NESTFi Decentralized Perpetual Exchange Review

What is Nest Protocol?

The NEST Protocol serves as a decentralized trading foundation, often referred to as a martingale network. It employs smart contracts to remove market makers and liquidity providers, offering traders virtually limitless liquidity via risk sharing.

In addition to the NESTFi perpetuals DEX, NEST Protocol consists of three key components: NEST Oracle, NEST Assets, and NESTcraft. NEST Oracle delivers decentralized on-chain pricing data, while NEST Assets are created and destroyed by NEST smart contracts, supplying currency units for martingale transactions within NEST. 

NESTcraft, on the other hand, transforms various on-chain random inputs into a comprehensive martingale function library, granting access to a wide array of customizable martingale trading alternatives.

NEST Protocol Features & Capabilities

The NEST Protocol offers a vast array of potential applications:

Decentralized Exchange

Derivatives exchanges must address technical support, asset custody (risk management), liquidity support, and marketing. By using the NEST Protocol, developers can create a decentralized exchange by simply designing a front-end page, thereby saving on the first three costs and allowing them to concentrate on marketing efforts.

Financial Derivatives Marketplace

Leveraging NESTcraft, numerous innovative financial derivatives can be devised, including barrier options, Asian options, two-way options, and appealing returns like square-root, squared, and exponential returns.

NESTFi is the Decentralized Perpetual Exchange by Nest Protocol.

NEST Token Economics

Issuance and burning mechanisms:

$NEST tokens can be either burned or generated based on the instructions of the on-chain protocol. The creation of financial assets will lead to the burning of NEST tokens, while the settlement of these assets will result in new NEST tokens being issued.

For more: https://decentralised.news/nest-protocol-review-2023