As DeFi matures and more traditional institutional investors come into this space, an anonymous, voting-based insurance solution will not be a convincing security model. Furthermore, Nexus’s voting mechanism also goes against the ethos of DeFi in some ways. In the ideal case, the only thing the user needs to trust is that smart contracts will execute as written. Nexus Mutual and its clones are built on shaky ground, and the DeFi community needs a better alternative.