DeFi Insurance Protocol Based on Parametric Insurance Model

Simplifying Decentralized Insurance

Watch out our 5-minute video to learn more about how Neptune Mutual contributes to the decentralized insurance industry.

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Meet Our Team

We are a global and dynamic team with a mission to create a reliable, fast, and effective platform that protects digital assets.

Binod Nirvan

CEO & Founder

Edward Ryall

Co-Founder

Gillian Wu

Co-Founder

Gilbert NG

Chief Legal Officer

Hans Koning

Blockchain Advisor

Flashburst

Blockchain Engineer

Mark Garcia

Design Lead

Paul Steven Cue

Senior Graphic Designer

Rupak Acharya

Frontend Engineer

Ali

Senior Graphic Designer

Ezekiel Arifalo

Content Strategist

Brando

Growth

Pukar Acharya

Research Analyst

Binita Thapa

Finance Analyst

Sujita Gurung

Administrative Officer

Jonalyn Delos Santos

Technical Recruiter

Rudolf

Blockchain Engineer

Roadmap
Follow Our Story. Join Our Community.

Our roadmap for growing the Neptune Mutual Ecosystem.

The Idea

Blockchain-based covers have a low claims-to-payout ratio. Existing cover products are unscalable, discretionary, and discriminatory. Smart contract audits do not guarantee security. Attacks on exchanges, metaverses, DApps, and DeFi protocols are increasing and getting more sophisticated.

Observing a need in the market for a solid parametric DeFi insurance solution, we decided to launch Neptune Mutual.

Product Design

We designed the protocol with these four key principles:

  • Security
  • Minimizing risk
  • Scalability
  • User Experience (UX)

Product MVP

The Neptune Mutual MVP was developed and deployed on a number of blockchain testnets, including but not limited to Ropsten, Kovan, BSC Testnet, Mumbai, and Fuji.

Cover SDK Beta

Check out the Cover SDK source code on the Neptune Mutual Github repository. Read the SDK documentation to find out how to get access to cover feature on your own frontend app or backend API. Built on Typescript, developers can use the SDK in both frontend and backend environments using any popular framework. The SDK is also available as an NPM package.

npm install @neptunemutual/sdk

Incorporation & Legal

In September 2021, we incorporated legal entities to support the fundraising, development, recruitment, expansion, and operational demand of the Neptune Mutual protocol.

Fundraising & Team Building

Neptune Mutual successfully closed its Seed Round backed by industry leaders including Fenbushi and Coinbase Ventures. Soon after, Animoca Brands led the subsequent investment round and has been joined by an impressive list of investors.

Neptune Mutual has swiftly expanded from three co-founders to a workforce of over 25 people located in locations all over the globe.

Protocol Testnet Launch

The Neptune Mutual protocol launches on a couple of test networks like Ropsten and Mumbai testnet. Community members participate in the protocol by becoming cover purchasers, liquidity providers, and consensus witnesses. We develop Neptune Mutual faucet to provide users with testnet DAI and NPM tokens.

View Faucet / View Testnet

Blocksec Protocol Audit

When it comes to the validation and auditing of smart contracts, Blocksec is a well-known brand name. We entered into a contract with them to have them perform, over the period of almost two months, a full security review of the smart contracts that serve as the foundation of the Neptune Mutual protocol.

View Audit Reports

SDK Audit & Launch

Neptune Mutual SDK undergoes a strict internal security audit before it gets released as an NPM module.

Furthermore, the app, Github, hosting, CI/CD pipelines, DNS, HTTP security, and more is thoroughly audited as well. A proper cyber hygiene is implemented across the team and organization.

View on npmjs.com

Cyraacs SDK Audit

The Cyraacs team was brought on board to perform security audit of the Neptune Mutual Typescript SDK.

View Audit Reports

Diversified Pools (v2)

We rolled up our sleeves and completed the diversified insurance pool feature that was initially scheduled to be released in 2023 as version 2.

With this upgrade, cover pools can now be integrated into numerous baskets for enhanced capital efficiency and increased returns for liquidity providers. Due to the leverage element, diversified pools, unlike dedicated pools, do not have 1:1 liquidity.

View Testnet

Open Zeppelin Audit

We have always prioritized security from the beginning. We studied a number of audit firms, their adoption, and track records when looking for a new smart contract audit partner. The contribution of OpenZeppelin to open source has helped the whole Ethereum community, and their support paves the way for a more secure DeFi industry. We chose OpenZeppelin because of their track record, outstanding reputation, and commitment to the Ethereum ecosystem.

View Audit Reports

Cyraacs Pentest

Following the end of our Typescript SDK audit with Cyraacs, we contacted them to obtain grey-box and black-box penetration testing service on publicly-hosted instances of our frontend application and API backends.

View Audit Reports

Marketplace Launch

The Neptune Mutual protocol was launched on the Ethereum mainnet after the completion of an extensive internal security audit.

View Marketplace

Prime dApps Diversified Insurance Cover

Neptune Mutual announces "Prime dApps," a diversified cover pool that includes industry-leading DeFi protocols such as Uniswap, Aave, Balancer, Curve, Gnosis Safe, MakerDAO, and Synthetix.

View Prime dApps

Discount Coupons

Neptune Mutual announced a discount coupon feature on Twitter, via which policyholders are eligible to earn 100% of the USDC stablecoin protocol fee.

View Tweet

Binance Dedicated Cover

We listed Binance, one of the biggest and most popular exchange, on our marketplace. Binance exchange custody has been deployed as a dedicated standalone cover. A dedicated cover pool always has at least 1:1 or more liquidity available than policies underwritten.

Purchase Binance Policy

OKX Dedicated Cover

We formed strategic alliance with OKX, one of the most popular cryptocurrency exchanges worldwide. To serve the OKX community, we've previously implemented support for the OKX wallet and now we have a dedicated standalone cover pool for OKX exchange custody. This dedicated cover pool will provide OKX policyholders instant payouts if the cover parameters are triggered and resolved.

Moreover, both the Neptune Mutual and OKX teams are working diligently to further the adoption of decentralized insurance.

Purchase OKX Policy

Cover Pool Announcement

There are more diversified and dedicated cover pools on the horizon. As we go ahead, we will make an announcement on the listing and availability of these cover pools. Please stay tuned.

Cashback Announcement

A few of additional cashback programs will be announced to expand and grow our community and encourage people to engage with our protocol. More information will be provided once these programs are launched.

Bug Bounty Program

We are presently putting the final touches to the guidelines for our bug bounty program, and as soon as they are finished, they will be published on the "Grants and Bounties" page of our website. Hang tight.

View Grants and Bounties

Marketplace Launch #2

To process transactions with smaller amounts and lower gas fees, Neptune Mutual protocol and marketplace will be launched on additional blockchain network(s). Please stay tuned.

Penetration Test

We will engage additional cybersecurity partners to conduct a thorough penetration test on our application's frontend and backend services routinely to analyze and assess its security posture.

View Previous Penetration Tests

TGE

The NPM token will be launched on Ethereum as part of the token generation event. We will also upgrade the protocol to use NPM instead of PoT tokens (Proof of Authority Token).

Decentralized Exchange Listing

The Neptune Mutual token will be made available on decentralized exchanges.

Ecosystem and Integration Grant

We will announce a grant program in which protocols that integrate with the Neptune Mutual protocol and promote our adoption will be eligible for ecosystem and integration incentives.

Ambassador Program

Full information will be made accessible once the program is launched.

Referral Portal

A referral portal will be built to allow the community to generate vouchers and promo coupons in order to collect protocol fees as cashback. This site will also allow users to monitor and track their rewards.

POD Staking Pools

Neptune Mutual will introduce POD staking pools, allowing community members to get rewards via staking Proof of Deposit tokens.

Bond Pool

Neptune Mutual will launch Bond Pool with our partner(s) to bootstrap liquidity for cover pools.

Staking Pools

Neptune Mutual will deploy staking pools in which the community will be rewarded for staking NPM tokens.

Product Listing

More diversified and dedicated cover pools will be added to the Neptune Mutual marketplace.

To Be Announced

As the industry evolves and matures further, Neptune Mutual creates even more products, apps, and services to remain relevant in the space and continuously innovate.