Mutual (often referred to as Mutual DeFi) is a community-governed protocol built on the Ethereum blockchain that provides a decentralized alternative to insurance. It creates a marketplace for coverage where users can stake capital into "Cover Pools" to underwrite risk and earn yields, while other users can purchase "Cover" to protect their digital assets from specific risks like smart contract hacks, oracle failures, or stablecoin de-pegging events. The protocol's mission is to enhance the security and stability of the broader DeFi ecosystem by allowing users to manage their on-chain risk.

Founded in

United States