Armor is a smart insurance aggregator for DeFi based on Nexus Mutual. It has three main features: 1. Permissionless access without sign-up requirements, 2. Pay as you go coverage across various protocols.3. Flexible amount / duration coverage, only pay what you owe. Armor is underwritten by Nexus, and users can staking NXM to open the underwriting services they need. At the same time, NFTs tokenized coverage which opened a secondary marketplace to resell coverage to possible buyers. ARMOR is its native governance token.
Armor is a smart insurance aggregator for DeFi based on Nexus Mutual. It has three main features: 1. Permissionless access without sign-up requirements, 2. Pay as you go coverage across various protocols.3. Flexible amount / duration coverage, only pay what you owe. Armor is underwritten by Nexus, and users can staking NXM to open the underwriting services they need. At the same time, NFTs tokenized coverage which opened a secondary marketplace to resell coverage to possible buyers. ARMOR is its native governance token.
