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NEST is a decentralized trading infrastructure that eliminates market makers and LPs. It consists of three modules: NEST Oracle, NEST Assets, and NESTcraft. NEST Oracle provides decentralized on-chain prices. NEST Assets are generated and burned by NEST smart contract, providing currency units for martingale transactions on NEST. NESTcraft converts various on-chain random sources into a super martingale function library and offers customizable martingale trading options.
NESTFi (https://nestfi.org/) is a decentralized perpetual exchange built on NESTcraft. It uses smart contracts as the counterparty for traders. In this case, the smart contract burns traders' losses and mints their profits. By removing the reliance on LPs or market makers, NESTFi ensures there is always liquidity available for trading. This model benefits traders as they become participants in the project, increasing the potential for profit as the system's token value rises.
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What is NEST Protocol?
NEST Protocol is a decentralized price oracle network that addresses the issue of price chaining by utilizing decentralized incentive solutions. The NEST oracle machine employs market game theory to generate price information from off-chain markets synchronously on the blockchain through miners' quotations. This information is then combined with the NEST mining mechanism to incentivize quotation miners, creating a logical closed-loop distributed quotation system.
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