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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