Basis
Crypto Basis
Audited
Vault APY
The annualized yield based on how much the vault share price changed over the last 30 days.
Formula
= current vault share price (NAV per share)
= vault share price 30 days ago
This is a rolling metric and updates daily.
TVL
$177.5K
Available networks
About
The vault takes stablecoin deposits and allocates them into institutional crypto basis and cash-and-carry strategies through the Bitwise Crypto Carry Fund, capturing non-directional returns from futur...Read more
Hourly on Weekdays
Supported apps
Yield type
Security reviews
Redemption fees
No. of holders
11,810
How the price grows
Yield is automatically reinvested and reflected in growing token price
$1.0683
+$0.016912 (+1.61% or 3.29% APY) Past 6 monthsWho it's designed for
1
Market-neutral yield
Earn non-directional returns from crypto futures basis spreads without taking price risk.
2
Yield diversification
Add an uncorrelated yield source alongside real-world and credit-based strategies.
3
DeFi-native carry
Access institutional cash-and-carry strategies in a composable on-chain format.
Crypto Basis
The allocation is designed to capture futures basis spreads through institutional cash-and-carry strategies. By focusing on non-directional basis returns, the vault targets yield that is largely independent of crypto market price movements.
Crypto Basis
89.95%
Delta-neutral crypto yield
US Treasuries
8.63%
Short-term U.S. government debt
Liquid assets
1.42%
Uninvested stablecoin liquidity
Vault updates
Crypto basis trade yields begin compressing due to crypto market environment changes, resulting in lower APYs.
Oct 11, 2025
Audits & Security
Plume Vaults are designed to meet the highest standards of safety, transparency, and compliance
Nest vault audits
Cantina
Apr 10, 2026
BoringVault audits
0xMacro, Pashov, Spearbit
Apr 22, 2024
Ecosystem
Use this token across supported apps for additional yield
Rooster
DEX
Plume
Mystic
Lending
Plume
Balances
Total balance
$0.00
Avg. APY
Total earnings
$0.00
No positions
Your vault positions will appear here
Recent activity
Underlying assets on-chain
Asset
APY
Weight
TVL
Asset
Network
TVL
Allocation
Contract
Bitwise Crypto Carry Fund
Plume
$159,660.69
100.0%
0x4c...54cf
Total
$159,660.69
100.0%
Asset
Network
TVL
Allocation
Contract
Invesco USTB
Plume
$15,314.75
100.0%
0xe4...28a8
Total
$15,314.75
100.0%
Liquid assets
1.42%
$2,521.68
Asset allocation over time
No. of assets
2
Aug 20, 2026
Â
Â
Bitwise Crypto Carry Fund
90.55%
Invesco USTB
9.45%
Structure and custody
Assets quality
Legal structure
Nest DAO LLC is a corporate entity in Republic of the Marshall Islands (RMI) with an international investment business license and an LEI number 254900BB9T1QYAT04892, which can be found on GLEIF:
https://search.gleif.org/#/record/254900BB9T1QYAT04892Asset issuers
-
Compliance & AML
Assets onchain
Auditor
Cantina, 0xMacro, Pashov, Spearbit
How the price grows
Yield is automatically reinvested and reflected in growing token price
Current token price
$1.0683
Â
Â
Total Value Locked TVL
Based on live onchain token price and supply
Current TVL
$177,496.89
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Â
Vault activity
No. of transactions
in the last 7 days
Redemption Claimed
Aug 20, 2026, 9:58 AM
0x2d9c...3976d0
-94.85 nBASIS
-$0.00
Redeem · Instant
Aug 20, 2026, 8:21 AM
0x3f67...4dd519
-0.01 nBASIS
-$0.00
Mint
Aug 20, 2026, 8:19 AM
0x3f67...4dd519
+0.01 nBASIS
+$0.00
Redemption Claimed
Aug 20, 2026, 6:55 AM
0x8a41...106146
-469.43 nBASIS
-$0.00
Redeem Requested
Aug 20, 2026, 2:55 AM
0xa3fc...5ff596
-9,390.65 nBASIS
-$0.00
Redemption Claimed
Aug 20, 2026, 1:45 AM
0x34e9...cf957a
-300.04 nBASIS
-$0.00
Redeem Requested
Aug 19, 2026, 11:20 PM
0xd05d...7b2f86
-2,818.26 nBASIS
-$0.00
Redemption Claimed
Aug 19, 2026, 10:18 PM
0xab28...b47587
-4,226.98 nBASIS
-$0.00
Redeem Fulfilled
Aug 19, 2026, 4:03 PM
0x9e6e...5fd759
-3,566.72 nBASIS
-$0.00
Redemption Claimed
Aug 19, 2026, 3:44 PM
0xe6ca...9cd050
-9,425.26 nBASIS
-$0.00
Token token holders
No. of wallets
11,810
1
0x...a6
19,794.75 Token
$0.00
29 Jul 2026
2
0x...7b
18,780.79 Token
$0.00
11 Jul 2026
3
0x...9d
18,136.05 Token
$0.00
9 Nov 2025
4
0x...b1
12,208.91 Token
$0.00
30 Apr 2026
5
0x...d7
9,959.59 Token
$0.00
27 Jun 2025
How to think about the risks
nBASIS targets non-directional yield, but outcomes depend on futures market structure and the persistence of basis spreads rather than asset price direction.
Underlying risks
nBASIS depends on the persistence of futures basis spreads generated through cash-and-carry strategies. Risks include basis compression, changes in funding rates, execution risk, and counterparty exposure within derivatives markets. Periods of low volatility or structural changes in futures markets may reduce the availability or consistency of basis returns.
Yes
No
No
Yes
No
Yes
Deposit
$0.00
0.00 pUSD
Receive
$0.00
0.00 nBASIS
Exchange rate
Redemption time
~30 min (up to 4 days)