Neptune mutual follows a parametric insurance model, meaning it provides payout on the basis of parameters instead of individual claim assessments. Upon the resolution of an incident, all the policyholders of the affected protocol will receive the payouts. Neptune Mutual eliminates individual claim assessments which makes policy easy to claim, faster, and much more reliable.
Neptune Mutual protects the Ethereum community from hacks and exploits through its unique parametric DeFi insurance marketplace.
NPM token is primarily used for governing the reporting and resolution system via voting. To support Neptune Mutual’s security, democratization and developments, NPM holders will be able to submit proposals for product enhancements, disapprove questionable cover creations, and approve of any major changes to the protocol
