Insurance coverage active
Axelar Network's assessment for RD-F-089 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
No active third-party insurance coverage found on Nexus Mutual, Unslashed, Sherlock, or equivalent for Axelar gateway contracts. Web search for Axelar + Nexus Mutual returned no coverage policy. Structural near-default for cross-chain bridges at this TVL scale ($144M). Protocol mitigates via on-chain rate limiters (per-asset transfer caps per time window) documented in security docs, but no external insurance cover confirmed.
Sources #
- DocsAxelar Security Overview — Axelar DocsAxelar security docs documenting rate limiters as the primary operational risk control; no insurance referencedretrieved 2026-05-17
- Nexus Mutual — Crypto Insurance AlternativeNexus Mutual homepage — no Axelar bridge coverage found in searchretrieved 2026-05-17
Methodology #
Determine whether active coverage on Nexus Mutual, Unslashed, Sherlock, or equivalent is in force; record cover size in USD.
See the full factor methodology and distribution across all protocols →