Came across this project Nested via an airdrop channel and found its concept very interesting.
Here is their twitter slogan
The one-stop SocialFi app to build, manage, replicate and monetize portfolios
Look further and they said that
Nested allows users to put many tokens (up to twelve) into a unique non-fungible token (NFT) known as a Nested portfolio. At the end of the creation process, the user receives an NFT that represents all the user's holdings. Each NFT issued on Nested is then backed by the underlying assets and their real market value.
They are naturally a crosschain service and so far support Avalanche, Polygon and BNB chains. I really like the idea of using NFT to represent your investment portfolios. You may even create a specific portfolio and send the NFT to your friend or family. Other people can replicate your portfolio and maybe you can generate some $$ from it but I am not so sure so DYOR.
The point is... it's still early stage and a possibility of their token airdrop and very likely you would have to use their platform to qualify for it (again, no guarantee).
I did. So let me guide you through it with my example.
I chose BNB chain to build my portfolio.
First you need to set the budget of your PF. Meaning that you will later pay with this amount of money using the tokens you pick.
Now on BNB chain they give your four options: BNB, BUSD, USDC, USDT.
I set a budget of $100.
Now you choose what tokens and their percentages to comprise of your PF. Given your specified budget, that is.
At the moment, they only have big guys here to choose from: ETH, AVAX, SOL, BNB, USDT. But you can imagine the future there should be more. ($bLEO $CUB? ...)
So I finished my choices and then created it. Need to give your PF a name and tags are optional.
See the total cost!? So it means I use my own 100 $BUSD to buy 0.8817 AVAX and 0.1865 SOL and put them in this NFTized vehicle PF so you can see it grow over time.
Convenient to share your PF on social media.
This is what looks like on twitter.
On the platform itself. You can see some transaction fee has been spent so now my PF is only worth $98.
You can even check the activities on BNB chain. As you can see, my account has been given an ERC-721 token (aka NFT). That would be my PF token I assume.
That's it!
A very interesting investment tool dapp/protocol that is naturally crosschain.
I can't help relate this to the crosschain defi future that our Leofinance team is building ... Many possibilities and ideas indeed.
