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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

27.61%

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 27.61% to 27.61% per year, with a median of 27.61%.

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

    WHYPE · USDC

    Reward

    —

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

    WHYPE · KHYPE

    Reward

    —

    →
  3. 03
    nest-v1 - USDC-USDT0 Hyperliquid L1

    USDC · USDT0

    Reward

    —

    →
  4. 04
    nest-v1 - WHYPE-UBTC Hyperliquid L1

    WHYPE · UBTC

    Reward

    —

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

    NEST · WHYPE

    Reward

    —

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

    WHYPE · WSTHYPE

    Reward

    —

    →
All 17 yield options on Nest V1 Expand →
Option Chain Reward Pool size
nest-v1 - WHYPE-USDC Hyperliquid L1 0.0% $8.52Million
nest-v1 - WHYPE-KHYPE Hyperliquid L1 0.0% $5.97Million
nest-v1 - USDC-USDT0 Hyperliquid L1 0.0% $1.54Million
nest-v1 - WHYPE-UBTC Hyperliquid L1 0.0% $1.45Million
nest-v1 - NEST-WHYPE Hyperliquid L1 0.0% $748Thousand
nest-v1 - WHYPE-WSTHYPE Hyperliquid L1 0.0% $436Thousand
nest-v1 - WHYPE-UETH Hyperliquid L1 0.0% $400Thousand
nest-v1 - NEST-WHYPE Hyperliquid L1 27.61% $281Thousand
nest-v1 - NEST-USDC Hyperliquid L1 0.0% $241Thousand
nest-v1 - KNTQ-WHYPE Hyperliquid L1 0.0% $214Thousand
nest-v1 - UBTC-USDC Hyperliquid L1 0.0% $137Thousand
nest-v1 - WHYPE-PURR Hyperliquid L1 0.0% $124Thousand
nest-v1 - KNTQ-KHYPE Hyperliquid L1 0.0% $61.4Thousand
nest-v1 - USDH-BBHLP Hyperliquid L1 0.0% $49.3Thousand
nest-v1 - WHYPE-HPL Hyperliquid L1 0.0% $29Thousand
nest-v1 - WHYPE-LHYPE Hyperliquid L1 0.0% $21Thousand
nest-v1 - USDH-USDT0 Hyperliquid L1 0.0% $10.3Thousand

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 27.6%–27.6% 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 hourly. Always confirm directly before depositing funds.

See also

Terms used on this page

See every term →