Coverage Solutions Aggregator

The Armor network coverage is underwritten by Nexus Mutual. We will add support for other coverage products in the future as the market matures.

Fully collateralized Coverage

Nexus Mutual has a stringent risk policy with a proven track record and deep capital pool availability to ensure that user funds are always fully collateralized, and the full amount of claims can be paid.

Chain-verified claims process

When a claim is submitted to Armor, it will trigger a review process where withdrawals are limited and governance will investigate and determine whether or not a claimable hack took place.

If a hack has occurred and user funds are affected, then governance may proceed to submit the claim to Nexus Mutual’s claims process.

Armor token holders will also participate in Nexus Mutual’s process for claim approvals and payouts as a proxy mechanism for the NXM delegated to the ArNXM vault.

When a payout is confirmed, they will be received to Armor’s payout treasury then distributed to an airdrop faucet for affected recipients to claim their payout from.