RADIX WikiRADIX Wiki

Nest Finance was an announced DeFi protocol for Radix that was to combine lending, automated liquidity and leverage in one product suite. It was announced on 4 March 2024, recruited beta testers on 6 March 2024, and has published nothing since. No product ever opened, and no address for it exists on mainnet.

This page previously described that product suite in the past tense, as a service that had run and closed. It had not. What follows is the record the project itself left, which is small enough to set out in full.

Three days in March 2024

The @NestFinance_ account on X opened in March 2024 and posted five times over three days. On 4 March it published a four-part introduction, "What is Nest Finance?", opening with the line the project used everywhere: the protocol was created "to offer users the easiest possible way of providing liquidity and earning yield on-chain". On 5 March it greeted the Radix community, announced its Gitbook documentation, and posted a picture captioned "We got 'em!" on acquiring an XRD Domains name. On 6 March it asked for beta testers through a Google Form. The account has 32 followers and has not posted in the 29 months since.

The project's Telegram has 13 members and shows no posts. Its channel description is the same paragraph as the X introduction, and it is also, word for word, the text this wiki page carried until August 2026.

Nothing else survives. The project never published a product URL, and the domain nestfinance.xyz is unrelated: the Internet Archive's earliest capture of it, from 22 February 2025, is a registrar parking lander, and the domain today serves a business-banking venture with no connection to Radix.

The documentation, and what it borrowed

The Gitbook is the one artefact still online, and it reads as a project stopped early. Its own index lists 19 pages and 10 of them say only "Coming soon": the litepaper, every "How To", the Risks page, the referral and rates pages, the smart contracts page and the developer documentation. The liquidity page is one sentence, still in the future tense: "Automated liquidity vaults will be Nest Finance first product, estimated launch in late Q2."

What the pages do describe is a design lifted from Kamino Finance, the Solana lending and leverage protocol, with the names changed. Multiply vaults, Long/Short vaults, elevation mode for higher loan-to-value ratios between price-pegged assets, a points programme with per-asset boosts: the architecture is Kamino's, and Kamino's K-Lend and kToken become N-Lend and nToken.

Two substitutions were missed, and they are still in the published text. The heading on the points overview is "Nest Finance Points", but the anchor beneath it is id="kamino-points". The borrow and lend page describes N-Lend in its prose and then heads its next section K-Lend Overview. Reusing a competitor's documentation as a starting draft is common and says nothing on its own about what a team can build. It is recorded here because those two anchors are the only hard evidence of how far the work got, and the answer is that the docs were the work.

No trace on mainnet

Nest Finance published no component, package or resource address, and none has been found. It does not appear among the 25 Radix protocols tracked by DeFiLlama, which lists every Radix lending market that did ship, including Root Finance and both versions of Weft Finance. A protocol leaves a ledger record the moment it deploys, whether or not anyone uses it; there is no such record here.

The ecosystem directory keeps pages for projects that shut down, because a reader who meets the name needs to know what happened to it. This is a narrower case: a project that was announced and then abandoned before it ran. It is listed as Closed on that basis.

ShardSpace AdminLast updated Aug 18, 2026v3.0.07 revisionsVerified Aug 18, 2026