Nexus Mutual Proposes Foundation Funding
Nexus Mutual – the discretionary mutual known for its alternative DeFi insurance products – is proposing a potential revenue stream for the Foundation.
Nexus Mutual’s Foundation is a Collective Risk Services CIC (CRS) operating as a non-profit which is responsible for employing the core team in addition to paying other operating expenses including website, marketing, audits and more.
The initial proposal requests that the current 2.5% sell spread on any NXM redemptions (i.e. Mu… … More