What is Nested Finance? Nested Finance is a SocialFi platform where users can turn their portfolio into an NFT and others can copy it but pay a portion of the fee to its creator. Nested Finance has many more cool features. .
Nested Finance is invested in by well-known investment funds such as Jump, Kenetic, Republic Capital, Lily Liu from Solana Foundation and many other investment funds. So what is Nested Finance that attracts such investment funds? Let’s find out more in this article.
What is Nested Finance?
Overview of Nested Finance
If we are familiar with the phrase Copy Trade, Nested Finance will introduce a concept called Copy Portfolio. Users can build a portfolio consisting of many different cryptocurrencies with different capital allocation % then can NFTize the portfolio called NestedNFT then other users can create a copy of NestedNFT to ” copy” NFT owner’s portfolio.
Nested Finance’s operating mechanism
For example: We have an anonymous KOL named Buu and his community
- Step 1: Buu is someone who is extremely good at the crypto market and he wants others to be able to make money from this market too. He decided to build his portfolio on 10 different tokens with a different percentage of each token and he used $1,000 to put into this portfolio. Buu’s portfolio will be NFTized into Nested NFT.
- Step 2: A member of his community with the anonymous name Khue does not know anything about the crypto market but trusts his KOL very much. Buu said that Khue can absolutely invest with her own money but according to Buu’s strategy on Nested Finance.
- Step 3: Buu made Khue a wallet. Khue then accessed Buu’s profile on the Nested Finance platform to copy Buu’s investment portfolio. Immediately, Khue’s $500 will be invested in 10 types of tokens and the % allocation is identical to Buu.
- Step 4: Buu earned money thanks to Khue copying his portfolio.
Especially when Buu takes action to buy – sell or restructure his investment portfolio, those who have copied Buu’s portfolio will also be notified about this and will they decide whether to follow suit?
In addition, in the future Nested Finance will provide more services to users such as Lending & Borrowing.
Development Roadmap
Quarter 1/2023: Tetris
- Generate passive income based on customers’ investment portfolios.
- Connect Nested App directly to users’ banking addresses
- Allows users to access Nested Finance using Web2 accounts such as Google, Twitter,…
- Price equalization strategy is implemented
- Market 1 to attract KOLs to join the platform
- Import your own assets into your investment portfolio
Quarter 2/2023: Rubik’s Cube
- Become a Lending & Borrowing platform
- Officially deploying NST token
- Updated governance features for token holders
- Market 2 to attract KOLs to join the platform
Quarter 3/2023: Matrioshka
- Add NFTs to portfolios
- Allows users to set take profit and stop loss for their portfolio
Quarter 4/2023: MineCraft
- Start diving into cross-chain
Core Team
Update…
Investor
March 2, 2022: Nested Fiance successfully raised $7.5M in Series A round led by Alan Howard takes the lead and also has the participation of Republic Capital, Kenetic Capital and CMT Digital. Investing in Nested Finance are also angel investors such as Joseph Eagan, former president of Polychain Capital, Lily Liu, co-founder of Earn, Julien Bouteloup, founder of StakeDAO, REKT, Blackpool and early collaborators of Curve, among others
Tokenomics
Overview information about Wombex Token
- Token Name: Nested Finance
- Ticker: NST
- Blockchain: Ethereum
- Standard: ERC 20
- Contract: Update…
- Total supply: Update…
- Maximum supply: 150,000,000
Token Allocation
Update…
Token Release
Update…
Token Use Case
- Gorvernance: NSST holders can participate in voting to change and improve Nested Finance.
- Staking: Users can stake NST to receive inflationary NST and a portion of the protocol fee.
- Reduced platform fees for stakers
- Pay to view private portfolios of reputable people in the market
- Use to type accounts that you feel satisfied with
Nested Finance’s Information Channel
Summary
Nested Finance is a SocialFi platform with a clear development direction and specific products. Hopefully through this article you can understand more about Nested Finance.
