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.

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Key mechanics at a glance

Mechanism
Who Benefits
How

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

~40% of fees accumulate as MEGAHYPE

Assistance Fund

Protocol (NEST buybacks)

USDH revenue funds permanent buyback mechanism

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