Nexus Mutual has exchanged 14,390 ETH for rETH liquid staking tokens

ChainCatcher news, according to The Block, the DeFi insurance platform Nexus Mutual DAO exchanged 14,390 ETH (27.3 million USD) from its "security insurance module" for Rocket Pool rETH liquid staking tokens through the CoW Swap DEX aggregator, as part of Nexus Mutual's broader diversification strategy.

Previously, an investment committee within Nexus Mutual DAO suggested reallocating funds from its insurance module (which provides insurance against security events such as hacks) to liquid staking Ethereum.