Plume, a blockchain initiative centered on real-world assets (RWA), has launched its Nest yield vaults on Solana, providing users with direct access to institutional-quality RWA for the first time.
This launch features three products — nBASIS, nOPAL, and nTBILL — offering exposure to on-chain credit, U.S. Treasuries, and short-term receivables.
By depositing stablecoins into Nest, users receive a yield-generating token that can seamlessly navigate Solana’s DeFi ecosystem, from automated market makers (AMMs) to lending platforms. These tokens can be redeemed at any time, making them valuable components in a new “real-world yield economy” on this high-speed network.
According to Plume’s CBO and co-founder Teddy Pornprinya, the crypto landscape is “evolving beyond synthetic yield” towards returns rooted in traditional financial activities.
“Stablecoins ushered millions into the crypto space, while yieldcoins will ensure their retention,” he stated.
Plume asserts that it currently supports more than half of the industry’s RWA volume, and its expansion to Solana taps into a swiftly growing segment: the real-world asset value on Solana is nearing $1 billion, as reported by Nick Ducoff, head of Institutional Growth at the Solana Foundation.
The vaults integrate directly with Solana-native platforms Loopscale and Jupiter, facilitating “leveraged RWA looping” — a system that allows users to rehypothecate deposited assets through recursive borrowing to enhance returns while ensuring collateralization.
Moreover, Nest deposits contribute to the Plume Nest Points Program, rewarding users for possessing and utilizing vault tokens as part of an ongoing Season One initiative.
