Nest Protocol is a decentralized oracle built on Ethereum and powered by the NEST token. The protocol is a distributed price oracle network that incentivizes users to bring off-chain data on-chain^[1][2].

Overview

NEST 1.0 started in December 2018 as a lending protocol. NEST 2.0 changed to oracle and launched on November 30, 2019. In July 2020, NEXT 3.0 launched with multi-asset oracles.

On May 18, 2020, Bibox listed Nest Protocol (NEST) with NEST/USDT and NEST/ETH trade pairs^[3].

On August 6, 2020, Huobi Global announced launching Nest Protocol on its platform. NEST/USDT, NEST/BTC and NEST/HT trading became available from 15:00, August 7, 2020^[4].

NESTCore

The NESTCore team is anonymous. NESTCore is a small team that consists of one chief architect, one economist and several smart contract developers. There is little public information about the NESTCore team. Their philosophy is that a truly decentralized project is not about the team instead it is all about the community^[5].

See Also

List of Oracle Coins