Immunefi Launches Bug Bounty Cover to Boost Engagement

Immunefi launched Bug Bounty Cover powered by Nexus Mutual, reducing projects' payout shares for critical bugs. Nexus backs cover with $243M capital reserves and offers $25M Native Protocol Cover free. Nexus Mutual underwrites $5B+ cover, with $18M+ claims paid and $107M+ active cover. The product enables predictable bug bounty payouts and attracts elite security researchers to web3 projects.