# 31 - Nexus Mutual to Billions | Hugh Karp

*Author: Ryan Sean Adams*
*Published: Sep 21, 2020*
*Source: https://www.bankless.com/fr/nexus-mutual-to-billions-hugh-karp*

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Hugh Karp is the founder of Nexus Mutual, a DeFi insurance protocol

Nexus Mutual has $80M ETH covering over $240M worth of DeFi insurance, up from $8M last July. Nexus has paid out millions in insurance claims to previous DeFi hacks, and is one of the fastest-growing protocols in DeFi.

Hugh comes from the world of insurance and worked as an actuary before moving into crypto. He brings his real-world insurance knowledge to the DeFi universe through Nexus Mutual, a reconstruction of real-world insurance mechanisms, but built on Ethereum.

Join us as we go through the history of Nexus Mutual, the NXM token, and the future road map with founder Hugh Karp!

### TOPICS
1) Current state of DeFi insurance / safety
2) Benefits of smart-contract based insurance
3) Quick history of insurance 
4) Building Nexus
5) Integrating NXM
6) NXM Bonding Curve
7) Future vision of Nexus

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### RESOURCES
- [Nexus Metrics Tracker](https://nexustracker.io/)
- [DeFi Dad Explainer Video](https://www.youtube.com/watch?v=rnzInsKPLR0)