New at Bright Union: the cheapest way to secure your DeFi tokens with NXM
Nexus Mutual members can now purchase coverage with 5% discount
Nexus Mutual members take note! The Bright Union platform now enables you to purchase coverage through our app, utilizing NXM as the payment method. Not only does this provide convenience and flexibility for Nexus Mutual members, it also comes with an additional discount of 5%, making Bright Union the most affordable option on the market.
The same cover, the same transaction
Bright Union aims to simplify the insurance process for Nexus Mutual members who are already accustomed to purchasing coverage with NXM. With our seamless integration, you can now opt to pay with NXM within our app, alongside the existing payment options of ETH and Dai. The cover you’ll receive is the same high-quality coverage you would obtain through Nexus Mutual. It’s the same level of protection, the same transaction process, and the same peace of mind — only with Bright Union, it comes at a significantly reduced cost.
Comparing Cover costs
+--------------------+----------------+---------------+
| Cover | Nexus Mutual | Bright Union |
+--------------------+--------------------------------+
| Aave V2 | 271 NXM | 203 NXM |
| Balancer V2. | 56.22 NXM | 52.69 NXM |
| Convex Finance V1 | 91.24 NXM | 85.50 NXM |
| Curve all pools | 62.77 NXM | 58.82 NXM |
| GMX | 389.74 NXM | 365 NXM |
+--------------------+----------------+---------------+
Prices are based on a cover amount of $1M and cover duration of 90 days
(5 June- 3 September)How to Get Started:
Getting started with Bright Union and purchasing coverage with NXM is a simple and straightforward process. Here’s a quick guide to help you navigate through the steps:
- Visit our app, connect with your wallet and select the protocol or custodian you’d like to cover.
- Insert your cover amount and how many days you’d like to insure it.
- Navigate to the cover from Nexus Mutual and choose select.
- At the payment stage, choose NXM as your preferred payment method and enjoy the exclusive 5% discount.
- Confirm the transaction, and voila! You’ve successfully secured your tokens with the same level of protection.
Not a Nexus Mutual member?
Our discounted NXM option is designed specifically for Nexus Mutual members who already hold NXM tokens and regularly pay with them for their covers. Are you not an NXM holder, but you want to buy a discounted Nexus Mutual cover without going through KYC? Check out this article.
Making Defi more accesible for everyone
Bright Union is excited to empower DeFi users with an affordable and convenient solution for purchasing coverage. By introducing this discounted option, we aim to make insurance more accessible, ensuring that you can protect your valuable assets without compromising on quality or trust.
About Bright Union
Bright Union is the world-leading multi-chain decentralized finance cover marketplace. A platform to aggregate and match supply and demand, it also accelerates the industry by providing strongly needed insurance liquidity.
By aggregating & accelerating the entire web3.0 insurance landscape, Bright Union is uniquely placed to offer easy integration to any dApp, wallet, exchange or metaverse and provide their investors an extra layer of trust by offering the best insurance policies on point of need.
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