Nxm provides a hedge against the failure of smart contracts and defi applications. Nexus is run as a insurance/ mutual company it’s native currency is used to create capital to generate new policies for new defi platforms that desire coverage from inherent risks.
wnxm is a derivative like product in contrast to aave a tokens or compounds c tokens. As the defi booms there certainly bound to be busts. The need for defi applications protection should be in very high demand. Nxm is definitely worth your research!