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.
Evidence timeline
X and Telegram posts, app-native calls and on-chain activity linked to this asset.
the first stablecoin backed by tokenized stocks is coming to @RobinhoodCrypto $NEST has been building the most important piece of infrastructure nobody's talking about. A productive dollar, overcollateralized, audited by the same firm that secures $AAVE & $SKY, now coming to Robinhood if you saw what a stablecoin backed by crypto, specially ETH, back when $DAI launched, seen how $NEST grew from 0 to almost $2M TVL, watch what happens when this comes to the stockchain @vladtenev
@RobinhoodCrypto $NEST is trading at $1.41M market cap with $1.13M protocol TVL & $973K $NEST pool TVL out of $1.41M circulating $NEST, $600,000 is in the liquidity, paired with $SOL, totaling $973,000
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
the first stablecoin backed by tokenized stocks is coming to @RobinhoodCrypto $NEST has been building the most important piece of infrastructure nobody's talking about. A productive dollar, overcollateralized, audited by the same firm that secures $AAVE & $SKY, now coming to Robinhood if you saw what a stablecoin backed by crypto, specially ETH, back when $DAI launched, seen how $NEST grew from 0 to almost $2M TVL, watch what happens when this comes to the stockchain @vladtenev
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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.
$NEST 4.9m dyor 0x8e859dbdfbfd2df6a99870e2871eaa58e8784e05 okx wallet: A launchpad built directly on Pons V2. With regular Pons tokens, trading fees mostly go to the creator's wallet, or the token is only paired with a single asset. When a Nest token is created, it designates a vault. Fees flow into the vault and are swapped into a weighted basket of 2 to 8 stock tokens — combinations like MAG7, TSLA+SPCX, or AMC/GME/AMZN. Holders can get access to this basket of stocks through burn-to-redeem or claim. The trading layer fully reuses Pons V2: fixed supply of 1 billion tokens, goes through a bonding curve first, and after raising approximately 4.2 ETH, graduates to a locked Uniswap V4 pool. Base trading fee is 1%, creators can add up to 10% tax, and the launch fee of 0.0005 ETH goes to Pons. NEST is the platform token. The team states that all launchpad revenue is used to buy back and burn NEST. Since the underlying layer is still Pons V2, people are calling it "Pons 2.0." Fees no longer just go to wallets or single stocks — they go into a vault that buys baskets of multiple stocks. That said, it's still a bet on whether the Nest launchpad can consistently generate real revenue. The above content is entirely my personal understanding and analysis (dyor). If you have other opinions, feel free to discuss them in the comments.
$NEST (12h) @NestUSD