Nested — the first all-in-one DeFi app for creating, managing and monetizing portfolios.
Contents:
Description of the Nested platform
Once the portfolio is created, the user becomes the owner of NestedNFT, representing the user's assets - up to twelve tokens in one NFT - all backed by the underlying assets and their real market value.
Each copy of the portfolio generates fees to the creators, which encourages experienced traders to create successful portfolios that pay off and bring profit to others. Also, every change, made by the original portfolio creator, will be notified to all those who copied it. The act of replicating a portfolio and the economy that revolves around it is at the heart of Nested's intended strategy to democratize DeFi. This is what really gives the platform a social dimension.
Project features:
| 1. | Intuitive user interface. |
| 2. | Create and manage your portfolio. |
| 3. | Entering the market in one click and copying the strategies of other users. |
| 4. | Build your own portfolio and earn royalties on every replication. |
| 5. | Borrow money through decentralized borrowing protocols. |
NST — the native token of the Nested platform. It has appeared to facilitate and incentivize decentralized protocol management. It is also designed to enhance the user experience by unlocking unique features. All decisions, regarding the use of the ecosystem and the reward pool, will be made by the DAO. The platform charges a commission of 0.3% for each portfolio transaction. It is charged when creating, updating or liquidating a portfolio. Once the DAO is up and running, DAO members will continually adjust this fee.
More about the work of defi app
An NFT, representing a portfolio, also represents ownership of the underlying assets. The developers have implemented a data structure that displays the composition of the assets of each NFT, supplied by nested smart contracts. When a user changes the assets of their nested portfolio, the smart contract that manages them automatically updates the global data structure. The NFT, representing the user's portfolio, is never burned or recovered.