Basis
Crypto Basis
Audited
Vault APY
The annualized yield based on how much the vault share price changed over the last 30 days.
Formula
= current vault share price (NAV per share)
= vault share price 30 days ago
This is a rolling metric and updates daily.
TVL
$186.5K
Available networks
About
The vault takes stablecoin deposits and allocates them into institutional crypto basis and cash-and-carry strategies through the Bitwise Crypto Carry Fund, capturing non-directional returns from futur...Read more
Hourly on Weekdays
Supported apps
Yield type
Security reviews
Redemption fees
No. of holders
11,833
How the price grows
Yield is automatically reinvested and reflected in growing token price
$1.0678
+$0.016977 (+1.62% or 3.3% APY) in the last 6MWho it's designed for
1
Market-neutral yield
Earn non-directional returns from crypto futures basis spreads without taking price risk.
2
Yield diversification
Add an uncorrelated yield source alongside real-world and credit-based strategies.
3
DeFi-native carry
Access institutional cash-and-carry strategies in a composable on-chain format.
Crypto Basis
The allocation is designed to capture futures basis spreads through institutional cash-and-carry strategies. By focusing on non-directional basis returns, the vault targets yield that is largely independent of crypto market price movements.
Crypto Basis
85.57%
Delta-neutral crypto yield
US Treasuries
10.35%
Short-term U.S. government debt
Liquid assets
4.08%
Uninvested stablecoin liquidity
All yield assets live on Plume Network
Nest is built by the Plume team and runs natively on Plume Network, a real-world-asset blockchain that serves as the settlement layer to ensure institutional-grade security, regulatory alignment, and scalable settlement.
Vault updates
Crypto basis trade yields begin compressing due to crypto market environment changes, resulting in lower APYs.
Oct 11, 2025
Ecosystem
Use this token across supported apps for additional yield
App name | Network | Type |
|---|---|---|
Mystic | Plume | Lending |
Rooster | Plume | DEX |
Audits & Security
Nest is designed to meet the highest standards of safety, transparency, and compliance
Frequently asked questions
Vaults earn yield from real-world assets. The rate of return depends on the income produced by those assets (e.g., interest, royalties, lease payments).
Yield is not guaranteed. Past performance does not guarantee future results.
Learn moreWhen you mint, you deposit stablecoins and receive vault tokens representing your share of the vault. Yield is reflected in the vault token price over time. When you redeem, you return vault tokens and receive stablecoins based on the current NAV. Redemption times depend on liquidity conditions. While redemptions can take up to 7 days, the average redemption time is around 30 minutes.
Learn moreKey risks include: credit risk from underlying assets, liquidity risk during redemptions, smart contract risk, and market risk affecting asset valuations. This is not a bank deposit and is not FDIC insured. You could lose some or all of your initially deposited stablecoins.
Learn moreThe vault token price (equivalant to NAV per share in traditional funds) changes over time as the value of the underlying assets changes and yield accrues. You do not need to claim or restake for performance to be reflected in the token price. The token price reflects the total value of assets divided by tokens outstanding.
Learn moreYes. The vault smart contracts have been audited by leading security firms including Macro, Pashov, and Spearbit. Audit reports are available in the Security section. However, audits do not guarantee the absence of all vulnerabilities.
Learn moreYes, vault tokens are standard ERC-20 tokens that can be used across DeFi. You can provide liquidity, use it as collateral on supported lending platforms, or transfer to other wallets.
Still have a question? Join our Discord
Balances
Total balance
Avg. APY
Total earnings
Recent activity
Underlying assets on-chain
Asset
APY
Weight
TVL
Asset
Network
TVL
Allocation
Contract
Bitwise Crypto Carry Fund
Plume
$159,576.60
100.0%
0x4c...54cf
Total
$159,576.60
100.0%
Asset
Network
TVL
Allocation
Contract
Invesco USTB
Plume
$19,303.91
100.0%
0xe4...28a8
Total
$19,303.91
100.0%
Liquid assets
4.08%
$7,611.01
Asset allocation over time
No. of assets
2
Aug 14, 2026
Bitwise Crypto Carry Fund
89.21%
Invesco USTB
10.79%
Structure and custody
Assets quality
Legal structure
Nest DAO LLC is a corporate entity in Republic of the Marshall Islands (RMI) with an international investment business license and an LEI number 254900BB9T1QYAT04892, which can be found on GLEIF:
https://search.gleif.org/#/record/254900BB9T1QYAT04892Asset issuers
-
Compliance & AML
Assets onchain
Auditor
Cantina, 0xMacro, Pashov, Spearbit
How the price grows
Yield is automatically reinvested and reflected in growing token price
Current token price
$1.0678
Total Value Locked TVL
Based on live onchain token price and supply
Current TVL
$186.5K
Vault activity
No. of transactions
in the last 7 days
Type | Wallet | Amount |
|---|---|---|
 Redemption Claimed Aug 14, 2026, 3:27 AM | 0xb22f...2d8cc6 | -9,503.15 -$0.00 |
Redeem · Instant Aug 14, 2026, 3:04 AM | 0x7e87...e9568e | -0.00 -$0.00 |
Mint Aug 14, 2026, 3:03 AM | 0x7e87...e9568e | +0.00 +$0.00 |
Redeem · Instant Aug 14, 2026, 2:27 AM | 0xfcb3...d6ea23 | -0.40 -$0.00 |
Redemption Claimed Aug 14, 2026, 1:59 AM | 0x6096...9383cf | -46,956.07 -$0.00 |
Redemption Claimed Aug 14, 2026, 12:45 AM | 0x5e71...6959c8 | -4,695.61 -$0.00 |
Redemption Claimed Aug 13, 2026, 10:50 PM | 0x79a1...d39fc7 | -1.04 -$0.00 |
Redeem Fulfilled Aug 13, 2026, 10:02 PM | 0x79a1...d39fc7 | -1.04 -$0.00 |
Redeem Requested Aug 13, 2026, 9:31 PM | 0x79a1...d39fc7 | -1.04 -$0.00 |
Redemption Claimed Aug 13, 2026, 8:38 PM | 0x218a...0b4572 | -95.60 -$0.00 |
nBASIS token holders
No. of wallets
11,833
Holder | Balance | Holder since |
|---|---|---|
1 0x...a6 | 19,794.75 nBASIS $0.00 | 29 Jul 2026 |
2 0x...7b | 18,780.79 nBASIS $0.00 | 11 Jul 2026 |
3 0x...9d | 18,136.05 nBASIS $0.00 | 9 Nov 2025 |
4 0x...d7 | 9,959.59 nBASIS $0.00 | 27 Jun 2025 |
5 0x...fd | 9,867.51 nBASIS $0.00 | 2 Nov 2025 |
How to think about the risks
nBASIS targets non-directional yield, but outcomes depend on futures market structure and the persistence of basis spreads rather than asset price direction.
Underlying risks
nBASIS depends on the persistence of futures basis spreads generated through cash-and-carry strategies. Risks include basis compression, changes in funding rates, execution risk, and counterparty exposure within derivatives markets. Periods of low volatility or structural changes in futures markets may reduce the availability or consistency of basis returns.
Yes
No
No
Yes
No
Yes