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Spark Savings USDT Depeg

Protects the buyer #384

A kit with four separate parts for Spark Savings USDT Depeg: trouble at the exchange holding your coins (theft, or withdrawals frozen for 100 days), hacks, a token losing its fixed value, and staking penalties. Only the parts listed in this product's own terms actually apply, so check which ones you are buying.

We have not analysed this listing yet. The numbers below come straight from the provider; what the cover actually says is not verified here.

Active cover $0
Free capacity $849k
Utilisation 0.0%
Annual price from 0.98% up to 0.99% at full capacity

Nexus Mutual does not set prices; the staking pools do, each for itself. A purchase is filled from the cheapest capacity first, so the price depends on how much you buy. $368k are available at 0.98%; taking the whole capacity costs 0.99%. Both figures come from Nexus itself.

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.

PoolFree capacityShare of freePriceStatus
Nexus Mutual Community Staking Pool#23$481k57%0.99%ready
BraveNewDeFi's Pool#22$368k43%0.98%ready

2 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.

Active cover $0
Free capacity $849k
Cheapest annual price 0.98%

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.

Source: Nexus Mutual · Snapshot 2026-09-05 09:04 UTC

COVERRACCOON

Independent analysis of DeFi cover. We read the terms nobody else opens.