How it works
Stable onchain yield,
backed by real-world assets.
Nest lets you earn institutional-grade yield by staking stablecoins into on-chain vaults backed by real-world assets - fully on-chain, secure, and transparent.
Flow of funds
Users deposit stablecoins into Nest vaults to earn yield, receiving vault tokens that can be used seamlessly across Plume's RWAfi ecosystem.
Step 1
Deposit stablecoins
Step 2
Vault invests into RWAs
Step 3
RWAs generate yield
Step 4
Withdraw stablecoins
Security
Each vault has detailed information containing financial disclosures and agency ratings. Issuers are required to present third-party financial audits to include their assets in Nest vaults.
Regulated asset custodians
Assets are held by regulated custodians, including Coinbase Prime, Alpaca Markets, Anchorage Digital and others.
World-Class AML
Best-in-class sequencer-level controls powered by TRM, Elliptic and Chainalysis to remove malicious actors at the root.
Smart contract audits
All Nest smart contracts are audited by leading crypto security firms.
Audits
Nest vault audits
Reviewed
Approved
BoringVault audits
Reviewed
Approved
0xMacro, Pashov, Spearbit
2024/04/22
Legal
Nest DAO LLC operates as a special-purpose DeFi protocol under the Republic of the Marshall Islands (RMI) Decentralized Autonomous Organization Act of 2022 and the Non-Profit Entities Act of 2020. It is organized as a non-profit DAO LLC focused on building open-source software for the Plume Network public blockchain and Nest protocol.
Investment Business License: Nest DAO LLC holds a Foreign Investment Business License under RMI law (License Number: RMI-2024-121), authorizing non-profit activities related to charitable, educational, scientific, or social purposes, including the development of the Nest protocol.
Legal Entity Identifier (LEI): Nest DAO LLC maintains an active LEI (254900BB9T1QYAT04892), verifiable at lei.bloomberg.com/leis/view/254900BB9T1QYAT04892
Vault Structure: Nest vaults serve as pass-through vehicles, capturing yields from underlying tokenized asset holdings and distributing them directly to users. No yield revenue is retained by Nest DAO LLC.
Other Examples: For additional case studies of RMI DAO LLCs, see docs.midao.org/rmi-dao-llc-case-studies-and-examples
Registrar: Nest DAO LLC's registrar, which works directly with the RMI government, is accessible at registry.midao.org/public-registry/
Nest DAO LLC operates as a fully non-profit entity and serves as the curator of Nest vaults that are made available on its frontend nest.credit, with onchain smart contracts being fully non-custodial and immutable.
All yield that accrues to each Nest vault is distributed pro rata to the users of each vault.
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