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stNXM by EaseDeFi audit contest

Sherlock·Liquid staking for Nexus Mutual·17th November 2025·#22

A public audit contest on Sherlock (liquid staking for Nexus Mutual), completed on 17th November 2025. 0xSimao placed #22. His findings from it are not published individually.

What stNXM by EaseDeFi is

EaseDeFi builds insurance alternatives for DeFi on top of Nexus Mutual. stNXM is the evolution of its arNXM product: a liquid staking token over Nexus Mutual underwriting positions, so holders earn underwriting yield without giving up liquidity.

Scope

The Sherlock contest covered the stNXM contracts, 4 files and 487 nSLOC: the vault wrapping the Nexus Mutual underwriting position, deposit and withdrawal flows with their queueing, and the reward accrual that keeps the token liquid.

The contest