What is Plume's Nest product? A complete guide to how it works

table of contents

What is Nest and what Nest has to offer How Nest worksUnderstand Nest VaultTypes of assets in Nest VaultPlume Notable assets in Nest VaultHow Nest handles liquidity and redemptionsUnderstanding the APY in Nest VaultSmart contract architecture behind NestCompliance and AML screeningWhat you need to use NestHow to make money with NestRWA in Plume Role of Ecosystem Conclusion Resources:

plume network‘s nest products A non-custodial RWA staking protocol that allows users to stake stable coinmint vault receipt tokens and earn yield from real-world assets held by regulated financial institutions. This will give users direct on-chain access to assets such as U.S. government bonds, private credit, collateralized loans, and high-yield ETFs. This model connects traditional financial markets to decentralized finance without the need for KYC, intermediaries, or off-chain processes.

Nest launched with Plume Genesis in June. Since then, it has become a core part of the Plume ecosystem and one of the most used RWA tools in the network. We combine carefully selected vaults, regulated asset partners, and simple staking flows. Deposit stablecoins, mint vault tokens, earn yield, and use it in various areas. DeFiredeemable at any time as liquidity permits.

What is Nest and what it offers?

Nest is Plume’s flagship on-chain RWA staking protocol. Designed to enable access to regulated financial assets in permissionless DeFi.

What nest does

Users can stake pUSD stablecoins in vetted and audited vaults
Purchase tokenized assets from public and private markets
Mint Vault Receipt Token (nTOKEN) Rising in Value as Yields Inflow
Allows nTOKEN to be used in lending markets and DEXs across Plume
Supports same-day or delayed liquidity redemptions depending on vault type

All vaults are completely on-chain and not stored. Nest does not hold any of your funds. Assets within the vault cannot be moved outside except through permitted redemption flows.

Why use Nest?

Nest was designed for people who want to:

Real world income: Yield is derived from regulated assets within the vault.
DeFi flexibility: nTOKEN can be used in lending, trading and other applications.
No KYC: Anyone with a wallet can access the vault, except for users in OFAC-approved regions and the United States.
Built-in compliance: Plume screens transactions at the sequencer level via on-chain AML.

This protocol blends traditional financial rules with open access for cryptocurrencies.

How nesting works

Before using Nest, users bridge their stablecoins to Plume and mint pUSD, the stablecoin used by most vaults. pUSD is backed 1:1 by USDC and is completely on-chain.

Once the user has pUSD, the Nest workflow becomes easier.

stake a stablecoin

The user selects a safe and stakes pUSD. Vault buys a carefully selected mix of tokenized RWA. These assets remain locked within the vault and cannot be transferred individually.

Create a Vault Receive Token

Stakers receive ERC-20 vault receipt tokens. Examples include:

This token represents the user’s location. Every time the underlying vault assets produce yield, their value increases.

Earn money daily or weekly

Yield is displayed in two ways:

pUSD was paid into the safe By interest-bearing assets
rise in asset prices For products that increase in value rather than paying income

The value of nTOKEN is adjusted to reflect the incoming yield. Returns vary from safe to safe based on the composition of the underlying assets, liquidity, and strategy.

Use tokens across DeFi

Since nTOKEN is a standard ERC-20 token, users can:

Please lend me
use as collateral
Trade on DEX such as Rooster.

This gives the vault position a deeper utility beyond simple staking.

exchange for stable

Users burn nTOKEN in the vault and receive:

Original pUSD deposited
Positive or negative yield based on asset performance

Liquidity varies by vault type. Some items can be redeemed on the same day. Others require a 7-10 day cooldown.

About Nest Vault

storage It is the core of the Nest system. Each vault is an on-chain smart contract built on BoringVault, a lightweight open-source architecture used by multiple RWA protocols.

Nest Vault:

Accept pUSD deposits
Allocate funds to vetted and tokenized RWA
Track positions and yields on-chain
Redemption possible at market price

The safe does not store funds. Assets are held by third-party regulated custodians, including BNY Mellon, State Street, and Alpaca Securities.

Types of assets in Nest Vault

Assets in Nest Vault are sourced from regulated financial institutions and licensed operators. These assets are selected for regulatory compliance, storage security, and yield reliability. Each vault is audited and built to provide clear on-chain transparency.

Main asset categories

us treasury debt
High yield bond ETF
Senior secured private credit
Floating rate loan ETF
Tokenized private credit products
Treasury options income ETF

These assets provide users with diversified exposure across credit, interest rate products, and institutional-level investments.

Plume Nest Vault Notable Assets

According to Nest’s documentation, the main assets used throughout the Nest strategy are:

BLACK ROCK BUIDL

Tokenized US Treasuries
Administrator: BNY Melon
APY: ~4.50%
Where to use: Nest Elixir Vault

Blackstone SRLN

Floating rate loan ETF
Publisher: Dinari
Custodian: Alpaca Securities
APY: ~7.89%
Where used: Nest Alpha Vault, Nest ETF Vault

back (simplified)

Treasury options income ETF
Administrator: BNY Melon
APY: ~8.00%
Where to use: Nest ETF Vault

DigiFT iSNR

senior secured private bonds
Administrator: State Street, DigiFT
APY: ~8%
Location: Nest Alpha Vault, Institutional Vault

goldfinch prime

private fintech credit
Admin: Fireblocks
APY: ~10%
Where to use: Nest Credit Vault

These assets form the building blocks of a diverse revenue strategy within the Nest ecosystem.

How Nest handles liquidity and redemptions

Liquidity varies depending on the assets within each vault. Because the vault contains a mix of public and private market assets, redemption rates vary.

same day liquidity

Some vaults allow redemption within the same transaction or within a few blocks. These vaults hold assets that are quickly settled in the open market. Suitable for users who want quick access to funds.

fluctuating liquidity

Other vaults require a waiting period of approximately 7-10 days. These vaults hold slow-settled private credit, debt instruments, or assets traded through regulated partners. During the waiting period, the Fund will continue to earn income until your request is processed.

Most Vaults 30% liquidity buffer Use nTBILL to provide both atomic and same-day liquidity. Users can track their redemption status directly within the app.

About Nest Vault APY

Nest displays two types of APY metrics.

Estimated APY

This forecast reflects expected returns based on asset mix, historical data, and strategy design. This is a forward-looking statement and is subject to change as the vault situation adjusts.

Current APY

This number reflects actual revenue earned on-chain during the most recent 7-day period. This helps users monitor recent performance. Early in a vault’s lifecycle, APYs can fluctuate as the strategy scales and balances capital.

These two numbers give users a clear picture of both expected and achieved performance.

The smart contract architecture behind Nest

Using Nest Vault bowling vaulta standard that prioritizes simplicity, security, and configurability. The architecture includes:

Minimal, proven smart contracts
Full on-chain tracking of assets and revenue
Easy integration with ERC-20 vault tokens

This allows developers to connect Vault tokens to lending protocols, DEXs, and revenue platforms without any special adjustments. All deposits, revenue events, and redemptions are visible on-chain.

Compliance and AML screening

While Nest does not require permits, Plume enforces strict compliance standards.

Compliance system

plume runs AML and sanctions screening at sequencer level
There is No KYCmaintain open access
users of OFAC accredited countries and the United States Unable to participate
Vault assets are only available from regulated institutions and licensed operators

This setting provides a balance between encrypted native access and institutional compliance.

What you need to use Nest

User must have:

Wallets like MetaMask, Rabby, Zerion, etc.
Stablecoin (converted to pUSD with Plume)
Accessing the Nest app

Before staking, users visit the Plume USD page to mint pUSD. Once minted, pUSD becomes the default deposit token for most vaults.

How to make money with Nest

The acquisition process involves three steps.

1. Mint Vault Token

Choose a vault, stake your pUSD and mint the corresponding nTOKEN such as nBASIS or nETF.

2. Track your yield

nTOKEN increases in value as the vault receives yield. Some vaults distribute revenue daily, while others rely on weekly or monthly cycles. As the asset value increases, the value of nTOKEN also increases.

3. Redeem or sell

Users can redeem nTOKEN for the underlying pUSD or sell it on a DEX such as Rooster. Some vaults allow instant termination, while others apply a cooldown.

These steps make Nest an easy entry point to tokenized fixed income assets.

Role of RWA in plume ecosystem

Plume is a layer 1 blockchain designed for real-world assets. Supports:

tokenized credit products
tokenized treasury
Tokenized ETF
private credit products
On-chain compliance

tools like plume passport, arcand nexus Asset creators and users can migrate RWA to DeFi without building custom infrastructure.

There is strong interest in Plume’s growth. The network launched its mainnet in June 2025 and currently has over $200 million in TVL. The company ranks number one in active RWA holders and is backed by 25 institutional investors including Brevan Howard Digital, Haun Ventures, Galaxy, Apollo, Anchorage Digital, and YZI Labs.

Its most significant milestone was the launch of the first regulated tokenized money market fund between Hong Kong and Singapore, jointly established with China Merchants Bank International (CMBI) and DigiFT.

conclusion

Nest is Plume’s core RWA staking product, built for users who want access to stable, regulated, high-yielding assets on-chain. It offers non-custodial vaults, carefully selected tokenized assets, transparent performance tracking, and compliance enforced at the sequencer level.

Through pUSD staking and nTOKEN Mint, users will have direct access to institutional-grade products such as government bonds, private credit, loans, and ETFs. Nest fits into Plume’s broader goal of allowing real-world assets to access and function within DeFi while maintaining the openness of cryptocurrencies.