Plume Network's Pre-Deposit Vaults Surpass $64.4M in Total Deposits
Plume Network's Rapid Growth
Plume Network has announced a significant milestone with its pre-deposit vaults reaching $64.4 million in total deposits. This achievement comes ahead of its anticipated mainnet launch, underpinned by successful campaigns with Nest, a leading RWA staking protocol.
High Demand for RWA-Backed DeFi
The recent Nest campaign attracted $28.6 million in deposits, underscoring strong interest in real world asset (RWA) yield generation. More than 20,000 users participated for early access, highlighting the protocol's appeal. Nest, built exclusively on Plume, offers depositors first access to staking vaults with yields backed by top institutional assets.
Innovative Approach to Yield Generation
Nest provides users with pre-deposits in USDT and USDC, granting early access to boosted reward rates. This permissionless access allows users to engage with institutional assets typically restricted to traditional finance. The campaign's design focused on community feedback, expanding vault access and increasing the reward pool.
Plume Network's Ecosystem Expansion
Plume Network's infrastructure is EVM-compatible, featuring a full-stack tokenization architecture. This has attracted over 180 projects to its ecosystem, positioning it as a leading platform for RWA protocols and DeFi users. Nest offers asset issuers unparalleled distribution to Web3 users.
Diverse Vault Offerings
Nest's launch will feature three main vaults: an RWA Vault for yields from established asset managers, a Treasuries Vault offering stable returns through AAA-rated assets, and a High Yield Vault for growth opportunities with blue-chip crypto assets. Each vault is designed to cater to different user preferences while maintaining security and liquidity.
Security and Future Prospects
The vaults are secured by multiple audit firms, including SlowMist and Cicada Partners, with an additional audit underway. The success of the pre-deposit campaigns signals growing demand for real world assets, cementing Plume Network's role in the emerging RWAfi ecosystem. As Plume continues to expand, it plans to explore additional vaults, potentially including AI infrastructure and real estate.
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