Nest Protocol

What is NEST Protocol?

NEST Protocol is a decentralized trading infrastructure known as the martingale network. Utilizing smart contracts, NEST eliminates the need for market makers and LPs, offering traders nearly infinite liquidity through risk sharing. The project comprises three core modules:

What can NEST Protocol do?

• Decentralized Exchange: Simplifies the development of decentralized exchanges, saving costs and focusing on marketing efforts.
• Financial Derivatives Supermarket: Enables the design of various financial derivatives and income models.
• On-chain and Off-chain Risk Hedging: Provides hedging transactions without relying on market makers, facilitating one-click hedging.
• Economic Framework of Metaverse and GameFi: Allows the creation of fair games and unified value measurement across different games.
• Lottery, Prop Synthesis, etc.: Facilitates basic designs based on randomness.

NEST extends its application space on top of Ethereum, providing a decentralized protocol based on smart contracts.

NEST Oracle

NEST Assets: Generated and burned by NEST smart contracts, providing currency units for martingale transactions. NESTcraft: Converts various on-chain random sources into a super martingale function library, offering customizable martingale trading options.

The protocol serves a variety of purposes, including decentralized contract exchanges, financial derivatives supermarkets, risk hedging, Metaverse and GameFi economic frameworks, lottery, and prop synthesis.

Advantages and How It Works

The NEST Oracle offers several advantages. Firstly, it is decentralized, meaning it is open and accessible to all without any fees, allowing for broad participation without the need for centralized oversight. Secondly, it ensures security and robustness by guiding price information towards equilibrium within the protection of its mechanism, making it resilient against potential price attacks.

NEST Oracle operates by utilizing valuation and quotation assets, employing a verification process to guarantee the accuracy of prices. Additionally, it calculates mining volume per block and employs attenuation over time to uphold stability within the system.

Issues and Solutions by NEST

In traditional trading paradigms, both on-chain and off-chain worlds operate under the Pareto trading paradigm, necessitating clear buyers and sellers. Smart contracts mitigate trust risks, but on-chain trading faces challenges like high cancellation costs and poor liquidity.

NEST proposes a novel trading paradigm leveraging martingale trading and a decentralized trading network. By utilizing blockchain technology and risk sharing, NEST provides traders with unlimited liquidity, revolutionizing on-chain trading.

NEST Tokenomics

• Issuance and Burning Mechanism: NEST tokens can be burned or generated according to on-chain instructions. All financial products can be traded with NEST smart contracts, providing nearly infinite liquidity.
• Risk Sharing for Token Holders: NEST token holders bear the result of changes in the total amount of NEST coins, ensuring long-term value appreciation.

Team Background

The coordination of the NEST protocol is overseen by the NEST DAO, with various organizational branches contributing to its development and promotion. The NEST Research Academy (NRA) comprises practitioners from academic and industrial institutions in Europe and North America, offering technical and theoretical support and maintaining partnerships with entities like Vitalik, the Ethereum Foundation, and media outlets.

The NEST Influence Block (NIB) focuses on disseminating NEST's concepts and vision through media campaigns and community engagement on platforms like Twitter and Discord. The NEST Developer Alliance (NDA) spearheads core protocol development, peripheral applications, and cultivates developer communities.

Meanwhile, the NEST Community drives community growth, consensus building, and manages the coin-holding population, aspiring to become the largest distributed community in the industry. Together, these branches work towards advancing the goals and adoption of the NEST protocol.

Intergartions and Investors

List of NEST's intergrations and investors: Houbi, binance, Coinbase, Polygon, KCC, CoinTelegraph, Cube, PeckShield, ForTube, CoFix, Parasset, Certik, and Dragonfly.

Project Development

In response to a hacker attack on Poly Network in July 2023, where a substantial amount of NEST tokens were maliciously issued, the decision was made to replace the NEST token contract on the Ethereum network with NEST 2.0. The old contract addresses for NEST 1.0 on both Binance Smart Chain (BSC) and Ethereum were provided, along with the new contract address for NEST 2.0, applicable to both BSC and Ethereum. Users were urged to refrain from engaging in transactions associated with the hacker's address and to avoid purchasing NEST tokens on Ethereum-based decentralized exchanges.

Replacement requests were to be submitted through the provided website, with a manual review process scheduled at specific intervals. Failure to replace tokens within the specified timeframe would absolve NEST of any responsibility for resulting losses. Efforts were pledged to safeguard token holder rights and ensure a smooth replacement process, with updates available on the official Twitter account.

Nest Protocol Price Analysis

As of November 24 2024 Nest Protocol has a marketcap of $6M. This is {{percentagefromath}} from its all time high of $0.237647. In terms of its tokenomics, there's a total supply of 10B with 59% currently outstanding. Keep in mind Nest Protocol has a fully diluted value of $10M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.