Nest
AppXDiscordTelegram
  • Introduction
    • Intro
    • Using Nest
  • Using Nest
    • Assets
    • Institutions
    • Vaults
    • Vaults List
    • Liquidity & Redemptions
  • Trust & Compliance
    • Flow of Funds
    • Audits & Compliance
    • Geographic Restrictions
    • Transparency
  • Terms and Conditions
  • AML
  • Support
    • FAQ
    • Glossary
  • Status
  • Developers
    • Nest API
    • Smart Contracts
    • Boring Vaults
    • Vault Implementation
Powered by GitBook
On this page
  • What Is a Vault?
  • Understanding APY in Nest Vaults
  • Smart Contract Architecture
  • Related Pages
  1. Using Nest

Vaults

Understand how Nest vaults work and why they’re non-custodial and composable.

Nest vaults are the foundation of the protocol. Each vault is a non-custodial smart contract that holds diversified, yield-generating assets. They’re designed to be transparent, compliant, and composable—powering both individual users and DeFi applications.


What Is a Vault?

A Nest vault is a smart contract that:

  • Mints vault tokens in exchange for stablecoins

  • Allocates funds to a selection of tokenized RWAs

  • Accrues yield via asset performance

  • Allows users to redeem vault tokens for their underlying value

Vaults are fully onchain, audited, and non-custodial—meaning Nest never takes control of your funds.


Understanding APY in Nest Vaults

Each vault displays an Estimated APY—a forward-looking projection based on the strategy’s asset mix and past performance data, including offchain activity from real-world assets. This figure helps users assess the expected return, but it is not guaranteed and may fluctuate over time.

In the early stages of a vault’s lifecycle, returns can vary significantly as capital flows in, positions are established, and the strategy stabilizes. During this period, short-term yield may differ from long-term expectations.

To promote transparency, we also calculate and monitor the Current APY, which reflects actual yield earned onchain over the past 7 days. While not shown as the primary figure, this data is available for users who want deeper insight into recent performance.


Smart Contract Architecture

Nest vaults are built on BoringVault, a lightweight, open-source standard that emphasizes:

  • Security: Battle-tested implementations

  • Composability: Easy integration across DeFi protocols

  • Transparency: All positions and performance data are onchain

Vault tokens are standard ERC-20 tokens, making them easy to use in wallets, DeFi platforms, and integrations.


Related Pages

  • Browse Active Vaults

  • Understand Liquidity & Redemptions

  • See the Assets Behind Vaults

PreviousInstitutionsNextVaults List

Last updated 18 days ago