Smart contract insurance platform Nexus Mutual has revealed that it expects to take a significant loss on its investment in a Maple Finance Credit Pool.
It was also revealed that the smart contract auditing platform Sherlock would also be taking a considerable hit.
A Sizable Loss
Nexus Mutual has stated that it is expecting a significant loss on its investment in a Maple Finance credit pool. Nexus revealed the loss in a statement released on Monday, where the platform warned of a potential loss of around 2461 ETH, worth around $3 million, resulting from Orthogonal trading’s recent default to Maple.
Nexus is a peer-to-peer, risk-sharing protocol that offers alternatives to insurance against risks such as DAO hacks and smart contract bugs in decentralized finance governed by NXM token holders. Nexus had, back in August, deposited 15,463 ETH, worth around $19.3 million at current prices, into a wrapped ETH (wETH) credit pool on Maple Finance, prompting some observers to speculat
We współpracy z: https://cryptodaily.co.uk/2022/12/nexus-mutual-expects-significant-loss-from-maple-credit-pool
