What is arNFT?

An arNFT is a token that represents Nexus Mutual cover.

The token represents a certain amount of cover (such as it protecting 100 Ether) for a certain amount of time (such as 1 year) on a certain protocol (such as Uniswap).

The token is ERC721 compatible so it can be transferred between users and can be purchased without the KYC necessary for Nexus Mutual cover.

arNFT coverage provided to the Smart Cover Pools cannot be withdrawn as it is made available for allocation by the smart cover system.

How do I stake my ArNFT tokens?

ArNFTs can be minted to receive coverage on funds held on a DeFi protocol with one simple mint call. arNFTs can be minted here. This is how you can stake your arNFT tokens:

• Navigate to the Staking Rewards tab in the main website and scroll down to arNFT staking.

• Click on “stake.”

• A transaction to approve the transfer will pop-up on Metamask, and then a second transaction to execute the stake will pop-up. Approve both transactions to stake.

• Once staked, you will begin to see the rewards your arNFTs are accruing in the "Staked arNFT" table. You may claim these rewards at any time by clicking the "claim" button on the Stake page.

• You may withdraw your arNFTs at any time, although there is a 7-day waiting period after withdrawal is initiated. To do this, simply click the "Withdraw" button in the "Staked arNFT" table.