5.4 - Hyperwarp Marketplace

veNEST positions are NFTs, which means they can be transferred and, where supported, traded on secondary markets. Hyperwarp is the primary venue you’ll see used for veNEST trading.

Marketplace: https://hyperwarp.fi/mx/v3/nest

Discount: veNEST on the secondary market is listed with a discount due to it's lock period.

What you’re buying (or selling)

When you trade a veNEST NFT, you are trading:

• the locked veNEST position

• the remaining lock duration (expiry date does not change)

• the NFT’s current voting power (which trends down as expiry approaches unless managed)

Important: you inherit the lock’s remaining time. You are not “resetting” it.

Why Hyperwarp matters

Hyperwarp makes veNEST more flexible opening a secondary trading market:

• exit a lock without waiting for expiry (via sale)

• acquire veNEST exposure without creating a fresh lock

• consolidate strategy (buy larger locks instead of building slowly)

Key warnings (read before buying)

• Liquidity can be thin: listings may not fill instantly

• Check what you’re actually buying: amount locked + expiry + current power

• Secondary markets for 've' NFTs naturally are sold at a discount due to being locked

Secondary markets for locks are part of what makes MetaDEXs powerful — they turn liquidity coordination into an asset. The more veNEST is held by aligned participants, the more efficiently the ecosystem can direct incentives into the markets that grow HyperEVM.