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 | 5.4% | 4.9% | 4.2% | --- | 3.9% | |
| 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.
Curated by Nest DAO
This vault is curated by Nest DAO.
Nest DAO is the primary curator of Nest vaults.
Running on Nest protocol
This vault is running on Nest:
Real-world-asset vaults built by the team behind Plume, with Nest DAO LLC as their primary curator.
Notes
Yield source: The allocation is designed to capture futures basis spreads through institutional cash-and-carry strategies. By focusing on non-directional basis returns, the vault targets yield that is largely independent of crypto market price movements.
Risks: nBASIS targets non-directional yield, but outcomes depend on futures market structure and the persistence of basis spreads rather than asset price direction.
Returns and period details
| Metric | Week | Month | 3 months | 6 months | Year | Lifetime |
|---|---|---|---|---|---|---|
| Ranking overall | --- | --- | --- | --- | --- | --- |
| Ranking on Plume | #9 | #9 | #8 | #6 | --- | #10 |
| Ranking on Nest | #22 | #19 | #16 | #6 | --- | #21 |
| CAGR (net) | --- | --- | --- | --- | --- | --- |
| CAGR (gross) | 6.1% | 5.4% | 4.9% | 4.2% | --- | 3.9% |
| Returns (net) | --- | --- | --- | --- | --- | --- |
| Returns (gross) | 0.1% | 0.4% | 1.2% | 2.1% | 3.1% | 3.1% |
| Sharpe ratio | --- | 11.17 | 6.72 | 7.42 | 6.59 | 6.59 |
| Max drawdown | -0.0% | -0.0% | -0.1% | -0.1% | -0.1% | -0.1% |
Technical Details
| Vault name | Nest Basis |
| Vault address | 0x5f35d1cef957467f4c7b35b36371355170a0dbb1 |
| Chain | |
| Denomination | |
| Exchange rate used | 1 USDC = $1.0000 |
| Share token | nBASIS |
| Protocol | Nest |
| Homepage | View vault on protocol website |
| Current TVL | 49,040.066 USDC |
| Peak TVL | 27,142,933.189 USDC |
| Last share price | 1.078 USDC |
| Last updated | |
| Last updated block | 97,915,150 |
| Data refreshed at | |
| Data starts | 2025-12-13 16:37:24 UTC |
| Fee mode | Unknown |
| Fees internalised | --- |
| Features | erc_7540_like, erc_7575_like, nest_like |
| Strategy tags | arbitrage, carry_trade, delta_neutral |
| Flags | --- |
| Whitelist status | Unknown |
| Deposit status | Open |
| Redemption status | Open |
Stay ahead with the best new vaults and essential DeFi updates.
Subscribe to Trading Strategy newsletter