• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Armor NXM

ARNXM
Official links
Website

News

The Dichotomy of Small-Dollar Lending in the U.S.

chest
The consumer financial landscape in the U.S. is divided between the prime credit market and the subprime market, where payday loans serve around 12 million borrowers annually, often leading to a debt trap.
user avatar

Miguel Rodriguez

The Role of Extended Payment Plans in Managing Payday Loan Debt

chest
Extended Payment Plans (EPPs) provide a solution for payday loan borrowers to manage debt through longer repayment terms without extra fees, yet their usage is low due to borrower unawareness and lender disincentives.
user avatar

Arif Mukhtar

Understanding the Debt Trap in Payday Lending

chest
The payday loan model often leads to a cycle of dependency, where borrowers find themselves trapped in a cycle of rollovers and high fees.
user avatar

Luis Flores

The Economic Impact of Payday Lending

chest
The payday loan industry has a staggering economic impact, with over 20 million loans initiated in 2022, resulting in a total transaction volume of nearly $86 billion.
user avatar

Maria Gutierrez

What is Armor NXM?

The arNXM Vault allows users to deposit their wNXM tokens in the Nexus Mutual ecosystem and earn yield without requiring KYC. Users receive a new arNXM token as a replacement which is the yield bearing token for the vault and is not subject to the mandatory 90-day (soon 30 day) lockup period. The vault will hold a set amount in the reserve to provide liquidity for exchanges between arNXM and wNXM tokens and stake the remaining holdings into the Nexus Mutual system to generate yield.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.