Wrapped NXM (WNXM) is a wrapped version of the Nexus Mutual token (NXM), allowing it to be used on decentralized finance (DeFi) platforms that support ERC-20 tokens. The wrapped token provides liquidity and accessibility for NXM holders to participate in various DeFi protocols and applications. WNXM can be traded, staked, and utilized for governance within the Nexus Mutual ecosystem.