New York City, United
States, December 31st, 2024, Chainwire
Ahead of its anticipated mainnet launch, Plume Network today announced its
pre-deposit vaults have reached $64.4M in total deposits following
the successful completion of its latest campaign with Nest, the flagship RWA staking protocol.
The Nest campaign attracted $28.6M in deposits, following
StakeStone's earlier pre-deposit campaign, demonstrating
significant demand for RWA-backed DeFi offerings.
The Nest RWA staking campaign saw more than 20,000 users
participate for early access, highlighting strong interest in the
protocol's innovative approach to real world asset yield
generation. Nest, built exclusively on Plume, will provide
depositors first access to its staking vaults, offering a variety
of yields backed by institutional-grade real world assets, top
crypto assets, or stable treasuries.
Pre-deposits in USDT and USDC gave early users access to Nest's
vaults with boosted reward rates before mainnet. Through Nest's
ecosystem on Plume, users gained permissionless access without
middlemen to yield opportunities from institutional assets
typically restricted to traditional finance.
"We designed this campaign with our community in mind," said
Teddy Pornprinya, Co-founder at Plume. "When our initial vault
filled within 20 minutes, we listened to our community who had
asked us to expand previous vaults, and opened access beyond our
initial $10M cap. We're committed to our early supporters – not
only are we preserving their rewards, we're actually increasing the
total reward pool to match the additional deposits."
The strong response to these campaigns reinforces Plume
Network's position as a leading platform for RWA protocols and DeFi
users. With its EVM-compatible infrastructure and full-stack
tokenization architecture, Plume has already attracted over 180
projects to its ecosystem, while Nest provides asset issuers
unparalleled distribution to Web3 users.
Nest's launch will feature three key vaults: a flagship RWA
Vault offering liquid access to yields from established asset
managers like Blackstone, Carlyle, and Pimco; a Treasuries Vault
providing stable returns through AAA-rated assets managed by
Plume's partners M^0, Mountain, and Anemoy; and a High Yield Vault
for users seeking growth opportunities through blue-chip crypto
assets.
"Each vault is designed for different user preferences while
maintaining core principles of security and liquidity," said Alex
Palmer, Head of Product at Plume. "Whether users choose the RWA,
Treasuries, or High Yield vault, they can easily deposit and
withdraw while earning high-quality yields. Looking ahead, we're
exploring additional vaults that could include exposure to AI
infrastructure, GPUs, government bonds, and real estate."
Nest's vaults are secured by multiple audit firms including
SlowMist, risk assessment by Cicada Partners, and an additional
audit to be completed by Trail of Bits.
The success of both pre-deposit campaigns signals growing
institutional and retail demand for real world assets, establishing
Plume Network as a cornerstone of the emerging RWAfi ecosystem.
About Plume Network
Plume is the first fully integrated L1 modular blockchain
focused on RWAfi, offering a composable, EVM-compatible environment
for onboarding and managing diverse real-world assets. With 180+
projects on its private devnet, Plume provides an end-to-end
tokenization engine and a network of financial infrastructure
partners, simplifying asset onboarding and enabling seamless DeFi
integration for RWAs.
For more information, visit https://plumenetwork.xyz and https://x.com/plumenetwork.
About Nest
Nest is the flagship staking protocol on Plume enabling users to
earn institutional-grade yields through real world assets. The
permissionless protocol allows fund managers and issuers to create
structured offerings, while giving users access to traditionally
restricted assets and opportunities. Audited by SlowMist and
risk-assessed by Cicada Partners, Nest leverages Plume's
infrastructure to democratize access to institutional yields.
For more information, visit https://nest.credit and
https://x.com/NestCredit
Contact
Plume Network
press@plumenetwork.xyz