One more thing - NXM Updates

Forgot to write about NXM Updates as promised in the title:
NXM Updates

Hugh Karp 🐢 @HughKarp

We've got some solid updates in the works @NexusMutual Current plans in rough order, everything subject to change. 👇

Insurance Protocol NXM has some significant updates in the works. Claims will switch to a “Proof of Loss” system, which Hugh explains will lead to lower prices and better sustainability. The Mutual will be able to invest its float into any ERC20 to increase yield, and MCR will be moved fully on chain.

The full list of updates also includes Stacked Risk Cover, demand base pricing, and changes to the staking model. Read the tweet thread for full details.

Thanks for reading - I promise to proofread better tomorrow!