ARMOR Price (ARMOR)

Unlisted

What is ARMOR?

ARMOR is the governance token for Armor protocol. How to obtain ARMOR?

What is Armor?

Armor is the first insurance aggregator for DeFi. Leveraging the underwriting capability of Nexus Mutual, it offers pay-as-you-go insurance products and the ability to buy insurance covers without KYC. It is the second iteration of the yInsure product from Yearn Finance. The first iteration of yInsure failed after the yInsure’s founders had a fallout. Yearn Finance chose to partner with COVER instead after the event and leave the yInsure product to Armor. During launch, there are four main products, arNXM, arNFT, arCORE and arSHIELD.

What is arNXM?

Wrapped NXM (wNXM) was created to allow investors to have exposure to NXM without having to do KYC. However, as more wNXM were created, less NXM became available for internal functions of the mutual such as staking, claim assessment, and governance voting. arNXM was created by Armor to solve this issue while still allowing investors to participate in Nexus Mutual’s operations without having to do KYC. To get arNXM, users can stake wNXM in Armor. The wNXM is unwrapped by Armor and the NXM token is then subsequently staked on smart contracts on Nexus Mutual. By staking on Nexus Mutual, stakers signal that the smart contracts are safe and are thus paid a premium and this opens up more insurance covers for sale. To ensure there is sufficient liquidity to exchange between arNXM and wNXM, 10% of the wNXM are not unwrapped. This 10% liquidity will only be refilled every 3 days. arNXM can be referred to as a wNXM vault, where users deposit wNXM into the vault and can expect to receive a higher amount of wNXM in the future.

What is arNFT?

arNFT is the tokenized form of insurance cover purchased on Nexus Mutual. arNFTs allow users to buy insurance cover without having to do KYC. Since these insurance covers are tokenized as non-fungible tokens, users are now able to transfer them to other users or sell them on the secondary market. These tokenized covers also allow for further DeFi composability. arNFTs can be minted for all protocols for which Nexus Mutual coverage is available.

What is arCORE?

arCORE is a pay-as-you-go insurance product, where Armor tracks the exact amount of user funds as they dynamically move across various protocols, and bills by the second using a streamed payment system. Underlying arCORE are pooled arNFTs that are broken down and sold at a premium. This allows for much more innovative product design and showcases the great composability of the DeFi ecosystem. To compensate arNFT stakers for taking the risk of not fully selling out the cover, arCORE’s products are charged at a higher premium. Currently the multiplier is 161.8%, meaning the price would be 61.8% higher instead of purchasing directly from Nexus Mutual. For the additional premium, 95% is given back to arNFT stakers, 2.5% is charged by Armor as an admin fee, and 2.5% is reserved for referral fee. At a 1.618 premium multiplier and 95% share of revenue, utilization would have to be greater than 65% for this to be profitable for arNFT stakers. This means that if the covers sold are less than 65% of those staked in the pool, then the stakers will have to foot the costs themselves.

What is arSHIELD?

arSHIELD is an insured storage vault for Liquidity Providers (LP) tokens where insurance premiums are automatically deducted from the LP fees earned. This essentially creates insured LP tokens where no upfront payments are required from the user. arSHIELD only covers the protocol risk of the liquidity pools. For example, insured Uniswap LP tokens only cover the risk of Uniswap’s smart contract getting compromised, but not the risks of the underlying assets (e.g. hack of underlying asset protocol). As such, arSHIELD is just a repackaged version of arCore. arSHIELD is offered in two versions with differing risk levels, similar to how fixed interest rate products are designed in tranches. Shield+ Vaults Shield+ Vaults are the safest risk tranche, where claim payouts are guaranteed as it is fully collateralized but cover capacity is limited. It has a higher premium multiplier of 200%, making it two times more expensive than Shield Vault. Shield Vaults Shield Vaults are the higher risk tranche, where claim payouts may not be fully reimbursed, as it depends on the available capital in the pool during the time of hack. To compensate for the extra risks, it only has a premium multiplier of 100%, meaning it is the same price as directly buying from the Nexus Mutual itself. Cover capacity is designed to be unlimited so users will have to be comfortable with the collateralization ratio as it might not be fully collateralized. How to claim from Armor? After a user files a claim, a review process will be triggered and submitted to Nexus Mutual for consideration. Armor token holders will also be able to participate in Nexus Mutual’s process for claim approvals and payouts using arNXM. If a payout is confirmed, the amount will be sent to Armor’s payout treasury before being distributed to the affected users.

What are the fees to use Armor?

Below is the profit sharing fees table updated as at January 2021. One thing to note is that for every cover bought from Nexus Mutual, 10% of the premium is reserved for claim purposes, where the claim fees is 5% of the premium. This means that every user can claim twice with the same policy. If there are no claims at the end of the policy period, the 10% premium will be refunded. This is where the arNFT’s profit comes from. ARMOR can be purchased from exchanges such as Uniswap or Sushiswap. You can find ARMOR trading on various centralized and decentralized cryptocurrency exchanges.

What is the current trading price of ARMOR?

ARMOR (ARMOR) is currently priced at $0.00021261 USD, reflecting a price movement of 6.38% over the last 24 hours. This price represents the latest aggregated market rate across major exchanges and updates continuously based on live market activity.

What factors are influencing ARMOR's price movement today?

The recent price movement over the last 24 hours is shaped by a combination of market sentiment, liquidity fluctuations, and category-wide performance within the Decentralized Finance (DeFi),Insurance,Ethereum Ecosystem,Alameda Research Portfolio,DeFiance Capital Portfolio,Delphi Ventures Portfolio sector. Broader economic trends and on-chain activity on -- may also contribute to short-term volatility.

How strong is the trading interest in ARMOR?

Investors have generated $-- in 24-hour trading volume, signaling active participation. Higher volume typically indicates increased confidence and better price discovery.

What is ARMOR's position in the global crypto market?

It currently holds market rank #6958 with a market capitalization of $50471, placing it among the more established assets within its sector.

What does the circulating supply tell us about ARMOR?

With 237391731.72705692 tokens in circulation, the supply level plays a major role in determining scarcity, long-term inflation, and market valuation.

How does today's price compare to ARMOR's recent performance?

The price range between $0.00019748 and $0.00020927 over the last 24 hours highlights its intraday volatility and helps traders evaluate short-term price opportunities.

How does ARMOR stack up against similar assets?

Against other Decentralized Finance (DeFi),Insurance,Ethereum Ecosystem,Alameda Research Portfolio,DeFiance Capital Portfolio,Delphi Ventures Portfolio tokens, ARMOR continues to show competitive performance, supported by steady volume and consistent interest from both retail and institutional participants.