Product analysis

The team buys,
users are covered.

For protocol teams, not retail: the team buys one cover for its users, up to $25M. Pays on exploits and defined economic failures, claim via team post-mortem. Trap doors: own admin actions causing loss are excluded, and the payout must reach the users.

Raccoon Score 63/100 Limited

Who this is for: Protocol teams covering their USERS against an exploit of the protocol itself

Verdict

Structurally the most interesting Nexus product for builders: one purchase covers all users, proof of loss switches from per-wallet signatures to a team post-mortem, and non-EVM deployments can be included, which retail Protocol Cover excludes. The limits are equally structural: payout remains a discretionary assessor vote, losses caused by the team using its own admin controls are excluded (a real tension in incident response), the recovery must be passed to users or the cover is void, and pricing plus annex scope are bespoke and not public. No individually documented Part A payout was verifiable in public sources.

Confidence: medium 6 red flags As of 2026-07-22

Full report locked

The score above is free. The full analysis behind it is a paid, sourced report.

Coverage check & real-risk fit
Coverage gap map
Claims process & payout history
Live on-chain data & capital
Loss simulator (stress test)
Premium cross-check
Red flags & open questions
Full Raccoon Score (7 categories)
Methodology & sources

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The team buys,users are covered.

Full report locked

The team buys,
users are covered.