Revolutionizing DeFi Underwriting
stNXM combines the best aspects of staking with the flexibility and utility of liquid tokens
Auto-compounding
Rewards from staking are compounded directly back into stNXM, maximizing your returns without any manual intervention.
Liquid
A fractional reserve is maintained in the vault to allow users to enter and exit staking at any time without lengthy lock-up periods.
Composable
stNXM was created to allow it to be used as collateral for lending, unlocking myriad possibilities for your previously stagnant stake.
Set-and-forget
Never worry about staking, unstaking, collecting fees, or allocating funds. It's all done for you.
DeFi Integration & Partnerships
stNXM seamlessly integrates with leading DeFi protocols to maximize utility and yield opportunities
Earn additional yield by lending wNXM or borrowing with stNXM.
Provide liquidity in concentrated ranges for optimal capital efficiency and trading fees.
stNXM will soon be able to be used to generate maximum APY with leverage strategies.
Future Vision
We plan for stNXM to be a core asset of the DeFi ecosystem and be integrated throughout the industry.
Accepted as collateral across major DeFi lending protocols and platforms, unlocking capital efficiency.
Integration with yield farming and staking protocols for enhanced returns and composability.
Available on many blockchain networks, enabling seamless multi-chain DeFi experiences.
How stNXM Works
Understanding the mechanics behind our liquid staking solution
Underwriting DeFi Coverage
stNXM represents locked NXM funds that underwrite DeFi protocol coverage. By pooling resources, users can underwrite DeFi risk while maintaining flexibility and liquidity.
Fractional Reserve Mechanism
Unlike traditional Nexus Mutual staking that locks NXM completely, stNXM maintains a fractional reserve that allows users to enter and exit positions at will, while still generating rewards from underwriting coverage.
Capital Efficiency
By allowing stNXM to be used as collateral in lending protocols, users can increase the capital efficiency of their investment. This opens up new strategies for yield generation while still participating in the coverage underwriting market.