Everything you need to know to mint, earn, and redeem with Nest.
To use Nest, you'll need to bridge your stables to Plume and mint pUSD. You can mint it on the Plume USD page.
It's the official stablecoin of the Plume ecosystem and the standard deposit token for most Nest vaults. It's fully onchain and backed 1:1 by USDC reserves. More Info
Choose a Nest vault and stake pUSD into it. You'll mint a vault receipt token (designated by nTOKEN naming convention) - for example nBASIS, nETF, nALPHA.
Your nTOKEN goes up in value when yield is paid into the vault (daily, weekly, and monthly)
Redeem your nTOKEN at the vault to claim your initial staked pUSD and yield. You can redeem your token at the vault level or sell it on DEXes like Rooster. Liquidity and redemption times vary by vault.
*Some vaults offer same-day liquidity. Others require 7 day cooldown. Most vaults have a 30% liquidity buffer using nTBILL, which has both atomic as well as same-day liquidity.
Vault Receipt Token
ERC-20 receipt token users mint when they stake stables into vaults. Vault token value goes up when yield is paid into the vault.
Yield
pUSD payments made to the vault from regulated financial assets that the vault buys. Some assets increase in value instead of paying in pUSD into the vault.
Non-custodial
You own both nTOKENs and pUSD in the vault - Nest never takes custody.
A wallet (e.g., MetaMask, Rabby, Zerion)
Stablecoins (typically pUSD)
Access to the Nest App
While Nest is permissionless, Plume enforces onchain AML screening at the sequencer level. This ensures compliance with global regulations without requiring KYC or offchain checks. This means that anyone with a wallet can use our vaults to earn.
Learn more about this system here.
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