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NMPIP: Bridge Nexus Mutual's Capital to Traditional Markets## Summary  Since its inception, Nexus Mutual has firmly established itself as the original, leading decentralized insurance alternative protocol serving the crypto-native community. As we look toward the future, it’s essential to reflect on the foundation we’ve built, the impact we've had, and QmSiBNU7YLp1XnhFifDRpxsS6dZgEAsgtKJfnRo173gg9e
NMPIP: Reform the Claims Mechanism to Build Trust & Upgrade Governance to Formally Use an Optimistic ModelSince its inception, Nexus Mutual has firmly established itself as the original, leading decentralized insurance alternative protocol serving the crypto-native community. As we look toward the future, it’s essential to reflect on the foundation we’ve built, the impact we've had, and the bold steps aQmPXn4dsU7iUfB4ziEPeGpkvBZQ7gcyounCMYPSmoRg96o
NMPIP: Redirect RAMM Value to Stakers to Increase NXM Staking and TVLSince its inception, Nexus Mutual has firmly established itself as the original, leading decentralized insurance alternative protocol serving the crypto-native community. As we look toward the future, it’s essential to reflect on the foundation we’ve built, the impact we've had, and the bold steps aQmYJ73HxsQNs9M8chaKkje22uZcD4nnaHuBeDmGY8M7wur
NMPIP: Reform the Claims Mechanism to Build Trust & Upgrade Governance to Formally Use an Optimistic ModelSince its inception, Nexus Mutual has firmly established itself as the original, leading decentralized insurance alternative protocol serving the crypto-native community. As we look toward the future, it’s essential to reflect on the foundation we’ve built, the impact we've had, and the bold steps aQmeXgj2wuxnkYwTgNwWammFi7N2C68tPKpVr1qD4sHNkVT
Upgrade Ramm and Cover contracts - CORRECTEDThe full changes included in this upgrade can be found in release v2.12.4 in the smart contract repo https://github.com/NexusMutual/smart-contracts/releases/tag/v2.12.4 Contracts to be upgraded: Ramm.sol (RA), Cover.sol(CO)QmccpCD31vKNArFc5qPBx4RMec6QV5xbQYUEsFj282GPNo
Decrease rETH limits to 7250 and 7320Proposal to decrease the rETH max and min limit to allow swapping to ETH as per the Divestment Framework.QmRSZ5u46S2fDKtd3g8qYHrjKmcsYzLhYXtYZFRmj3fHJQ
Upgrade Ramm and Cover contractsThe full changes included in this upgrade can be found in release v2.12.4 in the smart contract repo https://github.com/NexusMutual/smart-contracts/releases/tag/v2.12.4 Contracts to be upgraded: Ramm.sol (RA), Cover.sol(CO)QmamRko7zc9TQrU32uKN2Z8kLbSzcAavDRuxfPbm9h7rrX
Decrease rETH limits to 11070 and 11000Proposal to decrease the rETH max and min limit to allow swapping to ETH as per the Divestment Framework.QmZ5sByPuvUyJTVZgx8we2MyMEqad7D9LtJVbY927RsUYq
Decrease stETH limits to 13450 and 10000Proposal to decrease the stETH max and min limit to allow swapping to ETH as per the Divestment Framework.QmPe4ZJkttQBBzC3HS3Pj35CykUXRe1sdohTfLBcehV6BU
Limit Orders fixThe full changes included in this upgrade can be found in release v2.12.2 in the smart contract repo https://github.com/NexusMutual/smart-contracts/releases/tag/v2.12.2 Contracts to be upgraded: Cover.sol (CO), CoverProducts.sol (CP), LimitOrders.sol(LO)QmWWiW7KBwjgoBJFDthroh8PWwyz4jqUYFzMjNFuzd9HKf
Limit Orders releaseThe full changes included in this upgrade can be found in release v2.12.0 in the smart contract repo https://github.com/NexusMutual/smart-contracts/releases/tag/v2.12.0 Contracts to be deployed: LimitOrders.sol (LO)QmTNoU7o56Jz2i668pmjHV8VuR1kPbrocaw32cL2yU9XNW
Remove Legacy ContractsThe full changes included in this upgrade can be found in release v2.12.0 in the smart contract repo https://github.com/NexusMutual/smart-contracts/releases/tag/v2.12.0 Contracts to be removed: PooledStaking.sol (PS), Gateway.sol (GW), CoverMigrator.sol (CL), YieldTokenIncidents.sol (CG)QmddRS3cVN1vfgcX8pVMFX26gDrjB9AB2u9AcQ2Dabqxz2
Cover Edits ReleaseThe full changes included in this upgrade can be found in release v2.12.0 in the smart contract repo https://github.com/NexusMutual/smart-contracts/releases/tag/v2.12.0 Contracts to be upgraded: Assessment.sol (AS), IndividualClaims.sol(CI), Cover.sol (CO), CoverProducts.sol (CP), StakingProducts.sol(SP), TokenController.sol (TC), MemberRoles.sol (MR)QmSdAZWoaTZiXPxb3dVBtkvQwxJ9hEte9dmM4BSudxaQGM
NMPIP: Stake Kiln ETH in Enzyme Vault on ether.fiSummary ether.fi proposes staking 6,784 ETH on the Enzyme Vault in weETH. This investment will undergo semi-annual reviews, including consultations with the ether.fi team to discuss updates, developments, concerns, and additional staking opportunities.  ether.fi is the largest liquid restaking QmcNKRsSdwHPfUoA4A5mFL8ssv4fHMPh1BjpgR21uC6ose
Decrease stETH limits to 17260 and 10000Proposal to decrease the stETH max and min limit to allow swapping to ETH as per the Divestment Framework.QmX8t9izwDWfKLncvLcwvS4CNoU9WPJmN1zowaKUPrnLFj
Decrease stETH minimum limit to 23,500-REOPENEDProposal to decrease the stETH max limit to allow swapping to ETH as per the Divestment Framework.QmQRdwTDdjgVg1Mfp8rgr1EDpeXWbrcxwFzv5e9emUPXe1
Decrease stETH minimum limit to 23,500Proposal to decrease the stETH max limit to allow swapping to ETH as per the Divestment Framework.QmbHttc7YYrbFuovhpSejTuNUqyNPK8hzchQAGxbzw6SBc
NMPIP: Repay Aave Loan Once ETH Reaches $4500NMPIP: Repay Aave Loan Once ETH Reaches $4500 After members voted to approve NMPIP 212 and granted the Advisory Board the power to enter into the Cover Re deal, the Mutual deposited 9,340 ETH into Aave v3 as collateral in the Ethereum mainnet market and took out a loan against this collateral for 6QmXGrH6vYfyyfGfrcDMGZhtmSXr34bEqVApnqxmmbcD4zs
Pricing parameters adjustmentThe full changes included in this upgrade can be found in release v2.11.0 in the smart contract repo https://github.com/NexusMutual/smart-contracts/releases/tag/v2.11.0 Contracts to be upgraded: StakingProducts.sol (SP), Cover.sol (CO), CoverProducts.sol (CP), , IndividualClaims.sol (CI)QmexBEGvdjdGqsexs3hGXyaTFqKUCKDpPjhUGYRP9p9xwK
NMPIP: Protocol Pricing Parameter Adjustments, FeaturesOverview During the Nexus Mutual team offsite, we established the engineering priorities for Q4 2024 that include adjustments to certain pricing parameters and added functionality for fixed-price public listings.These adjustments and added functionality are related to new product types the team is Qme12FYfX54ePxRBT9hwhZaa7iCvqk5yVfhnoXA2nxiGqp
Upgrade PriceFeedOracleThe full changes included in this upgrade can be found in release v2.10.0 in the smart contract repo https://github.com/NexusMutual/smart-contracts/releases/tag/v2.10.0 Contracts to be upgraded: PriceFeedOracle.solQmYjvSC7vrg2zA9xXrB2XMEBj2YcQGbTToudR9saeF75YB
Edit Category 42: Add Asset to PoolUpdate the category settings to allow proposals opened under this category to be voted only by Advisory Board and not by the MembersQmV7LCte3NkfdK84wvRzYBS2sE3feNBTu9MwnrxksbpNTa
Onboard cbBTC as a Capital Pool AssetOnboard cbBTC as a Capital Pool asset and grant the Advisory Board the power to complete the three (3) stages of onboarding, as outlined in the proposal. On 12 September 2024, Coinbase launched Coinbase Wrapped BTC (cbBTC), a BTC derivative that is backed 1-to-1 with BTC held in custody by CoinbaseQmePH1rzK9doWPjjzGgG6KracKszXotkwSTsU1afhfNuwS
Offboard DAI as a Capital Pool AssetOverview BraveNewDeFi has proposed that Nexus Mutual members vote to offboard DAI as a Capital Pool asset and grant the Advisory Board the power to complete the four (4) stages of offboarding outlined in the proposal. On 18 September, MakerDAO rebranded to Sky Money and launched their new stablecoQmTFqPmBqJBhiEoT3oxTPFBBCKzjaFpe6hF9sXhJRc6qrf
Approve the Addition of Delegated Claims for Select Product TypesApprove the development of Delegated Claims functionaility and grant power to the Advisory Board to deploy Delegated Claims functionaility once testing and audits have been complete. Overview The Foundation and DAO teams have been prioritizing growth in cover sales and onboarding new syndicates (iQmPrLG4ab8mnJzj1gDYiewDgP3KJwkf2dzVgsjAtDdGhax
SwapOperator long term limit order: Upgrade existing internal contracts: P1Extend the max period for SwapOperator limit orders. The full changes included in this upgrade can be found in release v2.9.0 in the smart contract repo https://github.com/NexusMutual/smart-contracts/releases/tag/v2.9.0QmU6nu5r7gQQh9uaVVBK341deUmSsAWFP7yLhYxfxnzYfU
Bugfix and batch NXM withdrawalsThe full changes included in this upgrade can be found in release v2.8.0 in the smart contract repo https://github.com/NexusMutual/smart-contracts/releases/tag/v2.8.0QmWUVXcCvgKtVUXZ6dwckZ31KVxjamNKh8LzqvSSfd1Jk9
Nominating a New Advisory Board Member—Lee McClellandSummary I'm raising a proposal to replace a member of the Advisory Board---Nick Munoz-McDonald. Nick has been an invaluable Advisory Board member since Nexus Mutual went live in 2019. However, he is ready to pursue commitments outside of Nexus Mutual. I've been working for Nexus Mutual for the laQmXDLLMbnMtDH6Hiog2TeRVy6PwXqupnepY5UhREnTJsQb
Decrease stETH maximum limit to 28,000Proposal to decrease the stETH max limit to allow swapping to ETH as per the Divestment Framework.QmQFXYrQTCt2PcGw1YmPj5GBLm6jSC8f9NCc6Qw427H7HB
2/2 Cover Products: Upgrade existing internal contracts: CO, CI, CG, SPCover.sol is very close to the size limit and this prevents us from adding extra functionality or fixing bugs. We have decided to solve this problem by splitting `Cover.sol` it into two separate contractsQmWJDRhXifinhRRwA34tyjzo1jx1dEwjtHbEfpGg99hDkU
1/2 Cover Products: Add new internal contract - CPCover.sol is very close to the size limit and this prevents us from adding extra functionality or fixing bugs.QmTvuTo9pmxbDdvRK1HHu7BuxuuxCFy8df7TU27WQiph2b
1/2 Release Cover ProductsCover.sol is very close to the size limit and this prevents us from adding extra functionality or fixing bugs. We need to refactor the code to make it more modular and easier to maintainQmZAq4cLU6Y5nk3wbLLacgduTH4S8yJJ4XrziFZBZcswCq
Allocate 6575 ETH to Chorus One and EtherfiOverview The DAO Investment Committee is proposing that members approve an investment allocation of 6575 ETH from the Nexus Mutual Treasury Yield Vault ("NXMTY") into ETH staking strategies using using Chorus One as an operator via Stakewise V3, as well as Etherfi. This proposal is a follow-up to QmY5iA4thkQPgqS4b4pdJTYckRH7JDnNKoxp8qXM9UAd5S
Aave V3 Loan Repayment and Liquidation Policy## Overview The DAO Investment Committee proposes that members should vote to allow the Advisory Board (“AB”) (also known as Foundation Council), as supported by the Foundation Engineering team, to take the actions described below in respect of the current Aave V3 USDC loan without further governanQmecJ9KWp8VvmG62j4VSdGp3msnKcRato5FEoJ95uMXfAQ
Edit Category 4: Edit CategoryUpdate the category settings to make it consistent with other categories that require an AB fallback of 3/5.QmZ2wvQioMcCKpKbQ81So7SXuYxkWAhdVfacn4mfzRkM2m
Divestment Framework (NMPIP 224)Overview As per NMPIP 224, https://forum.nexusmutual.io/t/nmpip-224-divestment-framework/1459 the Investment Committee proposes a framework for keeping a target amount of “cash” assets in the Capital Pool, totalling 1m in stablecoins and 12,500 ETH. We propose delegating the ability to convert QmRAzSaxhq8zhZvLJu1V7cxd998sKeRmbQEfugK9r3VyVz
Bug fixesThe full changes included in this upgrade can be found in release v2.6.2 in the smart contract repo https://github.com/NexusMutual/smart-contracts/releases/tag/v2.6.2. Contract to be upgraded: Cover.sol (CO)QmVKyndoUwZU9oZay4bGExAN9mMJdCTggWzZvD7STxSfvN
Add USDC as an asset within the Capital PoolOverview Since 2019, Nexus Mutual has held two (2) assets in the Capital Pool: ETH and DAI. In the last five (5) years, more stablecoins have emerged and more members have requested the option to buy covers denominated in USDC. In order to whitelist USDC as an asset within the Capital Pool, it mustQmRZ5kMZaYww1Gdc2dn9nHznBNCRpRDDSQCgStWmrbZ9bo
Edit Category 42: Add Asset to PoolUpdate the category settings to allow proposals opened under this category to be voted by All Members, not just the Advisory Board.QmR1Zzbq1KYTjxgN5Sj32RsTZkE7jXrjnpmEPTHTGAZ26q
Cover Re Investment Implementation - 4/4Proposal 4/4 to implement https://app.nexusmutual.io/governance/view?proposalId=212. Add new asset in the capital pool to virtually track the assets held in the AB Gnosis Safe Multisig. The full changes included in this update can be found in release v2.6.0 in the smart contracts repo: https://gitQmcKHYzYZNTBgr8zEFfMwYZJsZxDpJ2nkG7qD6nYeFUTca
Cover Re Investment Implementation - 3/4Proposal 3/4 to implement https://app.nexusmutual.io/governance/view?proposalId=212. Update the `PRC_FEED` parameter in Pool.sol to point to the new PriceFeedOracle.sol contract. The full changes included in this update can be found in release v2.6.0 in the smart contracts repo: https://github.comQmVgsHmSJrgqE89zQq3nA2oSgzL32syWdDqr84y7MnJFqJ
Cover Re Investment Implementation - 2/4Proposal 2/4 to implement https://app.nexusmutual.io/governance/view?proposalId=212. Update the SWP_OP parameter in Pool.sol to point to the new SwapOperator.sol contract. The full changes included in this update can be found in release v2.6.0 in the smart contracts repo: https://github.com/NexusMQmPaeBrRKE6ZRyqqDxne1RxYBBqYaPZ61AJ8dnsaiRrmEm
Cover Re Investment Implementation - 1/4Proposal 1/4 to implement https://app.nexusmutual.io/governance/view?proposalId=212. Add a new internal contract SafeTracker.sol to account for assets in the AB Gnosis Safe Multisig. The full changes included in this update can be found in release v2.6.0 in the smart contracts repo: https://githubQmUKGbtzW69JY9LPzzQkkEBTdEr98DnqkWz3bJJZaD1Z4E
Finalize the Cowswap integrationAdd support for swapping any asset to any other asset in the capital pool. The full changes included in this upgrade can be found in release v2.5.0 in the smart contracts repo: https://github.com/NexusMutual/smart-contracts/releases/tag/v2.5.0. Contracts to be upgraded: SwapOperator.solQmWjSUcgkhM28S2VrC3scogWs6B5c3CEyuptNqSnkm1Pd8
Bug fixes and enhancementsThe full changes included in this upgrade can be found in release v2.5.0 in the smart contracts repo: https://github.com/NexusMutual/smart-contracts/releases/tag/v2.5.0. Contracts to be upgraded: Assessment.sol (AS), Cover.sol (CO), StakingPool.sol, MemberRoles.sol (MR).QmW5QxShu3cFcYdsVJvc4MbJyN8Miafw2kpPNeo7qyPXNR
Edit Category 29: Release new smart contract codeUpdate the category settings to allow proposals opened under this category to be voted by the Advisory Board.QmdpbKFqp2ffZrXoWjhH6mJ9x5rg4Jbk72ro8wcZcBFe5d
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