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.
Efficient
Pooling funds gives the vault the ability to stake for longer periods (therefore boosting profits) while maintaining short-term liquidity.
Ecosystem Integration
stNXM is designed to seamlessly integrate with the broader DeFi ecosystem, providing liquidity and utility.
Liquidity & Lending
stNXM is starting with a large amount of liquidity in Uniswap V3 to ensure oracles are accurate and liquidations are safe, complemented by a Morpho lending pool. Borrowing without worry is key to stNXM's value.
Uniswap V3
Deep Liquidity Pool
Concentrated liquidity ensures accurate price discovery and efficient trading with minimal slippage.
Morpho
Lending Protocol
Optimized lending markets allow for efficient borrowing against your stNXM collateral.
Evolution from arNXM
stNXM is an upgraded version of arNXM by Ease. It has had adjustments made to create a token more suitable for general DeFi purposes.
- Enhanced security measures to make lending viable
- Optimized fractional reserve mechanism
- Improved functionality to maximize profits
Future Vision
We plan for stNXM to be integrated throughout the industry as a core DeFi asset.
Universal Collateral
Accepted across all major lending protocols
Yield Protocols
Integrated with yield farming and staking platforms
Cross-Chain
Available on multiple blockchain networks
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.
Bug Bounty Program
Help us maintain the highest security standards
$500,000 Bug Bounty
We're committed to the security of our protocol and our users' funds. Our comprehensive bug bounty program offers up to $500,000 for critical vulnerabilities that could impact user funds or protocol integrity.
Critical Bugs
Up to $500,000 for vulnerabilities that could lead to loss of funds
High Priority
Significant rewards for high-impact security issues
Managed by Sherlock - Leading audit and bug bounty platform for DeFi protocols