xStocks Officially Endorses NestUSD, the First DeFi Borrowing Protocol for Tokenized Equities on Solana
xStocks officially endorsed NestUSD on June 26, the first DeFi protocol letting holders of tokenized US equities borrow nUSD at 3% APR or stake for 6% APY.
➤ xStocks has officially endorsed NestUSD, a new DeFi protocol on Solana that allows holders of tokenized US equities to borrow nUSD (a dollar-pegged stablecoin) against their holdings. ➤ NestUSD enables users to deposit xStock tokens as collateral, borrow nUSD at 3% APR, and stake the stablecoin for a 6% APY, with stability fees directed to stakers. ➤ The protocol's launch and endorsement highlight the growing infrastructure for tokenized equities on Solana, with xStocks reaching a significant supply and trading volume, though NestUSD faces early-stage risks common to new DeFi protocols.