Pangolin is excited to announce that insurance is now available through Nexus Mutual. Nexus Mutual is a people-powered alternative to insurance and a blockchain based mutual platform.
The Nexus Mutual platform allows users to buy “cover”, or insurance, that protects users against the risks of using smart contracts and DeFi. To purchase cover: users can connect to the Nexus Mutual app, select the product they want to purchase cover for (ex: Pangolin), become a member of the protocol, and purchase cover that will allow users to claim a refund if any funds are lost.
Insurance products like cover from Nexus Mutual are a high priority for certain demographics of investors and DeFi users to feel comfortable using a platform. Pangolin is excited to work with Nexus Mutual to provide insurance for these investors and users.
— Leo Chen, Pangolin Exchange COO
To see the full details of what purchasing cover for Pangolin provides, visit the Nexus Mutual app:
About Nexus Mutual
Nexus Mutual uses the power of block chains so people can share risk together without the need for an insurance company. Secure risk and potential bugs in smart contract code. Be covered for events like The DAO hack or Parity multi-sig wallet issues.
About Pangolin Exchange
Pangolin Exchange is a top decentralized exchange (DEX) on the Avalanche Network that provides the best DEX experience through deep liquidity, easy swaps, advanced tooling, and smooth onboarding. Pangolin brings you the best trading opportunities to find and maximize your yield.