Earn on your XLM.
Keep it liquid.
Deposit XLM and receive nXLM. It grows in value every day, and stays tradeable and spendable the whole time.
Your XLM sits in a wallet earning nothing. Real yield exists on Stellar, but reaching it means running lending positions by hand. Almost nobody does.
Deposit XLM
You get nXLM back. Think of it as your receipt. Its quantity never changes again.
It goes to work
Nebula supplies your XLM to Blend, a lending market on Stellar. Borrowers pay interest on it.
Cash out whenever
Your nXLM is worth more XLM than when you got it. Or just hold. It keeps earning either way.
Think of it like gold.
You own 10 grams. A year later you still own 10 grams. The number never changes. It is simply worth more.
nXLM works the same way. Your balance is frozen the moment you receive it. What rises is the price.
That is what keeps it spendable everywhere else on Stellar. It behaves like an ordinary token, because it is one.
Real interest, from real borrowers.
Nebula supplies your XLM to Blend, a lending market on Stellar. People borrow against collateral and pay to do it. That interest is your yield: not emissions, not inflation, not a subsidy.
1.0142
+1.42%
Every step up is a harvest: interest collected from Blend and credited to the price. The only thing that can push it down is a real loss.
The short answers.
The longer ones, including what can go wrong, are on the full FAQ.
A receipt for the XLM you deposited. The quantity you hold never changes; what changes is how much XLM one nXLM is worth. It behaves like an ordinary Stellar token, so you can hold it, trade it on SDEX, send it, or use it elsewhere while it keeps earning.