1/ 🚀 @NexusMutual has led the way in onchain coverage, protecting DeFi from smart contract risks, custody failures, depegs & more. We're now preparing for the next growth phase. Here’s the vision & proposals to scale 📈🧵
2/ ✅ Proven in DeFi: Trusted by top-tier DeFi players, Nexus is the go-to for crypto-native risk coverage. As larger & more risk-averse capital enters DeFi, coverage demand will multiply.
3/ 🏦 Bridging Traditional Insurance: Regulated insurers are entering crypto but often lack capacity and deep domain expertise. Nexus can bridge crypto capital into traditional markets, offering capital-efficient protection where it's scarce.
4/ ⚙️ RAMM Success & Capital Growth: The Ratcheting-AMM (launched Nov '23) accrued 5,350+ ETH for members but hasn’t driven major capital inflows yet. We need fresh strategies to grow capital for scaling.
5/ 🛡️ Claims Reform for Trust: We'll move from DAO-wide voting to a specialized claims committee (3-5 experts). This builds user trust & enables specialized cover products (e.g. K&R, property, parametric).
6/ 🗳️ Governance Upgrade: Proposing to formalise an optimistic governance model: - Advisory Board proposes changes - Proposals pass unless 15% NXM quorum votes no - AB can always be replaced anytime via onchain vote
7/ 🔗 Regulatory Bridge: We're seeking regulatory approval for regulated staking pools, enabling Nexus capital to support traditional insurance markets. This could unlock 10x growth.
8/ 📈 Boosting Staking Incentives: Redirecting RAMM value to reward NXM stakers directly, boosting yields by ~24%. Targets: - Double staked NXM to ~1M - Grow TVL to $500M+
9/ 🌍 The Bigger Picture: DeFi is entering mainstream finance. @NexusMutual proposed upgrades position us to capture this growth, bridging onchain & traditional insurance worlds.
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