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About NEST
NEST is a non-custodial real-world asset yield protocol on Plume that tokenizes US Treasuries, private credit and payment financing for stablecoin holders. Users deposit a dollar-pegged stablecoin and mint a share token, with yield reflected in the share price as vault net asset value rises and realised on redemption. It addresses a market long open only to institutions, where individuals lacked a low-threshold route without complex account opening.
Tokenization lowers the entry barrier but does not remove underlying risk: yield depends on off-chain custodians and fund managers, and if they default, commit fraud or fail, on-chain contracts have no recourse, while distribution across eighteen chains adds messaging and bridge risk. In the first quarter of 2026 deposits grew to about USD 50 million and a points system launched, with size fluctuating between USD 55 million and USD 111 million during the year, growth tracking the supply of underlying assets.
Nest, Plume's flagship RWA staking protocol, marked two long-term milestones. In January 2025, it launched the Institutional Core Vault with Elixir, allowing institutional holders of tokenized assets like BlackRock's BUIDL to enter DeFi via deUSD while preserving yields and compliance. In June 2025, Nest went live on Plume Genesis, becoming one of the first RWA protocols natively deployed on Plume, bridging real yield, composability, and onchain access.
Nest expanded its multi-chain RWA yield layer through 2026: on March 5 Plume brought institutional-grade RWA funds to Solana via Nest (with Perena); on March 19 EtherFi and Plume launched a Nest Vault built on Superstate's USCC; on May 15 Messari rated Nest as backend yield infrastructure for tokenized real-world assets. On August 14 the NEST automated LDO buyback mechanism went live on mainnet. Protocol TVL is about $56.8M across Plume, Ethereum and Solana.
Future strategy and roadmap: On strategy, Nest aims to become 'backend yield infrastructure' for tokenized real-world assets, wrapping institutional public and private credit, Treasuries and receivables into freely redeemable vault tokens that give everyday capital access to strategies once reserved for institutions (e.g., nCREDIT blends senior secured loans, trade finance and short-term debt). Beyond Plume mainnet, its multi-chain deployment on Solana and Ethereum will keep expanding, and NEST is exploring automated buyback and yield-distribution mechanisms with partners such as Lido to strengthen DeFi governance sustainability.
Nest is Plume's flagship RWA yield protocol, incubated and operated by the Plume team.
Chris Yin — Co-founder & CEO; previously principal at Scale Venture Partners and VP of Product at Rainforest QA.
Teddy Pornprinya — Co-founder & CBO; formerly BD lead at Binance BNB Chain and investor at Coinbase Ventures.
Eugene Shen — Co-founder & CTO; former engineer at dYdX and Robinhood.