Armor NXM

ARNXM

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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.