@NestUSD

The SEC just granted temporary, conditional relief for permissioned onchain trading of certain tokenized U.S. stocks. Trading puts stocks onchain. Nest puts them to work. Borrow nUSD against tokenized equities, keep your exposure, and access liquidity without selling. https://t.co/QpQfzzzTTe

Three months ago we deployed our first contract on Solana. Bootstrapped, with no VCs, and no paid promotions. Just a protocol and a thesis: every tokenized stock needs a productive dollar backing it 528 wallets found us on their own. They provided liquidity, minted NUSD, staked sNUSD and borrowed against their tokenized stocks The numbers after Season 1: $1.17M TVL ($1.75M all time high) $953K in backed reserves: 116% collateralized $821K nUSD in circulation 47.9M NEST staked, with 1.12M NEST burned permanently Every contract audited by @sherlockdefi, the firm behind AAVE and Sky audits Season 1 ends tomorrow and was the proof: Proof the stablecoin holds its peg. Proof the leveraged tokens track. Proof the reserves stay overcollateralized through volatility. Proof the protocol works when nobody is watching. We needed that foundation before we could build what comes next The foundation is set, and now we're moving towards a bigger Season 2 nUSD and snUSD are bridging to @RobinhoodCrypto, this month, and will be available across both chains. The productive stablecoin (6% APY, overcollateralized, Sherlock-audited) is coming to the chain built by the company where 28 million people already trade stocks. The same app your friends use to buy NVIDIA and Tesla is now building onchain. Our stablecoin is going to be there. What that unlocks for integrations with Robinhood's existing products, we'll let you connect the dots Season 2 points will run across both Solana and Robinhood Chain. Solana remains home base, but the highest multipliers will be on Robinhood Chain: the opportunity there is the largest in tokenized finance right now and we want our earliest users positioned for it Season 1 rewarded the pioneers who found us with zero traction and zero guarantees, that asymmetry was intentional and won't repeat $NEST buy and burn is increasing. Protocol revenue that built the treasury in Season 1 begins reducing NEST supply in Season 2, every dollar the protocol earns makes $NEST scarcer Final Season 1 snapshot: September 7. After that, the page turns, and we've been preparing for this.

The concern?

1,000,000 solana:68Nq68CrtLVpyvK5Un7UADiNczaGf39hBbj3diRsYj6D has officially been burned 🔥 One million tokens permanently removed from supply through Nest’s surplus revenue buyback-and-burn mechanism. Real usage. Real revenue. Real burns. And we’re just getting started, big things are coming.

Betting on the platforms that keep it productive 😉