Nest, from Plume, offers access to high yields that are backed and generated by RWAs. With a range of vaults on offer, users can deposit stablecoins and mint vault tokens in return, earning underlying yield and Nest points rewards that lead to allocations of PLUME tokens. Vault management is taken care of by Nest, and mint tokens can also be utilized across various other integrated protocols, including Morpho, Pendle, and others.
If you’re interested in RWAs, a rapidly growing sector that crosses over between crypto and traditional finance, then take a look at a platform called Nest, as it offers onchain, no-KYC access to yield backed and generated by RWAs.
In this guide, we’ll take a look at exactly how Nest works and what kinds of assets the yield comes from, and walk through some of the simple strategies on offer that let you lock in high yields from stablecoin deposits.
Before we continue, please be aware of the risks involved when using any DeFi protocol, which include the possibility of smart contract vulnerabilities, frontend attacks, and stablecoin de-pegs, along with market risks specific to RWA exposure, and volatility across DeFi and crypto.
What Is Nest?
Nest is developed by Plume, which was covered here earlier this year but has developed further since then, and so is worth returning to. Nest is a vault-based protocol that allows users to earn yield sourced from exposure to real-world assets, and these assets and strategies include US Treasuries, mineral rights, private credit, and basis trades.
Supported deposit assets can be placed into Nest vaults that deploy capital into RWA financing structures designed to generate return from real-world economic activity, rather than just from onchain leverage within crypto.
Users who deposit to Nest receive vault tokens to reflect their proportional share of the strategy at work, and as yield is generated, the value of that position increases. Also, these tokens, once minted, are composable and can be put to work in various integrations across the wider DeFi ecosystem, increasing potential rewards.
A key bonus when transacting on Nest is that it’s very user-friendly with an intuitive UX, and users do not directly interact with the yield-generation process, as it’s all managed by Nest and its partners. Additionally, Nest undergoes third-party audits, compliance, and AML checks, all of which you can check in more detail in the official documents, and note that no KYC is required.
Nest also distributes Plume Nest Points, which accumulate in return for holding and utilizing Nest vault tokens and will provide an allocation of the PLUME token. Protocols on which you can deploy Nest tokens include Morpho, Mystic, Rooster, and Pendle, and you can check the Nest points page on the app for more details about these integrations.
How to Use Nest
If you’re aware of the risks and have checked through Nest’s documents, and you want to go ahead and try some of its strategies, then you can start by opening the app and connecting your wallet, with support available for MetaMask, Phantom, and others.
Nest Alpha
From there, if you’re on the Vaults tab you’ll then see all the strategies on offer, and at the moment the featured vault, highlighted first on the app as its flagship, is called Nest Alpha, and you can see that it…
