https://github.com/NEST-Protocol/NEST-announcement/blob/master/NESTFuturePlans.md
https://www.chainnews.com/articles/250597278289.htm
As a decentralized on-chain price provider, NEST has been working hard to realize the dream of a new financial order on the chain. The Core team has never stopped thinking and developing NEST. Up to the current version, NEST is still in continuous evolution, rather than going to perfection all at once, which reflects the complexity of the blockchain industry and the difficulty of innovation. Judging from the existing development and downstream ecology, NEST is about to launch version 3.5, and the CoFiX project is calling downstream, but our thinking and efforts do not stop there. Here are some new ideas and plans to communicate with the community.1. Change dividends to repurchase (according to market price)
1) Compared with the repurchase, the dividend model has a free-rider problem: a decentralized system is essentially a game system, and there may be different rounds of game participants. For example, the first round of participants obtained the amount of NEST through mining It is X1, and the contribution ETH is Y1. Under the repurchase model, those who are not optimistic can sell X1 to the system and destroy it (long-term holders are not considered for the time being). Since the repurchase amount and mining cost are equivalent, the total No value spills out of the system, just different people get different buyback prices. After the repurchase is completed, the participants in the second round will obtain NEST quantity X2 through mining and contribute ETH to Y2. If they are still not optimistic, they can sell to the system like the first round, because the long-term holding of the first round is not considered. Yes, so the repurchase amount and mining cost are still equivalent, that is, Y2 corresponds to X2. But if it is a dividend model, regardless of whether the players in the first round hold NEST (such as selling through the market), when the participants in the second round enter, they must distribute the income to the mined NEST, which means that Y2 needs to be distributed to X1 + X2, this is not friendly to new players, it is equivalent to delivering value to the previous participants who have given up.2) Since NEST needs to be deposited into the smart contract to receive dividends, especially in version 3.5, it is changed to accumulatively calculate income according to time, which means that the application of NEST assets in the DeFi field will be affected by the loss of yield, such as mortgage lending. NEST’s dividend income makes few people willing to use NEST as collateral to borrow ETH, which is very unfavorable to the parallel assets mentioned later and the expansion of NEST usage (including nToken).3) The dividend model has a certain effect on attracting non-community participants (not interested in NEST itself, but interested in dividend income), but it also has some negative effects, such as being easily misunderstood as securities, or currency holders are more Chasing the illusion of yield rather than the intrinsic value of the NEST system, etc., repurchase is equivalent to putting forward a decision-making requirement for the holder: in the absence of dividend income, either choose to sell to the system, or hold it for a long time based on the intrinsic value.2. Focusing on the internal needs of the NEST system, it is convenient for more miners to participate in quotations and make important applications: parallel assets, which require NEST protocol to be compatible with parallel asset quotations.
1) The core idea of parallel assets is mainly to generate a "parallel world" of ETH based on NEST system assets and oracle price data: any asset has a parallel asset with an intrinsic value of 1:1, which is used for system quotations, and parallel assets can be seen in detail white paper. Take the miner’s quotation of ETH/USDT as an example. The miner needs to hold these two assets. Once the quotation density is high, or a taker occurs, he needs to hold more ETH and USDT, so he must bear the price risk of the two quotation assets , but if relying on NEST to mortgage and generate two kinds of assets, you only need to pay a certain amount of "interest" without bearing the overall risk of asset fluctuations. This is what miners have always demanded. This requirement makes use of both NEST itself and the NEST oracle.2) Parallel assets allow NEST to build an ecosystem starting from the NEST system and gradually covering the NEST community, NEST related parties and the DeFi world, and all of this is based on real and stable needs, so as to continuously improve the NEST oracle Call frequency and value.3) Parallel assets allow holding NEST itself to hold various assets on ETH (as long as there is a quotation), thereby increasing the leverage ratio of the system (previously 1), and increasing the total value of the NEST ecology.3. Long-term vision and future opportunities of the NEST system
The above are the important improvements that the NEST system will require in-depth community participation and discussion in the future. In addition, the NestCore team also proposes future positioning and overall development routes for community discussion:1) NEST is not only positioned as a price oracle, but a generator of native assets on the chain. The NEST system will generate more native chain assets like NEST and nToken (value capture is completely on the chain, and the entire process is completely decentralized. ), which is different from collateral assets such as USDT, enriches the types and quantities of assets on the chain, and prepares for real decentralized finance or applications.2) NEST will fully launch the decentralized governance model such as voting in version 3.6 to achieve full decentralization, and all subsequent modifications will strictly implement the voting process.3) The Core team will continue to propose two new versions for the NEST system: NEST 4.0, which realizes the randomness of miners' quotations, thereby alleviating the miners' concentration problem that the community is currently worried about. NEST 5.0 solves the problem of insufficient incentives for verifiers, that is, improves the compulsion and effectiveness of price verification. In these two versions, what needs to be solved is the automatic adaptation between the quotation fee, scale and Gas Fee to ensure the stability and continuity of the quotation density. The above three issues are still under development, and there is no 100% sure solution yet, but the NestCore team will continue to develop around these issues.4) The NestCore team will propose more brand-new on-chain financial designs as community participants. Information flow transactions, game asset management, and equilibrium coins currently at the conceptual design level are completely different from traditional financial products and are brand new things.Finally, NestCore once again expresses our belief in the blockchain:
We firmly believe that a completely decentralized world of native assets, combined with a brand-new financial model, will create an unprecedented order on the chain, an order completely dominated by algorithms and non-cooperative games, which is a subversion of the entire history of human value and organization style change.
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