Citadel.one partners Nexus Mutual
Tags: Fintech, Insurance, Cryptocurrency, Nexus Mutual, Cryptocurrency Investment

To all DeFi communities as well as Citadel.one and Nexus Mutual users!

We are excited to announce that Citadel.one and Nexus Mutual have teamed up to research decentralized finance and will be working together on one of the most advanced DeFi digests in the field: DeFi Recap.

Together with Nexus Mutual we will be covering Derivatives. This financial sector has evolved for centuries to become one of the most popular financial tools. Follow our updates to keep up with most important governance votes, discussions, and incentives of one of the most rapidly developing DeFi fields. The general market overview, selected metrics, it’s all about our DeFi Recap.

Check our previous report:

DeFi Recap: Lending

About Nexus Mutual

Nexus Mutual uses blockchain technology to bring the mutual ethos back to insurance by creating aligned incentives through smart contract code on the Ethereum blockchain. The organization is run entirely by its members. Only members can decide which claims are valid. All member decisions are recorded and enforced by smart contracts on the Ethereum public blockchain. When joining the mutual you become a legal member of a UK company. Your membership rights will be backed by legal agreements. All members will have legal rights to the pool of funds.

Risk assessors (members who stake) stake NXM to show they think a contract is secure which then enables other members to purchase cover. Cover can be purchased on smart contracts and custodians. Risk assessors earn rewards for staking and get burned if there is a successful claim on the smart contract. Smart contract cover protects against bugs and hacks in the smart contract code. Custody cover protects against hacks where the user loses more than 10% of their funds, or if withdrawals from the custodian are halted for more than 90 days.

About Citadel.one

Get more from your staking!

Citadel.one is a non-custodial Proof-of-Stake platform for the management and storage of crypto assets. Users can create public addresses for all supported networks with one seed phrase, connect their Ledger or Trezor device, or import an address generated by another wallet.

The analytical dashboard provides relevant information on wallets’ balances and networks’ main metrics. In Citadel.one, we standardize the semantics, making interactions with the platform as easy as possible. The same goes for network metrics. By using universal terms, we are making it easier for users to understand and compare networks.

One of the main functions of the Citadel.one platform is participation in the PoS consensus — users can stake and delegate their assets, claim rewards, and follow the latest network proposals in the voting tab.

Citadel.one offers its users instant cryptocurrency exchange services that allow fast and secure crypto assets swap. It is also possible to buy and sell crypto with a credit or debit card. Citadel.one users can track rewards, withdrawals, transfers, and deposits across all supported networks and add comments to these transactions.

Among PoS platforms, Citadel.one supports Secret Network ($SCRT), Cosmos ($ATOM), ICON ($ICX), IOST, Orbs, and Tezos ($XTZ). We also support Ethereum, Bitcoin, and Tether ($USDT) for our users’ convenience. Mobile and desktop versions, new networks, including Polkadot and Ontology, are scheduled for the upcoming updates. Furthermore, delving into the idea of true decentralization, we envision Citadel.one a decentralized autonomous organization and a genuinely community-owned platform in the nearest future.