Neptune Mutual

Neptune Mutual has created a marketplace where projects create their own cover pools that use parametric cover to protect user funds from hacks of smart contracts as well as mitigating custody risk of centralized exchanges. 

Neptune Mutual’s parametric cover products provide fast and reliable payouts to policyholders, usually within 8 days of the incident being reported.  Users do not need to submit individual loss claims.  Evaluation of incidents is based on unbiased, on-chain resolution by NPM governance participants.