Neptune Mutual

Neptune Mutual is a legitimate decentralized parametric insurance protocol that has raised significant venture capital (~$10M). However, the project submission provided is of extremely low quality, featuring a copy-pasted job description instead of a product overview and demonstrably false traction claims ('most people have used my product'). While the underlying technology addresses a real problem in DeFi (smart contract risks) and has a functioning token (NPM), the actual on-chain adoption (TVL ~$550k) is relatively low compared to its funding. The score is heavily penalized by the poor quality of the submission and the niche nature of the current user base.