MakerDAO Black Thursday (12/03/2020)

Claim event #2 - MakerDAO Black Thursday (12/03/2020)

There was much debate among our community for this one. Ultimately 99.96% of member votes rejected claims and 0.04% accepted. We wrote a full post-mortem here.
The Nexus Mutual community had a wide range of opinions on whether smart contract cover should protect users against this particular incident. At the time of this claim, the Nexus Mutual cover wording offered protection against smart contracts being used in an unintended way. However, member interpretations of ‘unintended way’ varied.