币界网报道：The RWA protocol Nest launched by the Plume ecosystem realizes the on-chainization of traditional assets by building diversified Vaults. The total market value of the chain has now exceeded US$23.9 billion. The protocol packages real assets such as US bonds and private credit into on-chain vaults. Users deposit stablecoins such as pUSD to obtain nTOKENs representing their holdings. These tokens automatically increase in value with the returns of the underlying assets and can be circulated in the DeFi ecosystem. Nest provides five Vaults with different risk-return characteristics, with target annualized returns ranging from 5.5% to 14%. It adopts an automatic execution mechanism on the entire chain to exempt traditional KYC processes. However, due to the characteristics of the underlying assets, most Vault redemptions require a waiting period of 7 to 10 days, and the problem of limited liquidity still needs to be solved. This project provides new ideas for the integration of RWA and DeFi, but liquidity and risk management are still the key to future development.