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Glossary
Glossary
Section titled “Glossary”A quick-reference guide to terms you’ll encounter while using or exploring Nest.
AML Screening
Section titled “AML Screening”Automated wallet screening system that checks addresses against global sanction and money laundering lists. Enforced onchain by the Plume sequencer.
APY (Annual Percentage Yield)
Section titled “APY (Annual Percentage Yield)”The expected yearly return on your deposit, expressed as a percentage. Nest vault APYs are estimates based on projected performance of underlying assets.
A financial instrument held inside a Nest vault. Assets may include U.S. Treasuries, tokenized ETFs, private credit, or crypto-structured yield products.
BoringVault
Section titled “BoringVault”An open-source smart contract standard for non-custodial yield vaults. Used across all Nest vaults and audited by multiple firms.
Cicada Partners
Section titled “Cicada Partners”An institutional risk manager that provides tokenized risk assessments for assets included in Nest vaults.
DeFi (Decentralized Finance)
Section titled “DeFi (Decentralized Finance)”A financial system built on public blockchains that operates without centralized intermediaries. Nest is a DeFi-native protocol.
ERC-20
Section titled “ERC-20”A widely used token standard on Ethereum and EVM-compatible chains. All Nest vault tokens follow this format.
Nucleus
Section titled “Nucleus”Nest’s infrastructure partner responsible for powering cross-chain vault operations and integrations.
pUSD (Plume USD)
Section titled “pUSD (Plume USD)”The stablecoin used for most deposits into Nest vaults. It is the native stablecoin of the Plume ecosystem.
Chain ecosystem designed for real-world asset DeFi (RWAfi).
Redemption
Section titled “Redemption”The process of withdrawing stablecoins by redeeming vault tokens. Some redemptions are instant; others may take several days based on asset liquidity.
Tokenized Risk Assessment
Section titled “Tokenized Risk Assessment”A digital report attached to an asset or vault, outlining credit risk, regulatory status, and liquidity considerations. Typically created by third-party evaluators like Cicada Partners.
A non-custodial smart contract that holds and allocates capital to yield-generating assets. Each vault has its own strategy, APY, and redemption terms.
Vault Token
Section titled “Vault Token”An ERC-20 token issued in exchange for stablecoins. Its value increases over time as the vault generates yield. Examples include nTBILL, nALPHA, and nPAYFI.