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DEX & liquidity

Nest V1

Decentralized exchange — earn fees by helping other people swap tokens.

Visit official site ↗ @NestExchange
Total value held · all chains
$12.5 Million

100% on Hyperliquid L1 · also on 0 other chains

Chains

1

Live yield options

17

Best reward rate

274.48%

Live since

2026

Where it runs

Available on 1 chains

  1. 01
    Hyperliquid L1 Hyperliquid L1

    $12.5Million

    value held

    →

Earn here · live yield options

Yields available on Nest V1

17 live options — yields range 1.52% to 274.48% per year, with a median of 36.73%.

  1. 01
    nest-v1 - WHYPE-USDC Hyperliquid L1

    WHYPE · USDC

    Reward

    37.72%

    →
  2. 02
    nest-v1 - WHYPE-KHYPE Hyperliquid L1

    WHYPE · KHYPE

    Reward

    4.52%

    →
  3. 03
    nest-v1 - WHYPE-UBTC Hyperliquid L1

    WHYPE · UBTC

    Reward

    19.84%

    →
  4. 04
    nest-v1 - USDC-USDT0 Hyperliquid L1

    USDC · USDT0

    Reward

    4.11%

    →
  5. 05
    nest-v1 - WHYPE-UETH Hyperliquid L1

    WHYPE · UETH

    Reward

    27.55%

    →
  6. 06
    nest-v1 - NEST-WHYPE Hyperliquid L1

    NEST · WHYPE

    Reward

    36.73%

    →
All 17 yield options on Nest V1 Expand →
Option Chain Reward Pool size
nest-v1 - WHYPE-USDC Hyperliquid L1 37.72% $4.43Million
nest-v1 - WHYPE-KHYPE Hyperliquid L1 4.52% $3.87Million
nest-v1 - WHYPE-UBTC Hyperliquid L1 19.84% $2.16Million
nest-v1 - USDC-USDT0 Hyperliquid L1 4.11% $831Thousand
nest-v1 - WHYPE-UETH Hyperliquid L1 27.55% $430Thousand
nest-v1 - NEST-WHYPE Hyperliquid L1 36.73% $385Thousand
nest-v1 - KNTQ-WHYPE Hyperliquid L1 65.89% $254Thousand
nest-v1 - NEST-WHYPE Hyperliquid L1 41.12% $169Thousand
nest-v1 - UBTC-USDC Hyperliquid L1 17.06% $150Thousand
nest-v1 - NEST-USDC Hyperliquid L1 110.35% $125Thousand
nest-v1 - KNTQ-KHYPE Hyperliquid L1 274.48% $93.6Thousand
nest-v1 - WHYPE-PURR Hyperliquid L1 23.86% $87.2Thousand
nest-v1 - WHYPE-WSTHYPE Hyperliquid L1 1.52% $85.7Thousand
nest-v1 - USOL-WHYPE Hyperliquid L1 195.92% $14.1Thousand
nest-v1 - WHYPE-HPL Hyperliquid L1 84.17% $13.1Thousand
nest-v1 - WHYPE-DEDCAT Hyperliquid L1 0.0% $10.9Thousand
nest-v1 - USDH-USDT0 Hyperliquid L1 0.0% $10.2Thousand

How it works

Using Nest V1 in three steps

  1. 1

    Pair two tokens

    Pick two tokens (e.g. ETH + USDC), deposit both in equal value into the trading pool.

  2. 2

    Earn a share of fees

    Every time someone swaps through this pair, you earn a tiny cut of the fee. The more people trade, the more you earn.

  3. 3

    Watch out for IL

    If one token's price moves a lot relative to the other, you'd have been better off just holding — the gap is called 'impermanent loss'.

Read up

About Nest V1

NEST is built for Hyperliquid. Smart pools and efficient swaps power onchain rewards that compound value back to voters and the ecosystem.

Description provided by the protocol team. Always verify directly before depositing funds.

Tokens earning here

Top tokens earning yield through Nest V1

WH

WHYPE

WHYPE

→ USDC

USDC

USDC

→ KH

KHYPE

KHYPE

→ UB

UBTC

UBTC

→ US

USDT0

USDT0

→

Frequently asked

What people ask about Nest V1

What is Nest V1?

+

Nest V1 is an on-chain app. Decentralized exchange — earn fees by helping other people swap tokens.

Is using Nest V1 safe?

+

Nest V1 has 2 public audits on file. Audits help — they don't eliminate risk. Always check what tokens you're depositing and never put in more than you can afford to lose.

How much can I earn?

+

Right now yields on Nest V1 run 1.5%–274.5% per year, depending on which pool you pick and which chain you use. Rates change with demand.

Which chains does it run on?

+

Nest V1 runs on 1 chains, including Hyperliquid L1. Each chain has its own fees and speeds — pick the one you already use.

Figures are reference values aggregated from public sources and refresh daily. Always confirm directly before depositing funds.

See also

Terms used on this page

See every term →