Ethereum Mutual Insurance Nexus Mutual provides insurance services for Opyn

According to the data on the chain, Ethereum-based mutual insurance platform Nexus Mutual has provided users with pledge funds of nearly US $ 70,000 for the on-chain put option platform Opyn for the first time. The pledge deadline is December 26. Subsequently, a user purchased a one-month insurance for Opyn in Nexus Mutual, the insurance amount is 25,000 US dollars. It is worth noting that the put option provided by Opyn can also be used as an insurance for the decline in the price of Ethereum or cDAI, adding protection to Opyn in Nexus Mutual, which is equivalent to providing reinsurance business for Nexus Mutual.