What is arNXM?

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.

How do I swap wNXM for ArNXM?

The arNXM Vault accepts wNXM and puts it to work to produce yield. This is done by unwrapping and staking the wNXM tokens in the Nexus Mutual ecosystem. When you deposit wNXM tokens, the users receive arNXM in return. $ArNXM allows users to earn yield without requiring KYC, accrue staking rewards, increase coverage capacity on Nexus mutual, and circumvent the mandatory staking lockup period.

How to Stake into ArNXM Yield Vault

• Connect your MetaMask wallet to the arNXM Vault on Armor.fi

• You may then enter the amount you would like to stake, and click the "stake" button, 2 transactions will appear and you must confirm both (approval of transfer then stake transaction)

• Once the transactions succeed, you will see your new arNXM balance

• You will now automatically accrue staking rewards from Nexus Mutual, realized through the rising exchange price of your arNXM compared to wNXM.

How to Stake arNXM to earn ARMOR

• Once you have $ArNXM, you may purchase liquidity provider tokens from uniswap here using your arNXM tokens and an equivalent value of Ether, then stake them to earn ARMOR rewards.

• To stake, simply go to the rewards page and click the "Stake Tokens" button. Two MetaMask transactions will pop-up (to approve the transfer then stake) and you must confirm both.

• Once your tokens are staked, you will begin to earn ARMOR rewards.

• To receive your ARMOR rewards, click "Claim Rewards". You may also unstake your tokens at any time.