NEST Protocol (NEST) - a decentralized price oracle based on Ethereum.

[NEST_Fan]

Introducing Quote Mining: Liquidity Farming With More Profit
What is Quote Mining?
Quote mining is a revolutionary new form of staking that is similar to liquidity mining — where users stake assets and receive ecosystem tokens as reward. Rather than provide liquidity, quote mining provides real-time crowdsourced price quotes to feed into a decentralized oracle to strenghten the entire ecosystem!
Here is an example of how to get into Quote Mining:
Users add a small amount of liquidity into an AMM pool with an ERC20 token and matching ETH with the proper market price quotation in a smart contract. After the staking has been executed, the user will receive a “Quote Ecosystem Token” as a reward for their contribution.
The “Quote Ecosystem Token” is likely a combination of LP token and a reward token.
The “Quote Miners” pay 1% of the ETH staked as a fee to quote mine, which is distributed evenly to the “Quote Ecosystem Token” holders.
The small pool is permissionless to all users on the Ethereum network for arbitrage opportunities.
After aproximately 25 blocks have been confirmed (roughly five minutes), the small pool will be closed. The staked assets will be returned to the miners via smart contract execution.
Since the liquidity pool staking period only requires ~5 minutes, the chances of impermanent loss are greatly reduced — as long as the miners are not maliciously staking the price ratio that deviates from the actual asset price.

[NEST_Fan]

What is impermanent loss?
Impermanent loss is a temporary loss of funds occurring when providing liquidity. The liquidity provider (LP) has to provide both assets in a correct ratio and one of the assets is volatile in relation to the other, for example, in a Uniswap DAI/ETH 50/50 liquidity pool. If ETH price goes up, the pool has to rely on arbitrageurs continually ensuring that the pool price reflects the real-world price to maintain the same value of both tokens in the pool. This basically leads to a situation where profit from the token that is appreciated in value is taken away from the liquidity provider. At this point, if the LP decides to withdraw their liquidity, the impermanent loss becomes permanent.
Impermanent loss has become one of the main enemies of DeFi yield farmers, as arbitrageurs take profit while the assets staked are in volatile positions. Can we really have a %1000+ APR returns through liquidity mining?
Source: https://finematics.com/impermanent-loss-explained/

[NEST_Fan]

Nest Protocol Web terminal 1.0 Release & Quote Mining Contest

On Sep 23, 8 PM HKT Nest Protocol Web terminal 1.0 will be available for users for quote mining, along with quote mining contest for YFI/ETH pair.
With the web terminal launch, there will be a quote mining contest.
Join nYFI quote mining, win from a pool of 50000 Nest tokens (6 day campaign)
The campaign will last Sep 23, 8 PM HKT to Sep 28 8 PM HKT
Quote mine nYFI by staking YFI/ETH with a quote price though the Nest Dapp, or the Web terminal(link will be announced on Nest Fans Twitter)
Requirement for rewards:
Perform quote mining at least 1 times
prizes:
We will find the qualified miners through on-chain data, and the first 100 miners will get 500 Nest tokens each
The reward will be distributed within 36 hours after the event ends

[NEST_Fan]

For the NEST Future chance and roadmap :
1.  Anyone who can open a price oracle for an encrypted asset on the NEST Protocol, so that the encrypted asset has an on-chain price; as a precondition, if an encrypted asset wants to enter the DeFi world, it must have an on-chain price. Only when it is referenced by more DeFi protocols can the asset possess the attributes that crypto assets should have, especially financial attributes. (HBTC/ETH, YFI/ETH, DAI/ETH and other quotation scales have begun to develop).
Whether you are a project side, a developer, a miner, or a investor, as long as you have the intention, you can take the oracle track that you think will be more valuable in the future in the NEST Protocol, with a 5% mining revenue right.
2:  DeFi + NEST = CoFi computable finance will bring NEST to a new height, which will launch the new directions and fields in the blockchain industry. (CoFiX DEX has entered the mainnet testing phase)

[NEST_Fan]

NEST Web is Live Now ⛏️

Start quote mining your $nYFI here👉 http://nestdapp.io
#quotemining $YFI $NEST $ETH

Quote mining is a revolutionary new form of staking that is similar to liquidity mining — where users stake assets and receive ecosystem tokens as reward. 🧑‍🌾

[NEST_Fan]

Quote miners from #NEST

Providing liquidity for nYFI/USDT pair in #uniswapUnicorn

For those who are too lazy to #quotemining

Check out this link:
https://uniswap.info/token/0x075190c6130ea0a3a7e40802f1d77f4ea8f38fe2

(Notice:  For Uniswap NToken0031 is nYFI)
Contract Address: 0x075190c6130EA0a3A7E40802F1D77F4Ea8f38fE2

[NEST_Fan]

BigONE will open NEST (NEST Protocol) trading and launch NEST / USDT trading pair
https://support.bigonechina.com/hc/en-us/articles/900002849923-BigONE-will-open-NEST-NEST-Protocol-trading-and-launch-NEST-USDT-trading-pair

[NEST_Fan]

2020.9.18-9.25 $NEST Weekly Revenue:

Total income of NEST system this week: 1014.6905 #ETH

System income savings contract: 102.9381ETH

NEST holder income #distribution: 911.7524 ETH

One million NEST holds income: 0.5315 ETH

[NEST_Fan]

Nest Protocol Quote Mining Guide

https://medium.com/nest-consensus-labs/nest-protocol-quote-mining-guide-5f67348a9b3f

[NEST_Fan]

cofix webite: https://cofix.io/

CoFi: Computable Finance

The public blockchain chain can eliminates the risk of credit, #NEST #Oracle brings a quantifiable information source on the chain and computable financial products can be designed

[NEST_Fan]

The second Decay countdown for $NEST Mining block rewards:
https://nestfans.com/nest/stat

[NEST_Fan]

William WANG, [01.10.20 14:09]
705% APY  currently on $nYFI #quotemining.

207 ETH pool for weekly dividend for $nYFI holders.

Join in on the hottest DeFi protocol now at: https://nestdapp.io/

$nYFI Uniswap link: https://uniswap.info/token/0x075190c6130ea0a3a7e40802f1d77f4ea8f38fe2

[NEST_Fan]

25/09/2020~02/10/2020

Total #revenue of NEST system this week: 1582.3496 ETH

System revenue savings contract: 216.4699 ETH

NEST holder revenue distribution: 1365.8797 ETH

One million NEST holds revenue: 0.7898 #ETH

10K NEST holds revenue: 0.007898 #ETH

[NEST_Fan]

Nest Protocol ( $NEST ) is now on DeFi Swap!
https://blog.crypto.com/nest-on-defi-swap/

NEST Protocol (NEST) is now available on DeFi Swap. Users can swap NEST, be NEST Liquidity Providers to earn fees and boost their yield by up to 20x when staking CRO.

NEST Protocol is a distributed price oracle network that is on the Ethereum mainnet. It uses a unique "quotation mining" mechanism to ensure that off-chain price facts are generated on the chain synchronously. NEST Protocol provides price data that is directly generated on the chain, which solves the industry problem of a lack of price facts on the blockchain.

NEST joins a growing list of tokens on DeFi Swap, such as REN (REN), UMA (UMA), Swerve (SWRV), Harvest Finance (FARM), Uniswap (UNI), Wrapped Bitcoin (WBTC), Yearn Finance (YFI), (Wrapped) Ether (WETH), Tether (USDT), USD Coin (USDC), Dai (DAI), Chainlink (LINK), Compound (COMP) and Crypto.com Coin (CRO).

Start swapping, farming and staking now.

[NEST_Fan]

2020.10.02-10.09 $nYFI Weekly Revenue:

Total revenue of nYFI Oracle system this week: 238.1033 #ETH

System revenue savings contract: 23.8103ETH

nYFI holder revenue #distribution:  214.2929ETH

10,000 nYFI holds revenue: 2.9470 ETH

1,000 nYFI holds revenue: 0.2947 #Ethereum

[NEST_Fan]

We are launching CoFiX!
https://medium.com/cofix/we-are-launching-cofix-95d7c056ec63

[NEST_Fan]

NEST is very proud to join Asia DeFi Alliance (ADA) , and we will collaborate closely with the alliance and other members to promote the healthy growth of Decentralized Finance and the mass adoption of DeFi.

About Asia DeFi Alliance (ADA)

Asia DeFi Alliance (ADA) was launched by MoonSwap in collaboration with leading blockchain and DeFi institutions including OKLink, BlockGlobe, Loopring, NEST, dForce, Fortube, DeFiner, Golff, etc. Together with leading Asian DeFi projects and DeFi-related blockchain enterprises, ADA aims to bridge Asian DeFi community with the world, become the major DeFi evangelist, promote the study and discussion of the industry as well as the mass adoption of DeFi. ADA strives to push the creation of a complete DeFi ecosystem, leading DeFi to grow in a more healthy way

[NEST_Fan]

Start liquidity mining on CoFiXProtocol the most efficient AMM DEX, built for #DeFi.

Powered by NEST Oracle, it is backed by industry leaders dragonfly_cap and coinbaseVentures.

[NEST_Fan]

nYFI Staking Income in NEST Protocol: Sustainable DeFi with High APR

It has been three weeks since YFI-ETH price oracle launched on NEST Protocol. The following chat is a summary of weekly APR calculation of nYFI’ staking income.
From the first day YFI price oracle was created on NEST Protocol, nYFI has seen tremendous growth in the APR returns for the token stakers. Compared to other flagship DeFi protocols, which only get ~10%-20% APR maximum, nYFI’s staking income has consistent high APR percentage which is sustainable.
For those of you that are new here, each price oracle feed on NEST is produced by a mechanism called “quote mining”, where the miners are rewarded an “nToken” corresponding to the price oracle asset. Once you mine the “nToken”, the best way to earn more rewards is staking them for a weekly ETH income every Friday.
For example, after quote mining YFI-ETH pair, you will be rewarded with nYFI tokens. Or you can also buy it from Uniswap: https://info.uniswap.org/token/0x075190c6130ea0a3a7e40802f1d77f4ea8f38fe2
Then the most important step: after earning nYFI tokens through quote mining YFI-ETH, you can stake it through nestdapp.io, and receive weekly ETH income every Friday.

[NEST_Fan]

Liquidity Mining on nYFI, from NEST Protocol

NestFAN(US) (the Community supporting NEST Protocol ecosystem growth),has launched the $nYFI Liquidity Mining.
This is a tightly scoped experiment
NestFAN(US) will offer liquidity rewards on one specific pool for a flexible period of time. The goal of doing so is to understand how effective liquidity mining is in achieving these two goals:
Bootstrapping liquidity. In order to do this effectively, the NestFAN(US) needs to understand how the market will respond to incentives.
Distributing $NEST tokens to people who will contribute to NEST protocol’s new YFI/ETH quote mining pool by provide liquidity for nYFI on UniSwap (P.S YFI/ETH quote miners are rewarded with $nYFI). Some token movement is healthy but ideally the majority of tokens go into the right hands the first time.
The Details of the Event
NestFAN(US) will grant $NEST rewards to users who contribute to the nYFI/USDT pool on UniSwap.
The event is ~6 weeks, with a distribution of 777,777 $Nest token in total.
One specific nYFI-USDT pool is whitelisted for rewards: https://info.uniswap.org/pair/0xc19dedaba0aba080b73f4ba54b727259bbf26973
Rewards (equal to 3% of the total liquidity of the specific pool) will be distributed weekly via airdrop without lockups or restrictions, proportional to the amount of liquidity provided.
The biggest $nYFI liquidity provider will receive an extra 1% of the total liquidity of the specific pool
The $nYFI liquidity provider who provides the closest number to the average LP contribution amount will win 1% of the Total Liquidity of the specific pool.(P.S. average LP contribution amount=total liquidity amount divided by number of liquidity providers)
Rewards tallying began at 12:00 UTC+8 on Oct 16. The first week of rewards are summed after 23:00 UTC+8 on Oct 18, and continue at that weekly cadence on Mondays.
The address holding the UniSwap V2 LP Token for this pool will receive the rewards. The UniSwap V2 LP Token Address:(https://etherscan.io/token/0xc19dedaba0aba080b73f4ba54b727259bbf26973#balances)
How to Participate
To participate, you need to provide USDT and nYFI to this UniSwap pool: https://info.uniswap.org/pair/0xc19dedaba0aba080b73f4ba54b727259bbf26973
NestFan(US) hopes everyone enjoys this liquidity mining event while keep quote mining your favourite pair