Dialectic Ellipse
For a fund, not a private person: pays if the fund loses money to a hack somewhere in the portfolio it invests through Dialectic Ellipse. The sum insured is a percentage of what the fund manages, not a fixed amount.
We have not analysed this listing yet. The numbers below come straight from the provider; what the cover actually says is not verified here.
Product annex
The terms apply to the product type. This annex applies to this listing alone: it names the covered address, the deductible and the sublimits. Read it before relying on the numbers above.
Open annex (PDF) →Who backs this cover
Capacity does not come from Nexus itself. Staking pools put it up, and their managers decide which products they underwrite and at what price. This is the state from our latest daily reading.
| Pool | Free capacity | Share of free | Price | Status |
|---|---|---|---|---|
| Unity Cover#5 | $8.3M | 44% | 1.46% | ready |
| Nexus Foundation#1 | $5.9M | 31% | 1.46% | ready |
| Hugh#2 | $4.9M | 26% | 1.46% | ready |
3 pools are listed for this cover, 0 of them already carrying it. The share is share of FREE capacity: it answers who could write the next policy, not who carries what is already bought.
History since 2024-09-01 is reconstructed weekly from on-chain data (dollar values derived via the NXM daily rate); the recent part is recorded live daily. The oldest stretch covers active cover only: free capacity and price cannot be reconstructed that far back.
Capital behind this product
Two different things, side by side. Allocated cover is measured: what the backing pools actually earmarked for this product. Attributable capital is derived: each pool weighted by this product’s share of its underwriting book, times that pool’s staked NXM in the same week. The ratio between them is the leverage the mutual runs on this product.
Currently about 5.7 NXM of cover per NXM of capital behind it. Weekly, reconstructed from the chain. Tranches belong to pools, not to products: the same capital carries several products at once, so the attributable share is an allocation, not a ring-fenced pot.
What buyers paid
Nexus Mutual publishes active cover and capital, but not what buyers actually paid. This figure is read from the purchase receipts one by one: the transfer to the capital pool, or the NXM burned when the premium was settled in NXM.
It is a floor, not a total. For 0 of the 5 recorded policies the amount could not be read, mostly because the premium was paid in ETH, which leaves no readable event in the receipt. Those are counted as zero here rather than guessed.
100% of the sum was not paid in a dollar-pegged asset. There the amount is measured but the dollar value is derived from that day's exchange rate.
Source: Nexus Mutual · Snapshot 2026-09-05 09:04 UTC