Nest, a liquidity protocol on HyperEVM, says 100% of revenue goes to veNEST holders and it has distributed 12,480 HYPE in buybacks so far. Version 2.0 adds range-based "Sideways" liquidity, auto-locking NEST rewards into a HYPE Engine Vault (over 11% APR since May), permissionless pool creation, and dynamic fees that reprice in the same block—reportedly 15–30% higher gross fees on HYPE/USDC. The team cites $19M TVL, a roughly 5x addressable market gap, and a 5–10 year Hyperliquid commitment. The upgrade also includes a Wonderstruck redesign with Hypercore asset support, aimed at traders, LPs, and launchpads deploying new tokens.

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