Endy

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.

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.

Silver is now productive @solana @Dominion_Market's $SILV, launched on Solana via @sunrise is now live as collateral on Nest. Borrow nUSD at 3% APR with up to 60% LTV while keeping your silver exposure. app.nestusd.com/borrow

Two months ago we shipped our first product. Today we're the #1 source by TVL for borrowing tokenized stocks on @solana In between: productive stablecoin live, leveraged equity tokens (2SPY, 2QQQ), equity baskets, $NEST staking with USD dividends, daily $NEST burns and much more We've also been building on EVM, starting with @Arbitrum and @RobinhoodCrypto Chain. We're not rushing it, and every product we ship is audited by @sherlockdefi, the same firm that audited Aave, Sky, and other protocols that the industry trusts with billions in TVL: our users deserve that standard The vision hasn't changed: every stock, ETF, bond, and commodity onchain. Every dollar productive by default. Every wallet holding real assets. We're just getting started and we're already the one everyone's copying Good things take time, and we're taking the time

We got borrowing against $TTWO on Nest before GTA VI 😭 Deposit your backpack tokenized Take-Two shares and borrow nUSD at 3% APR. app.nestusd.com/borrow?borro…

On $50k of JitoSOL with $25k borrowed at 50% LTV, the 12-month borrowing cost at current rates is: Nest: $750 Jupiter: $1,395 Kamino: $1,448 That’s $645-$698 less paid to borrow, or roughly 46-48% lower borrowing costs, while JitoSOL keeps earning its 5.18% APY. Jupiter and Kamino rates are variable.

Vlad Tenev (@vladtenev) launched Robinhood Chain "to make Real World Assets programmable, globally portable, and always available," then publicly asked builders to embed stock tokens into their apps CZ (@cz_binance) spent the month posting that "countries need to tokenize their stocks, allowing worldwide buyers" and that Binance's bStocks give billions "stock exposure 24/7" Brian Armstrong (@brian_armstrong) published a chart of the S&P 500 up 906% all-time and framed it: "billions of people have no access to invest in American companies. Tokenized stocks are changing that" @Solana shipped the primitives that made this category buildable at scale, then captured 96% of the on-chain tokenized stocks volume Four of the most influential voices in crypto and fintech converged on the same category in the same month. The trade isn't whether tokenized stocks matter, it's what people can do with them once billions of them can hold one Nest is the productive dollar layer for that answer. Deposit the equity as collateral, mint nUSD at 3% APR, stake into snUSD for ~6% APY. The dividend keeps flowing, the equity stays, while the dollar earns The distribution is being solved by the biggest names in fintech, and the productive layer is where Nest lives: the category doesn't need more validation, it needs more infrastructure, we're building that layer

For the builders on @Solana: Build on Nest is live. Technical documentation and TypeScript examples for every integration surface of the protocol Three paths: - Borrow: open and manage collateralized nUSD debt positions - Convert: swap between USDC and nUSD through the PSM - Stake: convert nUSD into snUSD shares Your app builds the transaction, the user's wallet signs it, our programs validate on-chain. Permissionless, no whitelist, no custody nUSD is now a composable building block for any Solana app Documentation: docs.nestusd.com Github: github.com/NestUSD/contracts

Last Wednesday, @OndoFinance launched 24/7 tokenized stocks on @Solana. Real minting and redemption at market price, around the clock, at institutional size Today, all of them become eligible collateral on Nest Deposit any of these tokens, mint nUSD against the position, stake into snUSD for ~6% APY For anyone new to the space: Ondo is the largest tokenized real-world asset protocol in DeFi, with $1B+ TVL, backed by BlackRock's BUIDL fund. The wrapper trusted by DAOs and institutional funds to bring US Treasuries and equities onchain app.nestusd.com/borrow