What is WNXM?

Wrapped NXM is an ERC-20 token that is backed one to one by the NXM token. When the NXM token is wrapped, it allows it to be used in the Decentralised Finance (DeFi) ecosystem. This enables the use of NXM as collateral in a plethora of different DeFi applications such as Uniswap, Sushiswap, Aave, Compound, MakerDAO, Balancer and many more. This brings more liquidity into the DeFi ecosystem.