Nest
A plain-language guide to the products, assets, and risks in the Nest protocol.
Nest lets you use supported assets on Solana without having to sell them. You can deposit collateral and borrow nUSD, convert between USDC and nUSD, stake nUSD for snUSD, or stake NEST for protocol-funded nUSD rewards.
Borrow nUSD
Use supported tokenized assets and crypto assets as collateral.
Convert
Move between USDC and nUSD through the protocol.
Earn with snUSD
Stake nUSD into a share token whose redemption value can grow.
Start here
| If you want to… | Read |
|---|---|
| Understand what nUSD is | nUSD |
| Borrow without selling supported assets | Borrowing |
| Buy or redeem nUSD with USDC | Convert USDC and nUSD |
| Stake nUSD and understand snUSD | snUSD |
| Stake NEST and claim nUSD rewards | NEST staking |
| Understand NEST revenue, buybacks, burns, and rewards | Tokenomics |
| Verify official programs, tokens, and protocol accounts | Contract addresses |
| Use the 2SPY or 2QQQ products | Leveraged equities |
| Earn and view Season points | Points |
| Understand the main risks | Risk |
Wallet-signed and enforced on-chain
You connect a Solana wallet and approve transactions. Deposited assets move into program-controlled accounts, and Nest's on-chain programs enforce collateral custody, debt, conversion, staking, and vault accounting rules.