Insurance coverage active
Babylon Protocol's assessment for RD-F-089 — scored red on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
No active insurance coverage confirmed for $4.16B TVL. Nexus Mutual partnership announced 2025-04-28 for slashing protection development, but the product was described as still 'in development' at announcement — not live/purchasable. Nexus Mutual 20+ new cover listings page does not include Babylon. No Sherlock, Unslashed, or equivalent coverage found. To reach 5% green threshold, coverage would need to exceed $208M — substantially beyond typical Nexus Mutual single-protocol capacity. Red = no active coverage at $4.16B TVL. This is a structural gap for Bitcoin-native staking protocols on non-EVM infrastructure.
Sources #
- URLNexus Mutual 20+ New Cover ListingsNexus Mutual 20+ new cover listings page — Babylon not listed among covered protocolsretrieved 2026-05-04
- Expanding Bitcoin Staking Protection: Babylon Labs Supports Nexus Mutual Cover DevelopmentBabylon Labs blog — Nexus Mutual partnership announcement; product described as 'in development' not liveretrieved 2026-05-04
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 →