Nest BlackOpal LiquidStone II Vault (nOPAL) stablecoin analytics
nOPAL is Nest's vault token wrapping BlackOpal LiquidStone II tokenized credit positions; references a dollar base but behaves like a credit vault share.
Static Profile
Static stablecoin profile
Nest BlackOpal LiquidStone II Vault (nOPAL) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated May 15, 2026
Nest Credit vault token wrapping BlackOpal LiquidStone II tokenized private-credit positions plus a small liquidity buffer; NAV-accreting vault share, not a par-redeemable stablecoin. nOPAL is Nest Credit's BlackOpal LiquidStone II vault: tokenised private-credit positions plus...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- BlackOpal LiquidStone II tokenised credit positions plus stablecoin and Treasury liquidity buffers held inside the Nest vault
- Peg Mechanism
- Vault LP token whose value targets a dollar base and drifts with the BlackOpal LiquidStone II credit 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 nOPAL safe?
Pharos does not mark nOPAL as absolutely safe. Static metadata says Nest BlackOpal LiquidStone II 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 nopal-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.
nOPAL quick answers
What is Nest BlackOpal LiquidStone II Vault (nOPAL)?
nOPAL is Nest's vault token wrapping BlackOpal LiquidStone II tokenized credit positions; references a dollar base but behaves like a credit vault share. The static profile records its US Dollar peg mechanism as: Vault LP token whose value targets a dollar base and drifts with the BlackOpal LiquidStone II credit strategy NAV; primary mint and redemption occur through Nest at vault NAV against USDC and pUSD
What backs nOPAL?
Pharos classifies nOPAL backing as Real-World Asset Backed. Collateral, per the static profile: BlackOpal LiquidStone II tokenised credit positions plus stablecoin and Treasury liquidity buffers held inside the Nest vault Reserve evidence: live reserve feed configured.
Can nOPAL 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 nOPAL, when applicable, appear in the dossier below.