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arNXM Staking Guide

Updated

How to Stake wNXM into ArNXM Yield Vault

  1. Connect your MetaMask wallet to the arNXM Vault on Armor.fi
  2. You may then enter the amount of wNXM you would like to stake, and click the “deposit” button, 2 transactions will appear and you must confirm both (approval of transfer then stake transaction)
  3. Once the transactions succeed, you will see your new arNXM balance
  4. You will now automatically accrue staking rewards from Nexus Mutual, realized through the rising exchange price of your arNXM compared to wNXM.

How to wrap NXM to get wNXM for staking into arNXM yield Vault

  1. Connect your MetaMask wallet to the arNXM Vault on Armor.fi
  2. You may then enter the amount of NXM you would like to wrap, and click the “wrap” button, 2 transactions will appear and you must confirm both (approval of transfer then wrap transaction)
  3. Once the transactions succeed, you will see your new wNXM balance, which can be staked as described above.

How to Stake arNXM to earn ARMOR (sunset)

  1. 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.
  2. 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.
  3. Once your tokens are staked, you will begin to earn ARMOR rewards.
  4. To receive your ARMOR rewards, click “Claim Rewards”. You may also unstake your tokens at any time.
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