Nexus Mutual Cover
Security and peace of mind are paramount when managing your portfolio. That’s why we’ve integrated Nexus Mutual cover protection into our core experience—making Brava one of the first stablecoin management platforms to provide complete end-to-end cover for all strategies. This integration helps safeguard assets allocated through Brava’s strategies against potential smart contract vulnerabilities, offering reduced risk exposure while optimizing stablecoin yields.
What is Nexus Mutual?
Nexus Mutual is a leading decentralized protection protocol in DeFi, designed explicitly for blockchain applications. Through a community-driven capital pool, it offers cover against smart contract risks and other DeFi-related vulnerabilities.
Key features of Nexus Mutual include:
Protocol-specific cover for top DeFi platforms
Decentralized risk assessment carried out by community members
Proven claims process with a track record of successful payouts
Transparent terms backed by clear documentation
Brava’s Protection Integration
A core part of Brava’s platform is our fully integrated cover offering via Nexus Mutual. When you deposit stablecoins into any Brava strategy, your assets automatically receive cover protection. This cover is optional—if you want to maximize yield by taking on more risk, you can deactivate it.
Protection Coverage Tiers
Brava strategies align with three different Nexus Mutual coverage tiers, each tailored to distinct risk profiles:
Conservative Yield
Low
Entry Cover
Balanced Yield
Medium
Essential Cover
Advanced Yield
High
Elite Cover
How Protection Works with Brava
Automatic Coverage: Protection is embedded in each strategy, activating when you deposit funds.
Full Protocol Coverage: Every protocol utilized within Brava strategies is covered under the relevant Nexus Mutual tier.
Continuous Monitoring: Our risk management system verifies cover status to ensure ongoing protection.
Dynamic Rebalancing: Brava automatically rebalances to maintain coverage if a protocol loses Nexus Mutual coverage.
Protection Verification
Verifying your active cover is simple within the Brava platform:
Go to the Portfolio section.
Review active cover policies, including coverage amounts and terms.
Check coverage expiration dates.
How to Claim via Nexus Mutual
Navigate to the Nexus Mutual Claims Portal
In a separate window, navigate and add your Brava deployed Safe wallet into the Safe UI
On the Nexus Mutual Claims Portal, connect via 'Wallet Connect' to your Brava Safe
Once connected, if not already, click to become a member of Nexus Mutual - a prerequisite to creating a claim for one of your covers.
You can now submit a claim via the Claims Portal 'Your Covers' table. You can read more about the process on the official Nexus Mutual documentation.
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