Onchain Marketcap$7.14m
Active Marketcap$7.14m
DeFi Active TVL$4.93m
NALPHA Price$1.09
Chains4
Native Yield11.14%
Token Properties
CategoryRWA Wrappers,Private Credit
Asset ClassActive Vault,Credit Pool
TypeWrapper
RWA ClassificationProgrammable Finance
Access ModelPermissionless
Parent PlatformNest Credit
Classification
RedeemableIndicates whether the token can be redeemed for underlying assets
TransferableIndicates whether the token can be transferred freely between on chain addresses
Self CustodyIndicates whether the token can be held in a user controlled wallet
AttestationsIndicates whether the issuer provides periodic attestations or assurance reports regarding reserves or backing
Issuer Information
IssuerNest DAO LLC
Registry InformationNest DAO LLC – legal address 852 Lagoon Road, Majuro, 96960, Marshall Islands, Legal Entity Identifier (LEI) 254900BB9T1QYAT04892 (status: ISSUED; managing LOU: Bloomberg Finance L.P.; next renewal date: 2026-10-14).
Sourcehttps://www.lei-lookup.com/record/254900BB9T1QYAT04892
Attestations
Date of Last AttestationNot publicly disclosed
Attestation FrequencyNot publicly disclosed
View AttestationsThird-party verification reportsView AttestationsThird-party verification reportsView AttestationsThird-party verification reportsView AttestationsThird-party verification reportsNotes
- nALPHA is the receipt token for Nest’s diversified “balanced yield” vault. Nest discloses a blended composition across crypto basis strategy (25%), American oil & gas / mineral and royalty interests (25%), private credit (23%), U.S. Treasuries (15%), plus smaller allocations to ETFs (12%), money market funds (1%), and senior secured debt (1%). The disclosed component list includes a 25% allocation to Nest Basis Vault, 25% Mineral Vault (mineral & royalty interests), 15% Nest Treasury Vault, 15% LiquidStone by BlackOpal (invoice financing), 8% Whinfell (tokenized ETFs), 8% Kasu (invoice financing), and smaller allocations to Blackstone SRLN (2%), OpenTrade XHYCB (BlackRock corporate bond ETF, 2%), OpenTrade XMMF (Fidelity Institutional Liquidity MMF, 1%), and Invesco iSNR (senior loan strategy, 1%)
DeFi Active TVL by Protocol

Protocol | ||
|---|---|---|
| $4.82m | 97.94% | |
| $44,197 | 0.90% | |
| $22,037 | 0.45% | |
| $22,037 | 0.45% | |
| $10,481 | 0.21% | |
| $784 | 0.02% | |
| $604 | 0.01% | |
| $521 | 0.01% | |
| $426 | 0.01% | |
| $245 | 0.00% |
Native Yield11.14%
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Historical APY from Nest DAO LLC
