# Insurance on Nexus

**URL:** <https://gov.frax.finance/t/insurance-on-nexus/812>\
**Category:** Miscellaneous\
**Created:** [February 28, 2022, 10:18pm UTC](https://gov.frax.finance/t/insurance-on-nexus/812 "2022-02-28T22:18:52Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![Jony](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/jony/32/41_2.png) [@Jony](https://gov.frax.finance/u/Jony)\
**Post date:** [February 28, 2022, 10:18pm UTC](https://gov.frax.finance/t/insurance-on-nexus/812/1 "2022-02-28T22:18:52Z")

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I propose to deploy Insurance for Frax’s and cvxfxs contracts on Nexus Mutual ([https://app.nexusmutual.io/staking/new/add-projects](https://app.nexusmutual.io/staking/new/add-projects))

Would increase confidence among users and market participants and help the project grow.

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**Author:** ![sparkes25](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/sparkes25/32/392_2.png) [@sparkes25](https://gov.frax.finance/u/sparkes25)\
**Post date:** [March 3, 2022, 7:19pm UTC](https://gov.frax.finance/t/insurance-on-nexus/812/2 "2022-03-03T19:19:31Z")

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you will need to see convex for cvxFXS contracts as its not something we built.

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**Author:** ![Jony](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/jony/32/41_2.png) [@Jony](https://gov.frax.finance/u/Jony)\
**Post date:** [March 5, 2022, 5:43pm UTC](https://gov.frax.finance/t/insurance-on-nexus/812/3 "2022-03-05T17:43:55Z")

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What about the Frax contracts? Tokens, staking, AMOs etc.

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**Author:** ![sparkes25](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/sparkes25/32/392_2.png) [@sparkes25](https://gov.frax.finance/u/sparkes25)\
**Post date:** [March 7, 2022, 2:58pm UTC](https://gov.frax.finance/t/insurance-on-nexus/812/4 "2022-03-07T14:58:15Z")

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i dont think NEXUS has the funds to fully insure the AMO’s

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**Author:** ![hameed](https://avatars.discourse-cdn.com/v4/letter/h/f17d59/32.png) [@hameed](https://gov.frax.finance/u/hameed)\
**Post date:** [March 7, 2022, 5:26pm UTC](https://gov.frax.finance/t/insurance-on-nexus/812/5 "2022-03-07T17:26:27Z")

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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.