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

[NEST_Fan]

2020.10.09~2020.10.16 $NEST Weekly Revenue:

Total revenue of NEST system this week: 1677.5468 ETH

System revenue savings contract: 235.5093 ETH

NEST holder revenue distribution: 1442.0375 ETH

One million NEST holds revenue: 0.82351 #ETH

10K NEST holds revenue: 0.0082351 #ETH

[1715281547]

1715281547

[1715281547]

1715281547

[NEST_Fan]

Liquidity Mining on nYFI, from NEST Protocol
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

[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.
Image for post
Summary of nYFI staking weekly APR Calculation
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]

2020.10.16~2020.10.23 $NEST Weekly Revenue:

Total revenue of NEST system this week: 1364.1483 ETH

System revenue savings contract: 172.8296 ETH

NEST holder revenue distribution: 1191.3187 ETH

One million NEST holds revenue: 0.677 #ETH

10K NEST holds revenue: 0.00677 #Ethereum

[NEST_Fan]

https://pbs.twimg.com/media/ElAcji2VcAAgM2F?format=jpg&name=4096x4096

[NEST_Fan]

Trade and be Rewarded with a Share from a Prize Pool of $7500 in NEST, MIS, BEL, ARPA & HBC Tokens:
https://support.hbtc.co/hc/en-us/articles/360056361114--Trade-and-be-Rewarded-with-a-Share-from-a-Prize-Pool-of-7500-in-NEST-MIS-BEL-ARPA-HBC-Tokens

[NEST_Fan]

2020.10.28 NEST DAPP Android 3.0.9 version upgrade
Update content:
1. Add DAPP announcement entry in the setting interface.
2. Optimized the oracle list on the homepage.
3. Optimized language switching.
4. Optimized the  logic for quotation and take orders.
5. Fix the search ordering problem when adding oracles.

[NEST_Fan]

NEST Protocol:

The first permissionless network build for onchain #oracle service

[NEST_Fan]

2020.10.23~10.30 $NEST Weekly Staking Income:

Total Income of NEST system ETH/USDT QP: 1206.71 ETH

Entry System Income savings contract: 141.341 ETH

NEST holder Income distribution: 1065.3669 ETH

One million NEST holds Income: 0.6015 #ETH

10K NEST holds Income: 0.006015 #ETH

[NEST_Fan]

2020.10.23-10.30 $nYFI Weekly Staking Income:

Total Income of nYFI Oracle system (YFI/ETH QP): 92.8173 #ETH

Entry System Income savings contract: 10.1226 ETH

nYFI holder income #distribution: 103 ETH

10,000 nYFI holds Income: 0.8091 ETH

1,000 nYFI holds Income: 0.0809 #Eth

[NEST_Fan]

Proposal for the development of NEST system savings fund into NEST DAO agreement #8:https://github.com/NEST-Protocol/nips/issues/8

At present, the NEST system savings fund pool has 3675.17 ETH. If it has been idle, it is also a waste, so it can be developed into the NEST DAO protocol.

When the NEST Token price is 0.0001 ETH (reference value), the ETH Savings Fund is triggered to repurchase NEST Token according to the 1 NEST = 0.0001 ETH; the repurchased NEST will not be destroyed, and will be deposited into the NEST income contract to participate in the ETH income distribution. In addition, when the NEST Token price is a relatively suitable value (combined with the development of the NEST ecosystem), the price will be exchanged for ETH assets. Make NEST DAO evolve into a self-operating decentralized asset management protocol, which is calculated on the basis of ETH. Its goal is to accumulate more and more ETH funds in the NEST Protocol, provide the enthusiasm of the miners for quotation, and make the NEST oracle machine More secure and stable.

The assets in NEST DAO belong to all NEST Token holders.

Regarding this proposal, I hope everyone in the NEST community will actively participate in the discussion, put forward more suggestions and make their own voices.

If anyone who has ideas about this Proposal that you can communicate at Github to let NEST team to know about it

[NEST_Fan]

$NEST protocol QP (Quote Pool) token of $YFI/ETH pair is listing on
@coingecko
 
@CoinMarketCap
 now🔥- $nYFI

For nYFI information:
🦄Uniswap:https://info.uniswap.org/token/0x075190c6130ea0a3a7e40802f1d77f4ea8f38fe2

📊Coingecko:https://coingecko.com/en/coins/nyfi

📊CoinMarketCap: https://coinmarketcap.com/currencies/nyfi/

📡Telegram:https://t.me/nest_chat

[NEST_Fan]

 Globe with meridiansWebsite:https://nestdapp.io/datashow/English.html

It can check $NEST Oracle Daily Statistic

[NEST_Fan]

NEST Protocol Monthly Newsletter Announcement
As of Monday the 02nd of November 2020 NEST Protocol will formally be launching our Monthly Newsletter. NEST Protocol Fan intend to distribute the publication from time to time predominately by Reddit and Telegram Channel.
The Monthly Newsletter will serve primarily as a means for NEST Protocol Community Members to summarize key updates to the NEST Protocol
The Monthly Newsletter will continue to evolve quite rapidly in the early stages as we seek to include all of our and your amazing ideas! Let us know if you would like to see anything in particular!
Find out more about NEST Procotol's Newsletter
Reddit： https://www.reddit.com/r/nestprotocol/
Telegram Channel: https://t.me/NESTOracle

[NEST_Fan]

Calling attention to all NEST FANS! #nestProtocol is launching a #MemeContest to promote #nestProtocol and #QuoteMining Check out the link for details https://nestfan.medium.com/misquote-mining-meme-wars-a179cf7ff8dc
Join the TG community at http://t.me/nest_chat and follow
@fan_nest to participate!

[NEST_Fan]

2020.10.31~11.6 NEST Weekly Staking Income:

Top 3 Quote Pool：

$ETH/USDT Quote Pool Total Income: 976.3054 ETH;
NEST Staking APY=30.12%

$YFI/ETH Quote Pool Total Income: 82.5255 ETH;
nYFI Staking APY= 527.65%

 $HBTC/ETH Quote Pool Total Income: 138.82783 ETH

[NEST_Fan]

https://coinmarketcap.com/alexandria/article/oracles-the-all-seeing-eye-that-guides-crypto-networks
Oracles: The All-Seeing Eyes That Guide Crypto Networks

[NEST_Fan]

Dear NEST_FAN,
@CryptoDifferwill hold an AMA with @Nest_Protocolon the 12th of November at 1:00 PM UTC in the CryptoDiffer Telegram Chat!

The rewards pool for the best questions is $100 in USDT!

CHAT 🗣 https://t.me/joinchat/Brbs51k5cWoRBKtsgmb6Ew

[NEST_Fan]

Dear NEST_FAN,
@CryptoDifferwill hold an AMA with @Nest_Protocolon the 12th of November at 1:00 PM UTC in the CryptoDiffer Telegram Chat!

The rewards pool for the best questions is $100 in USDT!

CHAT 🗣 https://t.me/joinchat/Brbs51k5cWoRBKtsgmb6Ew

If you want know more details that you can review the AMA

[NEST_Fan]

2020.11.06~11.13 $NEST Weekly Staking Income:

Quote Pool：

$ETH/USDT Quote Pool Total Income: 807.7658 ETH;
NEST Staking APY=26.26%

$YFI/ETH Quote Pool Total Income: 80.8186 ETH;
nYFI Staking APY= 440.64%