1.1 - What is nest?

The HYPE-aligned MetaDEX.

Welcome to nest, the Hyperliquid Spot Growth & Yield Machine.

nest is the liquidity, growth, and yield layer of Hyperliquid. It helps assets launch, bootstrap liquidity, and scale into HyperCore - all while converting protocol revenue into HYPE for long-term holders.

On Hyperliquid, HYPE is the dominant store of value. If you build on HyperEVM but your protocol doesn't connect to HYPE value accrual, you end up with a disconnect: apps grow, tokens rotate, but the chain's core asset doesn't fully capture the upside.

nest closes that gap. From launch to HyperCore, every swap and liquidity flow routes through the HYPE Engine - converting protocol revenue into HYPE, deepening liquidity, and strengthening alignment between builders, traders, and long-term holders.

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What you can do on nest

• Swap any supported HyperEVM token with best-execution routing

• Provide liquidity across three pool types (Classic, CLAMM, Automatic) and earn NEST emissions

• Lock NEST for veNEST: earn 100% of protocol trading fees and rewards. Vote to direct emissions and capture them.

• Vote each epoch to allocate NEST emissions to pools of your choice

• Deposit into HEV for automated voting, fee compounding, and Liquid HYPE rewards

Key distinction: LPs earn NEST emissions — not trading fees. Trading fees go to veNEST holders. This is the core mechanic of a MetaDEX.