Thread by @ArmorFi

1/ $ARMOR $arNXM vault has already expanded @NexusMutual Coverage Capacity by $500m Since Launch, with over $600m in arNFT tokenized coverage purchased to date...
🧵🧵🧵
👇👇👇 (+ new reward pools)

2/ Two New Staking Reward Pools Are Now Live: Provide Liquidity for $wNXM : $arNXM on @SushiSwap and @Uniswap
armor.fi/rewards?pair=w…
(APY adjusts when LP added)

3/ (h/t @TaylorKrot)
The $arNXM vault uses $wNXM, unwraps it and stakes it in @NexusMutual across different contracts & optimizes the yield.

By depositing $wNXM in the vault, you receive the yield-bearing token $arNXM. It is an evolved version of both $NXM & $wNXM.

4/ Evolution 1- $NXM : Represents ownership in
@NexusMutual capital pool. Manually stake to earn yield and provide coverage capacity.

Evolution 2- $wNXM : Permissionless version of $NXM

Evolution 3- $arNXM : Yield-bearing + Permissionless $NXM

5/ The ultimate goal of the $arNXM vault is to take all $wNXM out of circulation and stake them back into @NexusMutual to provide coverage capacity... and $arNXM already has more liquidity than $wNXM!

6/ Let's compare DEX liquidity depth on 2% movements based on @coingecko data:
$wNXM Uni: $15k
$wNXM Sushi: $2k
$arNXM Uni: $63k
$arNXM Sushi: $61k
$arNXM has 7.4x more liquidity than $wNXM on these pairs alone ( $arNXM has others too )

7/ To swap $wNXM or $NXM for $arNXM visit armor.fi/arnxm-vault where over 470k $NXM is already deployed, having expanded @NexusMutual coverage capacity by over $500m since launch.

8/ Now let's get more $wNXM off exchanges by incentivizing the $wNXM : $arNXM pair on @SushiSwap and @Uniswap - go here to start earning rewards: armor.fi/rewards?pair=w…