 | Nov 18, 2025 | Nov 22, 2025 |
| Harvest Finance | Paid | $470 | $470 | Nov 18, 2025 | Nov 22, 2025 |
| Beefy | Paid | $42,198 | $42,198 | Nov 18, 2025 | Nov 22, 2025 |
| Beefy | Paid | $23,502 | $23,502 | Nov 18, 2025 | Nov 22, 2025 |
Data is pulled from the Nexus Mutual Claims and Cover contracts (events and view calls), not from marketing pages. USD conversion uses spot ETH/BTC prices at the time of the check; assets already denominated in USD/USDC are shown as-is.