Description
NEST Protocol is an innovative DeFi project focused on enhancing oracle services via the Ethereum blockchain. Launched in 2018, it ensures off-chain price data reliability and facilitates on-chain price predictions through its NEST Oracle. Participants modify asset prices, reflecting true market values, supported by systems of incentives and verification. Key features include the creation of immutable, manipulation-resistant price sheets for digital assets, crucial for DeFi projects requiring accurate data. NEST Protocol also offers NEST tokens for governance, service payments, and participant incentives, emphasizing fairness and benefit sharing. With a total supply of 9,978,035,000 NEST tokens and 2,911,743,948 in circulation, it maintains liquidity across 49 markets. It plays a vital role in the blockchain ecosystem, providing a foundation for executing smart contracts reliably. More details can be found on their official site.
NEST Protocol is an innovative DeFi project focused on enhancing oracle services via the Ethereum blockchain. Launched in 2018, it ensures off-chain price data reliability and facilitates on-chain price predictions through its NEST Oracle. Participants modify asset prices, reflecting true market values, supported by systems of incentives and verification. Key features include the creation of immutable, manipulation-resistant price sheets for digital assets, crucial for DeFi projects requiring accurate data. NEST Protocol also offers NEST tokens for governance, service payments, and participant incentives, emphasizing fairness and benefit sharing. With a total supply of 9,978,035,000 NEST tokens and 2,911,743,948 in circulation, it maintains liquidity across 49 markets. It plays a vital role in the blockchain ecosystem, providing a foundation for executing smart contracts reliably. More details can be found on their official site.
