Welcoming Nexus Mutual as an Official Magnus Partner

Onchain security is still too reactive — fragmented across tools, dependent on manual processes, and slow to respond to live threats. Magnus is here to change that, with a unified, intelligent SecOps command center built for web3.

Today, we’re excited to announce Nexus Mutual as the latest official partner joining Immunefi’s Magnus platform. This partnership marks a major step toward a unified, always-on defense system for decentralized protocols, embedding decentralized risk-sharing directly into your security response loop.

“Immunefi has been a driving force in helping make web3 a safer space to build in. This aligns perfectly with our mission at Nexus Mutual, so it was only natural that we would work together,” said Hugh Karp, Founder of Nexus Mutual. “By integrating Nexus Mutual cover directly into Magnus, Immunefi has once again leveled up security options for Web3 builders.”

Bringing Decentralized Cover to Magnus 

Nexus Mutual is the leading decentralized cover provider, enabling web3 users to share and underwrite risk entirely onchain. 

Built as a member-powered mutual, users stake NXM tokens into underwriting pools, backing a suite of cover products that operate with full transparency:

• Protocol Cover: Protects against smart contract exploits, oracle failures, liquidation failures, and governance attacks.
• Custody Cover: Shields assets held on centralized exchanges and custodial services.
• Slashing Cover: Secures Ethereum validators against missed attestations or double-signing penalties.
• Onchain Claims Assessment: Community-driven process where assessors who stake NXM review, vote on and settle claims, ensuring fairness and 100% payout of valid claims.

Nexus Mutual brings decentralized, community-assessed cover into Magnus — enabling real-time protection, claims handling, and capital assurance as part of your automated threat response.

Nexus Mutual’s Track Record 

Nexus Mutual has a demonstrated track record of protecting the web3 ecosystem at scale:

• $18M+ in claims paid to users impacted by real exploits and protocol failures.
• 100% of valid claims honored, governed transparently onchain.
• $5.8B underwritten to date across major protocols, exchanges, and validator services.

Nexus Mutual isn’t theoretical — it’s delivering real payouts and building trust through transparent governance and onchain risk management.

What This Partnership Means for Magnus

Integrating Nexus Mutual into the Magnus platform supercharges your security operations with embedded risk transfer:

• Embedded Cover Access: Buy, manage, and monitor Nexus Mutual cover directly from the Magnus dashboard.
• Risk-Informed Underwriting Support: Pool managers will be able to leverage the data in Magnus to inform and optimise underwriting frameworks.
• One Unified Platform: Protocols gain threat detection, automated mitigation, and decentralized cover — all from a single command center.

With Nexus Mutual embedded into Magnus, you move beyond detecting and blocking threats — you can proactively offset risk and accelerate recovery.

Join the Future of Onchain Security Today 

This partnership sets a new standard for decentralized security: collaborative, automated, and capital-efficient. By weaving onchain risk protection and claims directly into security operations, we’re transforming defense into a holistic strategy.

We invite all protocols to join the Magnus early access program and experience integrated threat detection and decentralized cover in one platform. The future of web3 security is holistic and collective — and with Nexus Mutual and Magnus, it’s already here.

If you want to be a part of the journey and join us at the forefront of web3 security, sign up for early access to Magnus now.