Nexus Mutual Grants

Robert M.C. Forster of Ease (formerly, ArmorFi) posted a proposal on the forum to seek reimbursement for Risk Assessors who had NXM burned to facilitate Claim 113: a 5,000,000 DAI claim payout. The member who filed Claim 113 provided proof of loss that demonstrated a $1.4m loss, but due to the technical limitations present in Nexus V1, partial payments cannot be made, so the full covered amount was paid out to the member who filed Claim 113.

Robert’s proposal seeks reimbursement for 43,940 wNXM to compensate Risk Assessors affected by this claim payout. There has been discussion on how the Protocol Cover wording (https://nexusmutual.io/pages/ProtocolCoverv1.0.pdf) can be interpreted and if there was the expectation that a partial claim could be made.

After discussion on the forum, the following options were proposed and will be subject to a Snapshot vote:

• Option A: Reimburse affected Risk Assessors 43,490 wNXM
• Option B: Reimburse affected Risk Assessors 22,000 wNXM
• Option C: Do not reimburse Risk Assessors

This proposal has been discussed at length on the forum, and members can refer to the two forum posts for more information when deciding their vote:

1. Proposal: Reimburse Risk Assessors for Undue Loss from Claim 113 (https://forum.nexusmutual.io/t/proposal-reimburse-risk-assessors-for-undue-loss-from-claim-113/854)
2. Update: Reimburse Risk Assessors for Undue Loss from Claim 113 (https://forum.nexusmutual.io/t/update-reimburse-risk-assessors-for-undue-loss-from-claim-113/874)