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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

382.74%

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 0.82% to 382.74% per year, with a median of 61.93%.

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

    WHYPE · USDC

    Reward

    113.54%

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

    WHYPE · KHYPE

    Reward

    8.8%

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

    USDC · USDT0

    Reward

    11.64%

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

    WHYPE · UBTC

    Reward

    61.93%

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

    NEST · WHYPE

    Reward

    91.46%

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

    WHYPE · WSTHYPE

    Reward

    0.82%

    →
All 17 yield options on Nest V1 Expand →
Option Chain Reward Pool size
nest-v1 - WHYPE-USDC Hyperliquid L1 113.54% $8.51Million
nest-v1 - WHYPE-KHYPE Hyperliquid L1 8.8% $5.25Million
nest-v1 - USDC-USDT0 Hyperliquid L1 11.64% $1.64Million
nest-v1 - WHYPE-UBTC Hyperliquid L1 61.93% $1.41Million
nest-v1 - NEST-WHYPE Hyperliquid L1 91.46% $699Thousand
nest-v1 - WHYPE-WSTHYPE Hyperliquid L1 0.82% $423Thousand
nest-v1 - WHYPE-UETH Hyperliquid L1 69.79% $392Thousand
nest-v1 - NEST-WHYPE Hyperliquid L1 35.69% $265Thousand
nest-v1 - NEST-USDC Hyperliquid L1 220.99% $247Thousand
nest-v1 - KNTQ-WHYPE Hyperliquid L1 106.56% $216Thousand
nest-v1 - UBTC-USDC Hyperliquid L1 42.07% $136Thousand
nest-v1 - WHYPE-PURR Hyperliquid L1 41.77% $124Thousand
nest-v1 - KNTQ-KHYPE Hyperliquid L1 186.03% $63.1Thousand
nest-v1 - USDH-BBHLP Hyperliquid L1 0.0% $49.3Thousand
nest-v1 - WHYPE-HPL Hyperliquid L1 382.74% $27.7Thousand
nest-v1 - WHYPE-LHYPE Hyperliquid L1 4.9% $21.6Thousand
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

→ US

USDT0

USDT0

→ UB

UBTC

UBTC

→

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 0.8%–382.7% 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 →