Nest

Where stocks become stable dollars. nUSD is the dollar backed by real US equities. Stake into snUSD, earn 6% APY. Built on @Solana, @xStocksFi & @Kamino

[Nest @NestUSD]

https://t.co/BCt4eKZbim

[Nest @NestUSD]

Thank you first to every $NEST holder & early $NUSD holders

You are the sole investors of Nest: $6M circulating market cap, $15M FDV, and $2M in the @MeteoraAG TVL. All of it earned or bought on the open market, with no VCs, and no KOL allocations or advisor tokens. Every $NEST is held by someone who bought their tokens to be here

And thank you to @solana, @xStocksFi, @kamino, @PythNetwork, @backpack and every solana builder that made Nest possible. Building here has been different from anywhere else in crypto: every protocol is open, every founder is reachable, every leader has shown up. There is no ecosystem where a two-week-old team could move this fast with this much support

This is only the beginning

[Nest @NestUSD]

Nest's nUSD just crossed $1,000,000 in TVL

Tokenization is one of the fastest-growing sectors in crypto, and Solana is leading. @xStocksFi at ~$500M in supply. @Backpack scaling fast across SPCX, MU, SNDK, and DRAM. Over 250,000 combined holders

Nest turns those positions into productive capital. Tokenized stock holders can deposit their equities as collateral, mint nUSD against the position at 3% APR, and stake into snUSD for ~6% APY. The equity exposure stays, and the dividend flows through, while the dollar earns

The projections match the trajectory:
- BlackRock: $5 Trillion in tokenized assets by 2030
- Citi: $5 Trillion
- BCG: $16 Trillion
- Bernstein sees the stablecoin market at $2 trillion
@Solana is on pace to capture the majority of tokenized equity flow

Nest is pioneering the stablecoin layer for that flow, and Season 1 ends September 8th

[Nest @NestUSD]

Every dollar of nUSD in circulation is backed by $1.50 of real reserves across three sources

$791,000 total TVL, with:
- $414K in PSM USDC (52%)
- $235K in tokenized equity collateral (30%)
- $143K in @MeteoraAG LP positions (18%)

$526,000 of nUSD in circulation

The $NEST token sits at $11.5M FDV, $4.59M market cap, and $1.64M of liquidity on the @MeteoraAG pool. snUSD continues to pay ~6% APY from real protocol revenue

Season 1 runs in parallel. 100,000 points distributed pro-rata every day across snUSD, nUSD, CDP debt, and Meteora LP positions. $6,000 weekly stablecoin rewards for @MeteoraAG NUSD liquidity providers

Two weeks in, the protocol is shipping, the dollar is being used, the wallets that showed up first are getting paid

All verifiable at https://t.co/L4DgP8odR0

[Nest @NestUSD]

Two weeks ago, there was no stablecoin backed by tokenized stocks

Today, NUSD lives on @solana:
120 users holding $588,000 TVL backing $439,000 $NUSD circulating, with 9 collateral types live

2 NUSD @MeteoraAG pools live with $110,000 TVL between $SOL, $USDC and $NUSD

32,800 $NEST burned via daily buyback from Nest's stablecoin surplus revenue

How we got here, in a few tweets 🖇️

[stanxbt @standotsui]

some alpha for Ansem and my people

starting tomorrow, you can farm 2 airdrops at once:

- xStocks, @xStocksFi
- nest, @NestUSD

so far there's barely any competition on the nest leaderboard, only around 100 wallets participating

as always, risks exist, dyor

[Nest @NestUSD]

@leakmealpha @openstandard @lukebelmar @Supermanonchain @lukaivicev @AlexCorrino @leto_bao @_TJRTrades 🪺

[Kamino @kamino]

@blknoiz06 @NestUSD Onchain Capital Markets

[Ansem 🐂🀄️ @blknoiz06]

nest is cool, and likely one of the best ways to get exposure to the tokenized stocks meta occurring on solana

allows people to borrow against their stocks for stables and use those stables to do other things onchain, honestly prob better than borrowing against most crypto bc less volatile and easier to manage downside

[Nest @NestUSD]

Appreciate this! We're building Nest all in public, attending events, shipping with community feedback, integrating partners as we go. Every part of nest is built for $NEST: surplus revenue auto-buybacks daily, governance flows through the token; value and growth compounds to holders

[Nest @NestUSD]

A ponzi pays returns from new investor money. Nest pays returns from real protocol revenue: stability fees, USDC lending yield on Kamino, and dividend rebasing on the equity collateral

Every nUSD is over-collateralized by real assets

Numbers verifiable at https://t.co/L4DgP8nG1s

[Nest @NestUSD]

@blknoiz06 @SammmXBT 3% APR to borrow nUSD against your stocks

most retail brokers charge 6-12% (Schwab, Fidelity, IBKR, Robinhood), and the cash they give you just sits there

[Nest @NestUSD]

What is coming: a $NEST/nUSD pool bootstrapped by the team, additional collateral types, deeper partner integrations (including a conversation with @privy_io on a card product that lets you spend the dollar without breaking the equity position), and more rewards on top of liquidity providers

The team is also showing up and working with partners, if you're in San Francisco and want to yap about stablecoins and make some new stablecoin-pilled friends, join us at the Stablecoin Night tomorrow

https://t.co/WAQ9DG917i

[Nest @NestUSD]

Borrow against your tokenized stocks, mint nUSD, deposit into sNUSD for yield, spend through a card. The equity never moves and the dollar earns until you tap to pay

Same product institutions get from IRA loans, on-chain, in one wallet. @privy_io's update made it possible, we're building 🏗️

[Nest @NestUSD]

Two weeks ago, there was no stablecoin backed by tokenized stocks

Today, NUSD lives on @solana:
120 users holding $588,000 TVL backing $439,000 $NUSD circulating, with 9 collateral types live

2 NUSD @MeteoraAG pools live with $110,000 TVL between $SOL, $USDC and $NUSD

32,800 $NEST burned via daily buyback from Nest's stablecoin surplus revenue

How we got here, in a few tweets 🖇️

[Nest @NestUSD]

Where the protocol stands today:

120 users providing $588K TVL, $439K nUSD circulating. 32,800 $NEST burned via daily buyback

Zero VC, zero KOL allocations, every $NEST in circulation was bought on the open market