Solana Ecosystem

<p>Nest is a permissionless stablecoin protocol on Solana that issues nUSD — a dollar-pegged token backed by tokenized equities (via xStocks) and USDC reserves. Users deposit approved tokenized stocks as collateral to mint nUSD; the peg is maintained through a PSM allowing 1:1 redemption against idle USDC reserves. Staking nUSD into snUSD routes protocol revenue — stability fees and base reserve yield — to holders in the form of a growing redemption value, with a target APY of 6%. Price feeds are provided by Pyth; lending infrastructure runs on Kamino. The NEST token serves as the protocol's governance token and does not carry a dollar peg.</p>

Nest

Nest is a Solana stablecoin protocol backed by tokenized equities and USDC reserves.

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Stay updated with the latest news, social media updates, and information about %name%. Gain valuable insights into market trends and stay informed about the vibrant community discussions.

%name%: Latest News, Social Media Updates and Insights

In Brief

Crypto projects bought back $638 million of their own tokens this year.
Hyperliquid and Pump.fun account for nearly 90% of all repurchases.
HYPE gained roughly 218% while LDO and LINK each fell sharply.

Crypto projects have spent a record $638 million buying back their own tokens this year, and nearly 90% of it came from just two of them.
Hyperliquid (HYPE) and Pump.fun (PUMP) have both more than doubled since January. The four other projects running repurchase programs range from...

Latest Nest News and Social Media Feed

Crypto Projects Spend Record $638 Million on Token Buybacks — Only Two Are Winning