2.2 - How nest Works
The full protocol flow, from trade execution to treasury accumulation.
nest brings together three groups with aligned incentives: Traders, Liquidity Providers, and Governance Participants. Each benefits when the protocol grows, creating a positive-sum system.
Each layer has one job and the magic is how they compound into a single flywheel.
LPs earn NEST emissions - not trading fees. This distinction is central to how nest functions as a MetaDEX.
Key mechanics at a glance
Trading fees
veNEST holders
100% of swap fees, claimable from Dashboard
NEST emissions
LPs
Weekly NEST tokens, proportional to pool vote share
Bribes
veNEST voters
External tokens paid by protocols to attract votes
HYPE Engine
Protocol treasury / HEV holders
~27% of veNEST, revenue used to buy and distro $HYPE
Assistance Fund
Protocol (NEST buybacks)
Funds permanent buyback mechanism, at team's discretion
Last updated