Information about the mutual's on-chain financial statements and current investment holdings.
6 May 2021 | Nexus Investment posted a proposal on the forum to discuss staking 15,000 ETH in Lido Finance to turn a portion of the capital pool into productive assets. After the community discussed this proposal, the proposal was put to a formal governance vote.
17 September 2021 | Nexus Investment posted a proposal to increase the allocation of Nexus Mutual’s capital pool to stETH from the then 15,248 stETH held in the capital pool to 30,000 stETH, representing 18.5% of the total capital pool.
4 May 2022 | Nexus Investment posted a proposal on the forum to review and evalutate allocating 15,348 ETH to the Maven 11 wETH lending pool on Maple Finance. This proposal outlined the rationale for lending wETH to Maple Finance, Maven 11's underwriting process and due diligence, the potential risks and rewards of allocating wETH to Maple, and the technical requirements for the deployment of capital.
After the community discussed this proposal and the technical requirements were fulfilled, the proposal was put to a formal governance vote.
After depositing ETH from the capital pool in our Enzyme vault, the mutual received Nexus Mutual 15,348 Treasury Yield (NXMTY) tokens that represent the ETH held and managed through our vault. The mutual is using Chainlink Proof of Reserve to track the price per share of our NXMTY tokens.
Lido Finance has a Reward History tool that anyone can use to see how many stETH have been earned from their staked ETH. You can enter the mutual's capital pool address into the Rewards History tool to see the total earnings from the stETH held in the capital pool.
Enzyme Finance has a dashboard that tracks our deposit in Maple Finance and provides transparent reporting on our deposit, movement/deployment of funds through our vault, and our earnings over time.
The multi-sig signers will sign off on, but do not decide, which proposals pass and do not pass. They will enact the will of the wider Nexus community who can vote with their NXM.
The DAO treasury is used for community grants and paying Nexus Hub contributors.
You can review the Nexus Mutual Treasury:
The Nexus Hub model was originally developed in 2021, and the hub model was restructured in August 2022. This restructuring proposal outlined the respective mission, priorities, teams, budget, and multi-sig signers for each of the existing hubs: Nexus Communications and Nexus Investment.
Each community hub submits funding requests, which must be approved through Snapshot governance. If the funding requests are approved, then funding is distributed to each hub's multi-sig, where it is then used to pay salaries and operational expenses.
Below, you can find the multi-sig detials for each hub.
The Nexus Investment Gnosis Safe is managed by three (3) signers, who were approved by the community through a Snapshot vote:
The Nexus Community Gnosis Safe is managed by three (3) signers, who were approved by the community through a Snapshot vote:
In addition to the indispensable dashboard above, there are other tools mutual members can use to track key metrics for Nexus Mutual: