Where stocks become stable dollars. nUSD is the dollar backed by real equities. Stake into snUSD, earn 6% APY. Join our Discord: https://xitter.cf/t.co/u8dJ4jij3x
Joined June 2026
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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.
app.nestusd.com
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.
Season 1 of $NEST is live, ends September 5
How to earn points:
- Meteora nUSD/USDC LP: 15 pts per $ per day (going live soon)
- Hold snUSD: 10 pts per $ per day
- Hold nUSD: 3 pts per $ per day
- Active CDP debt against xStocks: 5 pts per $ per day
Daily snapshot, public leaderboard
nestusd.com/app/season
Nest retweeted
4 ways to utilize your @xStocksFi assets in Solana DeFi 👇
1️⃣ @jupiter_earn
🔸 Earn up to 3% APY on SPYx, QQQx, NVDAx or TSLAx
🔸 Borrow stablecoins for ~5% against it
2️⃣ @jup_offerbook
🔸 Borrow USDC at a fixed rate, without liquidations
🔸 Use a variety of xStocks assets as collateral
3️⃣ @kamino
🔸 Earn a small APY on nine different xStocks assets
🔸 Borrow stablecoins for ~5% against it
4️⃣ @NestUSD
🔸 Use nine different xStocks assets as collateral for borrowing nUSD for ~3% APY
🔸 Enter automated 2x leveraged-equity products for SPYx and QQQx
The concern?
Seriously? What’s the concern you ask, @vladtenev? The list of concerns is almost existential.
U.S. securities laws are in place to protect investors. For good reason, we spend millions and millions of dollars every year to comply with U.S. securities laws. In good. conscience, how can Robinhood as a U.S. company set up an operation in far offshore Jersey, an island 3000 miles away, and market a security sort of posing as AMC in some shape or fashion, and not comply with U.S. securities laws. That is shocking and shameful.
Our past issuance of equity to strengthen our balance sheet was vital to our success. Your setting up some kind of fictitious synthetic equity market decouples stock token ownership from a company’s ability to control its own capital raising efforts.
Share ownership gives shareholders various rights, including the right to vote their shares. Your stock token pretend to be some form of stock ownership, but disclosures to the contrary notwithstanding, they are not ownership and they deprive investors of their rights.
This quasi-fake market you are creating on the island of Jersey sows distrust amongst the public about financial markets in general. There already is distrust in financial institutions, you are potentially making it far worse.
These are but a few of my concerns about your actions.
I hereby call on you and Robinhood to voluntarily CEASE AND DECIST the trading of AMC stock tokens. If you don’t, our high priced securities counsel has been asked to see whether we can force you to stop.
I also wonder how can the SEC possibly support your sham ignoring of U.S. securities laws. You can be sure we will be asking them.
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
Imagine the next decade
Every stock, ETF, bond, commodity, and equity index onchain. Every wallet holding real assets instead of synthetic wrappers. Every dollar productive by default
Someone has to build the layer that turns that world from a category into infrastructure. That takes tokenized equities and turns them into working capital. That routes value between every asset class and every application. That gives the next billion people the ability to hold, borrow, spend, and earn on their equity without ever leaving their wallet
Nest is that layer
We started a month ago with the productive stablecoin. Last week we shipped leveraged equity tokens (2SPY, 2QQQ), and soon equity baskets. Then a full mobile neobank, EVM deployment, white-label infrastructure for every fintech that wants a productive dollar backed by real assets
Every asset that gets tokenized needs a productive dollar backing it. Nest is building that layer on the chain that already ships 96% of the tokenized equity flow
The endpoint isn't a stablecoin, it's the plumbing for how the world holds, borrows, spends, and earns on real-world assets
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…
Nest retweeted
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.
This is just the beginning 🪺
BREAKING: BlackRock files with the SEC to issue tokenized fund shares on Solana.
BlackRock expanded its cash management strategy with the launch of BlackRock Daily Reinvestment Stablecoin Reserve Vehicle ("BRSRV") on Solana.
The world's largest asset manager, with $15 trillion in AUM, is bringing stablecoin reserves onchain.
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.