Nestedfi is a DeFi project that brings together crypto trading, social engagement and an NFT-curated portfolio on one platform. Nestedfi allows novice traders to copy trading strategies from experienced crypto traders, experienced traders can share and be rewarded for their strategies via a profile linked to NFT, NestedNFT.
Nestedfi, which also allows tokens to be sold and exchanged, started on the 0x chain and is now a multichain project. The 0x chain was chosen because it was the only infrastructure that favored the building of multichain dApps in the earlier days of Nestedfi as opposed to the prevailing Ethereum-focused dApps.
Nestedfi is built on the philosophy of social commerce, where users with different expertise can connect with each other, help each other with their expertise, trade and do more in a user-friendly ecosystem.
Components by Nestedfi
Nestedfi has specific aspects that address the needs of merchants:
- Build and track portfolio
Traders in Nestedfi can build, track and share their portfolio strategies. While Nestedfi offers a no-custody system where traders are responsible for their assets, profiles can be shared to help newcomers – NestedNFT.
There are more than 30,000 portfolios on Nestedfi for users to copy trades from. And Nestedfi has made it easier to connect portfolios to email addresses/phone numbers/social networks or Web3 wallets like Metamask and Coinbase Wallet.
NestedNFT is a profile created as an NFT that can be shared by the owner to facilitate copy trading. Copy trading is a system where a trader, usually a less experienced trader, uses the same or a similar trading strategy of an experienced trader to trade.
Each time a user accesses a professional trader’s NestedNFT to conduct a copy trade, royalties are paid to the profile’s owner. This makes the social life of the platform exciting. Users can also follow their favorite traders to receive future notifications about their trading strategies.
An automatic smart contract update occurs whenever a user changes the composition of their portfolio in Nestedfi. This update is reflected in Nestedfi’s global data, but it is important to note that the NFT, which represents users’ profile, is not being re-minted.
Nestedfi users can buy and sell more than 1500 cryptocurrencies of their choice through the platform. This can be done with a debit or credit card, or by bank transfer. You can also exchange a specific token for another.
- Staking, farming and lending
Aside from earning by trading to make a profit, Nestedfi’s staking, farming and ending tools allow users to earn interest from their crypto.
To have a secure platform, Nestedfi has invested in smart contract reviews with industry security experts and insured users’ funds with $5 million with insurance company Nexus Mutual.
Nestedfi claims to have one of the lowest fees in the industry, at 0.3% for basic operations like deposits, while withdrawals are charged at 0.8%.
Nestedfi is a multichain platform integrated with Ethereum, Polygon, Optimism, BNB Chain, Avalanche and Arbitrum. This offers users a large pool of some of the most well-known crypto assets.
Nestedfi timetable
Founded in 2021, Nestedfi has grown in terms of users and the number of employees on its payroll. Progress made includes:
In February 2023 it is carried out a smart contract audit by Trail of Bits, Approved Nested portfolio cards and added $agEUR to its stablecoin list. Nestedfi also won the $250,000 Optimism award for advancing its platform.
Future updates include integration with Starkware, Ledger Live and the launch of the Nested Ambassador program.
Nestedfi Team & Partners
Rudi Kadoch is the founder and CEO of Nested Finance. Rudy claimed to have dropped out of a course he was taking to devote himself full-time to the project when he saw an opportunity Nestedfi could fill.
Adrian Suizeta certified blockchain expert and software engineer, is CTO and one of the co-founders of Nested Fi. Aurelia Rousseaua product designer and blockchain enthusiast, is one of the co-founders and Chief Product Manager of Nestedfi.
Nestedfi’s investors and partners include Alan Howard, Republic Capital, Kenetic Capital, CMT Digital, Joseph Eagan (former President of Polychain Capital), Lily Liu (Co-Founder of Earn) and Julien Bouteloup (Founder of StakeDAO, REKT , Blackpool and earlier). employees of Curve).
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