Growing the Insurance Industry in Crypto Space With Hugh Karp, Founder of Nexus Mutual - Ep. 37

In this episode, Bobby Ong, co-founder of CoinGecko is joined by Hugh Karp, Founder of Nexus Mutual. Bobby interviewed Hugh on the background of Nexus Mutual, insurance in the crypto space, protocols supported by Nexus Mutual, as well as their upcoming plans for Nexus Mutual.

[00:01:20] Intro
[00:01:22] What is Nexus Mutual?
[00:06:46] Why does crypto space need insurance?
[00:14:11] Protocols supported by Nexus Mutual
[00:15:15] Does Nexus Mutual support multi-chain
[00:24:33] Comparison with other insurance providers
[00:26:03] Plans for the decentralization of Nexus Mutual
[00:30:20] Advice on security practices
[00:35:53] Plans for Nexus Mutual in the coming years

Quotes from the episode:

“I believe crypto is building a new economy. And every single economy in the world needs insurance because it allows other people to take risks, to like, you know, there's risks that they can't manage. And so it allows people to take risks and actually build new stuff.” [00:07:00]

“If you buy cover on SushiSwap, you get coverage on any of the seven all sorts chains that it's on, same with Aave and any other multi-chain deployment.” [00:15:51]

“We're looking to redo some of the core mechanics, just really make them DeFi native and have a stake in mechanics. Delegated staking is probably going to be a big one at the core level. ” [00:36:12]

Watch the Podcast on YouTube

Links

Nexus Mutual - https://nexusmutual.io/
CoinGecko - https://www.coingecko.com/
Nexus Mutual (NXM) on CoinGecko - https://www.coingecko.com/en/coins/nexus-mutual

Social Media

Nexus Mutual:
https://twitter.com/NexusMutual
https://t.me/nexusmutual

CoinGecko:
https://twitter.com/coingecko
https://t.me/coingecko