WNXM is the governance token of the Wrapped NXM (wNXM) protocol, which is a synthetic asset issuance platform built on the Ethereum blockchain.

wNXM tokens are backed by Nexus Mutual (NXM) tokens and represent a claim on the underlying NXM tokens held in the protocol's reserves. WNXM holders can participate in the governance of the protocol, vote on proposals, and earn rewards for securing the platform.

With its emphasis on decentralization and risk management, WNXM aims to provide users with access to a wide range of synthetic assets while ensuring the security and integrity of the platform.

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