Insurance coverage active
GMX v2 (GMX Synthetics)'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 third-party insurance coverage for GMX v2 found at scale relative to TVL. Nexus Mutual lists a GMX v2 GM token cover product via OpenCover with approximately $5M cover capacity — representing ~2% of the $242.9M current TVL. This is below the 5%-of-TVL green threshold. No Sherlock coverage program for GMX v2 found. No Unslashed program found. Score = red. This is the single red factor in Cat 5 and drives the yellow rollup.
Sources #
- URLhttps://nexusmutual.io/retrieved 2026-04-28
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 →