# The HYPE-Aligned MetaDEX Powering HyperEVM

nest is the first MetaDEX on HyperEVM that transforms trading fees into amplified `$HYPE` exposure through an innovative dual rewards system. Unlike traditional DEXs that simply distribute fees, nest multiplies value through its unique HYPE Engine integration, creating a perpetual growth mechanism for the Hyperliquid ecosystem where every trade strengthens `$HYPE` accumulation and upside for users.

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### A MetaDEX Revolution For Hyperliquid&#x20;

nest combines proven MetaDEX mechanics based on 100% fee distribution with a key innovation: the HYPE Engine treasury system. This creates a value multiplication effect where trading fees flow to the HYPE Engine, which continuously accumulates `$HYPE` and issues `$MEGAHYPE` tokens that represent leveraged `$HYPE` exposure, backed by ever-increasing reserves with no liquidation risk, fully onchain. Think of it as MicroStrategy's treasury strategy for `$HYPE`, with value flowing directly to `$veNEST` voters alongside trading fees.

### `$NEST` and `$HYPE` Create Higher Economic Value

By linking `$NEST` to both trading fees and `$HYPE` exposure within a unified system, nest unlocks a powerful path to generate more economic value. As strong believers in Hyperliquid's future, the protocol is designed to uniquely capture all the key drivers pushing `$HYPE` higher; the Assistance Fund, DATs, HIP-3, Builder Codes and more. As the ecosystem grows and `$HYPE` appreciates over time, this will deliver protocol fee growth as nest rewards appreciate, leading to deeper liquidity for nest pools and ecosystem expansion.&#x20;

Many protocols promise outsized rewards but force users to sacrifice liquidity or pay exit penalties to access them. nest takes a fundamentally different approach through the HYPE Engine, creating new value streams without these traditional trade-offs. The MetaDEX architecture enables the protocol to distribute 100% of rewards back to tokenholders whilst simultaneously using the Engine's economic value to drive liquidity growth that strengthens the entire ecosystem. nest doesn't extract at the expense of tokenholders or LPs, it grows value for both participants together.

### A Transformative Value Proposition&#x20;

For `$veNEST` holders, locking `$NEST` and participating in governance captures upside from both HyperEVM trading growth and structural `$HYPE` growth drivers which are being amplified through \
treasury mechanics that compound `$HYPE`-per-`$MEGAHYPE`.

For liquidity providers, the system breaks free from the volume-dependent reward constraints that limit traditional DEXs. With `$MEGAHYPE` flowing through, `$NEST` represents both immediate fee capture and long-term `$HYPE` expansion potential, creating deeper liquidity pools that remain resilient even during quiet market periods.

This positions nest as the only DEX capable of supporting protocols through their complete lifecycle, from initial liquidity bootstrapping on HyperEVM to launching on HyperCore via the Engine treasury. This comprehensive capability establishes nest as the natural liquidity venue for the next generation of native Hyperliquid assets.

### True `$HYPE` alignment&#x20;

The protocols commitment to `$HYPE` alignment runs deep. This philosophy is exemplified by our strategic collaboration with `$USDH`, the first Hyperliquid native stablecoin that shares a vision of compounding value within the ecosystem.

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`$USDH` channels 50% of treasury yield directly to the Assistance Fund (creating permanent `$HYPE` buying pressure) and 50% to ecosystem growth. When you combine USDH's native value capture with nest you create a multiplication effect:

* **Deep Native Liquidity**: Core pairs like HYPE/USDH, UETH/USDH, and UBTC/USDH anchor the ecosystem.&#x20;
* **Aligned Incentives**: Both protocols work to grow `$HYPE` through systematic buybacks which are compounded through treasury mechanics.&#x20;
* **Network Effects**: More `$USDH` → Deeper liquidity → Better execution → Higher revenues → Stronger `$HYPE` bid → More builders.&#x20;

This partnership solidifies nest's position as the ecosystem growth engine for HyperEVM.&#x20;

### The Future is Native, Aligned, and Multiplied

This is programmatic, perpetual value accumulation that compounds with every trade, every epoch, every `$HYPE` milestone. Welcome to nest, where trading fees become `$HYPE` exposure, where native liquidity powers network effects, and where alignment isn't just a principle but the foundation of everything we build.