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Alex Palmer
@thatalexpalmer.eth
Shipped this today. I’m proud of this product, it’s one of my finer professional moments. Grateful to @plumenetwork for having our team + resources for it. We built it for you. ❤️ It’s currently the top product by TVL, not including our stablecoin. Go use it on https://app.nest.credit/ or Royco. https://x.com/nestcredit/status/1930643583549514103?s=46
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ted (not lasso)
@ted
Alpha Vault and PayFi Vault both above 10% est APY? wow! what's default rate on those? i want to dig into financials (classic me)
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Alex Palmer
@thatalexpalmer.eth
Please do! Thoughts and public feedback especially from you are very welcome. nALPHA vault is going to transition (in waves) towards this composition: https://cicadapartners.notion.site/nALPHA-Index-Dashboard-16f6775a831980a6b46cc3cbca300ea7 - i designed it with these folks to be around 11% while maintaining its own liquidity buffer. nPAYFI info dash coming shortly - it's Goldfinch Prime and other underlying assets that by themselves yield 15%-20%, combined in a composite index vault that will deliver over 10%. All transparency reports are published here: https://airtable.com/appXyH9re7Q1awigg/shro08xu20JEWYa1C This is our public documentation: https://docs.nest.credit I really do welcome all comments @ted please go for it!
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Alex Palmer
@thatalexpalmer.eth
TLDR: default rates are designed to beat 10%. We add some emissions on top to boost, but not a lot. We add leverage through our partners as well. Yields at Nest vault level are intrinsic yields. 4 vaults live; 3 upcoming; ~17 on roadmap so far
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