Wrapped NXM
Tradeable version of NXM enabling non-members to access Nexus Mutual's DeFi insurance ecosystem.
- No KYC or registration
- Non-custodial — your keys, your crypto
- 1000+ supported exchange pairs
- Best available exchange rate
Wrapped NXM Price Chart
About Wrapped NXM
Wrapped NXM (wNXM) is a tokenized version of NXM—the native token of Nexus Mutual, a decentralized insurance protocol. NXM itself can only be held by KYC-verified Nexus Mutual members, but wNXM allows anyone to hold and trade exposure to Nexus Mutual's coverage capacity without becoming a member. wNXM is created by members wrapping their NXM and can be unwrapped back to NXM upon passing Nexus Mutual's membership requirements. It provides liquidity for NXM on secondary markets.
History
How to Swap WNXM
To swap Wrapped NXM (WNXM) on SyntheticSwap, no account creation or KYC is required. WNXM runs on the Ethereum blockchain as an ERC-20 token, compatible with MetaMask, Ledger, Rainbow, and any Web3 wallet. Navigate to SyntheticSwap, choose WNXM as either source or target, enter your wallet address for the destination asset, and send WNXM from your personal wallet to the deposit address shown. Swaps typically settle within a few Ethereum block confirmations, and your destination asset lands directly in your specified wallet.
How to Store WNXM
Store WNXM in any ERC-20 compatible wallet such as MetaMask, Ledger, or Trust Wallet.
