Nest Basis
View on Nest Update infoProvides market-neutral exposure to Superstate's institutional crypto basis strategies.
- The value in this vault is down more than 95% of its peak. The vault is likely abandoned or facing issues.
Share token price
Other metrics
Performance and fees
| 1M | 3M | 6M | 1Y | Lifetime | ||
|---|---|---|---|---|---|---|
| Gross Gross | 2.8% | 3.1% | 3.1% | 3.1% | 3.1% | |
| Performance fee Performance | No data | No data | No data | No data | No data | |
| Management fee Management | No data | No data | No data | No data | No data | |
| Deposit fee Deposit | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Withdrawal fee Withdrawal | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Net Net | No data | No data | No data | No data | No data |
About the vault
The vault takes stablecoin deposits and allocates them into institutional crypto basis and cash-and-carry strategies through the Bitwise Crypto Carry Fund, capturing non-directional returns from futures basis spreads across crypto assets. In return, depositors receive nBASIS, a vault token representing their share of the strategy.
Cash flows generated by the underlying basis trades are automatically reinvested into the vault, with returns reflected directly in the nBASIS token price rather than distributed — enabling passive exposure to market-neutral, yield-seeking crypto basis returns.
The strategy is designed to focus on spread capture (rather than price direction), combining institutional execution and transparent backing while remaining fully composable for use in on-chain strategies and looping protocols.
Running on Nest protocol
This vault is running on Nest:
Real-world-asset vault infrastructure from Plume that lets users access tokenised yield strategies with stablecoins.
Notes
The vault data might be updated infrequently because the vault TVL has fallen substantially from its historical peak.
Returns and period details
| Metric | Week | Month | 3 months | 6 months | Year | Lifetime |
|---|---|---|---|---|---|---|
| Ranking overall | #270 | #715 | #709 | #697 | #754 | #818 |
| Ranking on Ethereum | #109 | #409 | #412 | #404 | #461 | #492 |
| Ranking on Nest | #10 | #13 | #11 | #11 | #11 | #11 |
| CAGR (net) | --- | --- | --- | --- | --- | --- |
| CAGR (gross) | 6.5% | 2.8% | 3.1% | 3.1% | 3.1% | 3.1% |
| Returns (net) | --- | --- | --- | --- | --- | --- |
| Returns (gross) | 0.1% | 0.2% | 0.5% | 0.5% | 0.5% | 0.5% |
| Sharpe ratio | 0.00 | 3.57 | 4.62 | 4.62 | 4.62 | 4.62 |
| Max drawdown | 0.0% | -0.1% | -0.1% | -0.1% | -0.1% | -0.1% |
Technical Details
| Vault name | Nest Basis |
| Vault address | 0x5f35d1cef957467f4c7b35b36371355170a0dbb1 |
| Chain | |
| Denomination | |
| Exchange rate used | 1 USDC = $0.999686 fetched |
| Share token | nBASIS |
| Protocol | Nest |
| Homepage | View vault on protocol website |
| Current TVL | 126,964.442 USDC |
| Peak TVL | 31,724,237.429 USDC |
| Last share price | 1.068 USDC |
| Last updated | |
| Last updated block | 25,750,064 |
| Data refreshed at | |
| Data starts | 2026-06-21 00:00:00 UTC |
| Fee mode | Unknown |
| Fees internalised | --- |
| Features | erc_7540_like, erc_7575_like, nest_like |
| Flags | --- |
| Whitelist status | Unknown |
| Deposit status | Open |
| Redemption status | Open |
| Deposit/redemption events | 1,335 |
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