NEST is a decentralized trading infrastructure that eliminates market makers and LPs.
NEST includes three modules: NEST Oracle, NEST Assets, and NESTcratft.
- NEST Oracle provides decentralized on-chain prices.
- NEST Assets are generated and burned by NEST smart contract, and provide currency units for martingale transactions on NEST.
- NESTcraft converts various on-chain random sources into a super martingale function library and provides a variety of customizable martingale trading options.
NESTFi (https://nestfi.org/) is a decentralized perpetual exchange built on NESTcraft.
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NESTFi uses smart contracts as the counterparty for traders. In this case, the losses of traders are burned by the smart contract, while profits are minted by the smart contract.
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By removing the reliance on LPs or market makers, NESTFi theoretically ensures that there is always liquidity available for trading.
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The benefits of this model is that traders are also participants in the project. With the more participants of the project, the greater potential for traders to profit as the value of the system's tokens increases.