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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

[View the contest page](https://audits.sherlock.xyz/contests/1203)
