Insurance coverage active
Midas'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 DeFi protocol insurance coverage found for Midas RWA on Nexus Mutual, Unslashed, or Sherlock Shield (the protocol coverage product, distinct from Sherlock's audit/bounty business). Sherlock operates the Midas bug bounty program (audits.sherlock.xyz/bug-bounties/122) but no Sherlock Shield smart-contract coverage was found for Midas RWA contracts. No Nexus Mutual cover listed for midas-rwa. This is a structural gap common to RWA tokenized-asset issuers: off-chain collateral (T-bills, basis trades held at regulated custodians) is not coverable by on-chain DeFi insurance products. TVL at assessment = $161.42M; 0% coverage.
Sources #
- URLNexus Mutual — Crypto Insurance AlternativeNexus Mutual — no midas-rwa coverage listedretrieved 2026-05-16
- Sherlock — Midas Bug BountySherlock bug bounty for Midas (audits.sherlock.xyz/bug-bounties/122) — bounty program, not protocol coverage productretrieved 2026-05-16
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 →