stNXM is a liquid staking token for Nexus Mutual capital providers. It allows users to underwrite coverage being sold on Nexus and receive premiums without needing to sacrifice liquidity and composability. This LST is a simple set-and-forget system where all of the administrative work of staking into various coverage pools is done for them, and yield generated from the protocol is rolled back into staking. stNXM generates real yield through a method previously unseen by any other yield-bearing tokens.