Neptune Mutual Cover Protocol
In contrast to discretionary mutuals, you are not required to move back and forth between underwriters, claims assessors, loss adjusters, or any other intermediaries, centralized party, or privileged users in order to get your claims reimbursement. There is no need to verify or analyze your claims. When a cover event happens, everyone who has cxTokens can claim them for an equal number of stablecoin payouts (minus fees). As long as one policyholder makes a claim that's successful, it's fine for everyone else to do the same.
The Neptune Mutual protocol can handle any cover situation because of the built-in consensus portal (reporting system). Even so, we're only going to focus on the smart contract and exchange coverage at first. The key reason is because of the platform's commercial and competitive advantages and potential.