In other words, it is a DeFi platform that allows users to place multiple digital assets as ERC20 type tokens inside a single NFT token. Each NFT issued by Nested Finance is backed by underlying assets, which have real market value. The goal of Nested Finance is therefore to tokenize wallets in the form of NFTs. At the end of the creation process, the user receives the NFT which encrypts every detail of his wallet and which is naturally called Nested NFT.
We take a closer look at the phenomenon !
Personalized finance: when DeFi and NFT enter a new era
NFTs have been in all mouths for several months, it’s a fact. Art, property rights, authentication, copyrights, individuals discover the tremendous potential of this asset class that allows each unit to be unique a bit like DNA for human beings. In the clear, the explosion of NFT was concurrent with the explosion of the DeFi sector.
Nested Finance has therefore set itself the objective of creating a unique NFT, the NestedNFT, while giving the possibility to users to reproduce as desired these NestedNFT. Indeed, in the manner of influencers, the original creator of the NestedNFT receives royalties each time a copy of his NFT is made, and you will have understood, the larger the audience, the more flourishing the revenues. The inspiration you provide to other budding investors and the ability to forge copies of your strategies will generate for you rewards in the form of royalties up to 20% of the applied fees when creating or replicating an NFT will be returned to the original creator of the wallet.
Nested Finance provides its users with a real marketplace where it is possible to offer your NFTs, a bit like copy-trading.
I illustrate this: you create a NestedNFT with all the underlying assets that you meticulously selected during the creation process. Your cousin has 200 ETH he’s looking to place. You can then offer to copy your strategy to the Nested Finance platform and replicate your portfolio. The Nested Smart Contracts will then buy all the underlying assets identical to yours on the decentralized exchanges and give it its own NFT. You will then receive a royalty in exchange for this well-conducted copyright.
As you will have understood, you do not have to be a diviner to see how ambitious this project is. Long term, the platform could simply become a true DeFi hub where every investor can build, manage, track and even replicate portfolios and then back them up and borrow digital assets. It’s time to unleash your inner influencer ! NestedFinance even wants users can generate passive income simply by holding NestedNFT or by borrowing stablecoins for which your NestedNFT would be the guarantee.
But beyond the NFT that remains the central piece of the project, let’s also look at the particularity of what can be called DIY finance (Do it yourself) or “homemade”. Indeed, Nested Finance claims to offer users the ability to simply and from scratch create a crypto-asset portfolio. From the selection of assets to their weighting, to the amounts invested, the entire process is guided with particular care for the user experience, all based on a smart contracts architecture designed to optimize the NFT creation process in just a few seconds. And when it comes to customization, you are spoiled since you can name your wallet as you like !
Nested Finance: the next generation DeFi portfolio
I grant you, this new project seems completely crazy and it may try more than one ! But, let’s take a closer look at what really differentiates it from a traditional DeFi platform. Because the DeFi pursues a noble challenge of putting an entire planet on an equal footing by allowing quite simply to invest, to lend, to borrow without ever depending on a third party. NestedFinance has therefore set itself the ambition to combine the best of the two worlds of NFT and DeFi in order to offer an open and easy-to-use platform that will allow everyone to benefit from the assets of decentralized finance without any limits by turning investment strategies into unique NFTs. A way to shape the finance of tomorrow.
And here are the main features of creating a portfolio on Nested Finance (finish) :
▪️ Possibility ofinvesting by replicating another investor’s portfolio
▪️ Possibility of earn royalties every time one of your NestedNFT wallets has been replicated by another user and thus gain influence
▪️ Ease ofentry into the DeFi and NFT market one click
▪️ Wallet tracking by simply scanning the NestedNFT Token Smart Contract
▪️ One-click market exit in burning NestedNFT tokens
▪️ Possibility ofhave a return by holding NestedNFT tokens
▪️ Using your NestedNFT as a guarantee to borrow stablecoins.
The Nested Finance Token is based on ERC-20 but what to remember is that the Nested Finance project creates a new paradigm where everyone can now build, manage, track, replicate wallets, earn interest and borrow stablecoins on a single platform with a single NestedNFT token.
The NST token: governance at the heart of a thriving ecosystem
You know it better than me, it’s like a beautiful race car, it’s not enough to have a good driver and a good team, you also need the fuel and the engine to power it. It is precisely the role of the NST token, the fuel that powers the entire Nested Finance platform. And this token has several roles: first, it allows to acquire rights and powers over future developments in the protocolthe concept of decentralization and network; but it also serves to paying NFT creators, and to absorb the costs of creating, modifying and destroying portfolios.
In its strategy tokenomics, Nested Finance has thought of everything in governance : pre-mined in limited quantity, a strategy to buy back and burn TsNS is intended to limit the total amount of tokens in circulation.
But the project does not end there, and Rudy thought about what to do next :
- ETH-NST and USDT-NST liquidity pools will be gradually implemented
- for one staking feature will allow access to blockchain rewards
- the NST may, in time, be used for receive larger royalties and pay less fees
In short, these governance rules must enable thearantir decentralization and increase the value of the NST token quite widely.
NestedFinance promises to open a new chapter in the history of decentralized finance. It pursues a real ambition to put the individual at the center of financial issues by allowing him to have new rights and privileges and thus to open a new financial culture. By synthesizing DeFi and NFT, Nested Finance opens a new way of personalized finance. We will follow this ambitious project closely and we recommend you, not to miss a crumb, to subscribe to all their communication channels (Telegram, Twitter) in order to follow the progress of this new generation platform.
