I propose to deploy Insurance for Frax’s and cvxfxs contracts on Nexus Mutual (https://app.nexusmutual.io/staking/new/add-projects)
Would increase confidence among users and market participants and help the project grow.
you will need to see convex for cvxFXS contracts as its not something we built.
What about the Frax contracts? Tokens, staking, AMOs etc.
i dont think NEXUS has the funds to fully insure the AMO’s
For context, I reached out to Nexus when Frax launched to inquire about them providing coverage and did not get much of a response. Frax was able to provide some insurance options but there was tepid demand. If Nexus wants to provide coverage, that’s cool, but I don’t think it makes sense for Frax to subsidize or incentivize it.