{"id":"nest-protocol","version":1,"language":"en","title":"Nest Protocol","content":"[Nest Protocol](https://beta.everipedia.org/wiki/nest-protocol) is a decentralized oracle built on Ethereum and powered by the NEST token. The protocol is a distributed price oracle network that incentivizes users to bring off-chain data on-chain[\\[1\\]](#cite-id-h9t4o89sx7u)[\\[2\\]](#cite-id-blhkzperwrh).  \n  \n# Overview  \n  \nNEST 1.0 started in December 2018 as a lending protocol. NEST 2.0 changed to oracle and launched on November 30, 2019. In July 2020, NEXT 3.0 launched with multi-asset oracles.  \n  \nOn May 18, 2020, Bibox listed Nest Protocol (NEST) with NEST/USDT and NEST/ETH trade pairs[\\[3\\]](#cite-id-rmm48oh3itc).  \n  \nOn August 6, 2020, Huobi Global announced launching Nest Protocol on its platform. NEST/USDT, NEST/BTC and NEST/HT trading became available from 15:00, August 7, 2020[\\[4\\]](#cite-id-twmtec5wfc).  \n  \n# NESTCore  \n  \nThe NESTCore team is anonymous. NESTCore is a small team that consists of one chief architect, one economist and several smart contract developers. There is little public information about the NESTCore team. Their philosophy is that a truly decentralized project is not about the team instead it is all about the community[\\[5\\]](#cite-id-ldnais9ecc).  \n  \n## See Also  \n  \nList of [Oracle](https://beta.everipedia.org/wiki/oracle) Coins","summary":"Nest Protocol is a decentralized oracle built on Ethereum and powered by the NEST token. ","categories":[{"id":"defi","title":"Decentralized Finance"}],"tags":[{"id":"Protocols"}],"metadata":[{"id":"page-type","value":"generic"},{"id":"references","value":"[{\"id\":\"h9t4o89sx7u\",\"url\":\"https://nestprotocol.org/\",\"description\":\"Nest Protocol Website\",\"timestamp\":1659750215729},{\"id\":\"blhkzperwrh\",\"url\":\"https://sharlyn-wu.medium.com/why-nest-protocol-is-the-only-oracle-that-works-for-defi-45c0a44503f9\",\"description\":\"Why NEST Protocol is the only oracle that works for defi?\",\"timestamp\":1659750242854},{\"id\":\"rmm48oh3itc\",\"url\":\"https://bibox.zendesk.com/hc/en-us/articles/900000944226-Bibox-Lists-NEST-Protocol-NEST-on-05-18-2020\",\"description\":\"Bibox Lists NEST Protocol (NEST) on 05/18/2020\",\"timestamp\":1659750267374},{\"id\":\"twmtec5wfc\",\"url\":\"https://huobiglobal.zendesk.com/hc/en-us/articles/900002049403-Launch-of-NEST-NEST-Protocol-at-15-00-on-August-7-GMT-8-\",\"description\":\"Launch of NEST (NEST Protocol) at 15:00 on August 7 (GMT+8)\",\"timestamp\":1659750286510},{\"id\":\"ldnais9ecc\",\"url\":\"https://sharlyn-wu.medium.com/why-nest-protocol-is-the-only-oracle-that-works-for-defi-45c0a44503f9\",\"description\":\"Why NEST Protocol is the only oracle that works for defi?\",\"timestamp\":1659750312950}]"},{"id":"twitter_profile","value":"https://twitter.com/nest_protocol/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/nest-protocol"},{"id":"website","value":"https://nestprotocol.org/"},{"id":"contract_url","value":"https://etherscan.io/token/0x04abeda201850ac0124161f037efd70c74ddc74c"},{"id":"github_profile","value":"https://github.com/NEST-Protocol"},{"id":"telegram_profile","value":"https://t.me/nest_chat/"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/nest-protocol/"},{"id":"words-changed","value":"13"},{"id":"percent-changed","value":"22.89"},{"id":"blocks-changed","value":"content,references,twitter_profile,coingecko_profile,website,contract_url,github_profile,telegram_profile,coinmarketcap_url"},{"id":"wiki-score","value":"56.00"}],"user":{"id":"0x7da121Af2c3Fc2e65eDCD3573a403C352B4538Aa"},"author":{"id":"0x7da121Af2c3Fc2e65eDCD3573a403C352B4538Aa","profile":{"username":"Ilori_Josh","avatar":"QmVG5Mp6f1NeZ4xEwqS2jh75tjqiF9su8xCRVWrsnv2RFA"}},"media":[{"name":"8AEC0456809F21BD49B8ACB18842E4A0.png","size":"0.103","id":"QmULdG74t54oJMp2DHvZbuA8oJGemXEbQFzMnmpYv4xGyG","source":"IPFS_IMG"},{"name":"52954052.webp","size":"0.004","id":"QmeKgpdW2g9WZzTg2TcmZ3Pi3esSTta9rzeLVGirKn3Rou","source":"IPFS_IMG"},{"name":"1624279399_476_What-is-the-NEST-Protocol-NEST-The-complete-set-of.jpg","size":"0.020","id":"QmVdPTJNLL3HSaMNKTbZGRSN9WhrE5RrqhdVnY8SChVDEC","source":"IPFS_IMG"},{"name":"2069225431.jpg","size":"0.023","id":"QmQSjuFrvebB8vNAPFVTz8AeG3VAGWmf4Pa1HWgMssDz82","source":"IPFS_IMG"},{"name":"nest-oracle-protocol.png","size":"0.423","id":"QmTfc7upcQ1o9GzcfZKYMyqKMBgb4ZeNAUhgqhdteaKJmH","source":"IPFS_IMG"},{"name":"u-zlS61Rb.png","size":"0.050","id":"Qme8u2aQhNFdfttHFDFARPZwo7bNZR4Xe8vGAfgPdbEuWW","source":"IPFS_IMG"}],"ipfs":"QmTNGk5K162DKUkMTwhzR6bcavEhM1v5T1DHbwvoGm7is2","transactionHash":"0xe033e07fddf03c16fe8168242f20ea6aa563b1bea1c840a3ae87ebb9ef86396d","created":"2022-08-06T01:38:24.211Z","updated":"2022-08-06T01:38:24.211Z","images":[{"id":"QmUZuVhNvwnD7kwkNNPEFVZjPqLeBAXsTWA3hbzLd2xcGR","type":"image/jpeg, image/png"}]}