Saffron Finance
The Saffron Finance team buys this for its own users, so you cannot buy it yourself. It pays if the protocol is drained by a hack: a bug in the code being exploited, wrong prices being fed in, or someone hijacking the vote. The payout has to reach the users.
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 |
|---|---|---|---|---|
| Hugh#2 | $2.4M | 86% | 1.79% | ready |
| BraveNewDeFi's Pool#22 | $405k | 14% | 1.79% | writing |
| Nexus Mutual Community Staking Pool#23 | $1k | 0% | 1.79% | writing |
3 pools are listed for this cover, 2 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 2026-08-23 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.
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 1 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.
The yearly price counts only policies running 28 days or longer. Shorter ones are almost always top-ups covering the remaining days of an existing policy; annualising a single day would produce rates that look alarming without a single figure being wrong.
Source: Nexus Mutual · Snapshot 2026-09-05 08:25 UTC