According to the NEST developers published on GitHubNEST Protocol v3.5Content announcement:

https://github.com/NEST-Protocol/NEST-announcement/blob/master/30_NEST3.5DevelopmentAnnouncement.md

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➤ Adjustment of NEST quotation mechanism

Each quotation needs to quote 2 price pairs at the same time. The combination is:

1) USDT/ETH + NEST/ETH quotes at the same time to mine NEST Token;

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➤ New mining conditions

Quotation Miners need to pledge NEST Token assets when they quote, and when verifiers make new quotes after taking orders.

The parameter rules of the two quotation tracks of USDT/ETH and NEST/ETH are as follows:

The quote asset is ETH standard, and one quote carries two quote pairs of assets, namely: 30 ETH and USDT worth 30 ETH; 30 ETH and NEST Token worth 30 ETH.

Each quote pair needs to mortgage 100,000 NEST. Every time a verifier makes a new quote after taking an order, the size of NEST that needs to be mortgaged x 2. If the verifier continues to verify, the price chain can continue without an upper limit.

Every time a verifier takes an order, the new quoted ETH scale will be x2 after taking the order. After taking orders 4 times, the asset scale of the taker’s quotation will no longer increase.

The initial value of the quoted mining fee ratio is 3‰, and the minimum value that can be set is 1/10,000. This parameter is a variable parameter.

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➤ Remove the bidding link when opening the oracle

When opening any token/ETH price oracle machine, there is no more bidding process, and it is adjusted to pay a certain amount of NEST Token to initiate the opening of a token/ETH price oracle machine. This NEST Token goes directly into the NEST DAO system.

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➤ QP token mining allocation adjustment

The mining allocation adjustment for NEST Token is:

Offer miners: 80%

NEST DAO：5％

NestNode group: 15%

The mining allocation adjustment for other QP Token is:

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➤ Adjustment of QP token mining release mechanism

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➤ NEST Protocol income mechanism adjustment

Adjusted from the original "distribute once a week, take the initiative to receive" to: deposit/retrieve at any time.

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➤ Allocation adjustments related to quote commissions

The quotation fee corresponding to mining NEST Token is adjusted as follows: 80% enters the income distribution pool, and 20% enters NEST Token DAO.

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➤ Allocation adjustments related to oracle call revenue

For USDT/ETH and NEST/ETH price oracles, all the call revenue goes to NEST Token DAO;

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➤ Data adjustment of NEST oracle system output

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➤ What's new about DAO

Repurchase mechanism: Anyone can sell QP Token to its corresponding DAO system according to the price data of the QP token price oracle machine;

DAO income: The QP Token in the DAO system will be deposited into the system staking contract to participate in the system's ETH income collection.

The above is the core content of NEST Protocol v3.5.

Regarding the development progress of NEST Protocol v3.5 version: the development of the core code has been completed and deployed on the test network. Interested enthusiasts can also participate in the test:

https://github.com/NEST-Protocol/NEST-Oracle-V3.5

The announcement mentioned that the security audit of NEST Protocol v3.5 will be conducted at the end of December and is expected to be completed within 2 weeks. In other words, the NEST Protocol v3.5 version will be launched in mid-January 2021.

Let's look forward to it together!