NEST
Nest is a Solana-native stablecoin protocol that converts tokenized US equities into yield-generating stable USD. Users deposit approved tokenized equities through xStocks to mint a stablecoin pegged to 1 USD; the stablecoin is backed by real equity collateral and USDC reserves, and is fully transparent and verifiable on-chain. Staking the stablecoin as the corresponding staked asset earns variable protocol revenue, targeting 6% APY; revenue is derived from borrower stability fees and reserve yield. The Peg Stability Module (PSM) ensures that 1: 1's USDC redemptions can be made when reserves are sufficient. Built on Solana, Nest uses Pyth oracle pricing and Kamino infrastructure to connect traditional equity markets with decentralized finance, making equities a yield-bearing stable layer accessible to anyone.
Overview
Nest is a Solana-native stablecoin protocol that converts tokenized US equities into yield-generating stable USD. Users deposit approved tokenized equities through xStocks to mint a stablecoin pegged to 1 USD; the stablecoin is backed by real equity collateral and USDC reserves, and is fully transparent and verifiable on-chain. Staking the stablecoin as the corresponding staked asset earns variable protocol revenue, targeting 6% APY; revenue is derived from borrower stability fees and reserve yield. The Peg Stability Module (PSM) ensures that 1: 1's USDC redemptions can be made when reserves are sufficient. Built on Solana, Nest uses Pyth oracle pricing and Kamino infrastructure to connect traditional equity markets with decentralized finance, making equities a yield-bearing stable layer accessible to anyone.