Nest Basis Vault (nBASIS) stablecoin analytics
nBASIS is Nest's basis-trade vault token combining Superstate T-bill collateral with perpetual shorts; value drifts with funding-rate, not pegged 1:1.
Static Profile
Static stablecoin profile
Nest Basis Vault (nBASIS) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated May 15, 2026
Nest Credit basis-trade vault token combining tokenized T-bill collateral with perpetual shorts; NAV-accreting rather than $1-pegged, value drifts with funding-rate performance. nBASIS is Nest Credit's basis-trade strategy vault: tokenised T-bill collateral combined with...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- Basis-trade strategy book combining tokenised T-bill collateral (Superstate USTB / USCC) on Plume with perpetual short positions; risk-managed and rebalanced by Nest
- Peg Mechanism
- Vault LP token whose value targets a dollar base and drifts with the basis-trade strategy NAV; primary mint and redemption occur through Nest at vault NAV against USDC and pUSD
- Jurisdiction
- Marshall Islands
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Snippet Answer
Is nBASIS safe?
Pharos does not mark nBASIS as absolutely safe. Static metadata says Nest Basis Vault uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety nbasis-nest
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.
nBASIS quick answers
What is Nest Basis Vault (nBASIS)?
nBASIS is Nest's basis-trade vault token combining Superstate T-bill collateral with perpetual shorts; value drifts with funding-rate, not pegged 1:1. The static profile records its US Dollar peg mechanism as: Vault LP token whose value targets a dollar base and drifts with the basis-trade strategy NAV; primary mint and redemption occur through Nest at vault NAV against USDC and pUSD
What backs nBASIS?
Pharos classifies nBASIS backing as Real-World Asset Backed. Collateral, per the static profile: Basis-trade strategy book combining tokenised T-bill collateral (Superstate USTB / USCC) on Plume with perpetual short positions; risk-managed and rebalanced by Nest Reserve evidence: live reserve feed configured.
Can nBASIS be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for nBASIS, when applicable, appear in the dossier below.