Nest’s nBASIS vault is now live on Pendle, DeFi’s leading yield-trading platform.
For the first time, users can access market-driven institutional yield from Nest and shape it to their strategy on Ethereum mainnet. Whether that means locking in a fixed return or speculating on future performance through Pendle’s principal-and-yield token design.
This marks a major step toward making institutional-grade yield fully composable across DeFi.
How Pendle Changes the Game
Pendle has become the heart of DeFi’s yield-tokenization ecosystem, powering billions in tokenized yield trading. Now, nBASIS becomes the first Nest vault fully composable on Ethereum mainnet.
At its core, the principal-protected nBASIS yield-bearing token captures yield from regulated basis-trade strategies, or the spread between spot and perpetual futures markets.
It’s an institutional approach to DeFi yield: market-driven, actively managed, and grounded in proven funding-rate mechanisms. With Pendle, that same variable yield can now be split, traded, or fixed, giving users a new way to interact with institutional DeFi yield directly onchain.
Users can:
- Mint nBASIS on Nest and bring it to Pendle
- Choose between Principal Tokens (PTs) for fixed yield or Yield Tokens (YTs) for variable upside
- Earn Nest Points by holding or trading YT-nBASIS positions
PT holders lock in fixed returns.
YT holders take the variable side (with upside potential amplified by Nest Points rewards).
It’s a flexible, transparent system where institutional yield meets DeFi mechanics.
Nest Points + Yield = A New Flywheel
Earlier this week, we announced the relaunch of our flagship staking protocol, Nest. It’s a complete application upgrade that makes earning real yield smoother, faster, and more rewarding.
This gives users an intuitive way to track vaults, APYs, and rewards across chains. Compounding and bridging are easier than ever, and Nest now connects directly to the PLUME ecosystem, tying protocol activity to token utility.
Alongside Nest comes “Nest Points: Season One,” a new incentive program designed to reward active vault participants.
Every YT-nBASIS position on Pendle earns Nest Points.
As you deposit, trade, and compound, you’ll automatically earn Nest Points based on your daily TVL contribution, with Pendle strategy users earning a bonus on top of the nBASIS token earnings. These points can later be converted into PLUME tokens or redeemed for boosted allocations in future Nest events.
The result is a dynamic points-plus-yield model where your onchain activity doesn’t just earn, it multiplies.
Looking Ahead
The launch of nBASIS on Pendle is just the beginning.
It establishes the foundation for future Nest vaults and liquidity integrations across Ethereum — creating more ways for users to engage with institutional-grade DeFi yield.
As adoption grows, Pendle and Plume will continue working toward deeper native integrations, more stablecoin vaults, and broader cross-chain connectivity.
Institutional yield. DeFi composability. One ecosystem.
→Start exploring nBASIS on Pendle today.