{"id":251263,"date":"2022-07-29T17:30:07","date_gmt":"2022-07-29T16:30:07","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=251263"},"modified":"2023-01-13T00:53:05","modified_gmt":"2023-01-13T00:53:05","slug":"nested-on-a-mission-to-turn-defi-into-socialfi","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/nested-on-a-mission-to-turn-defi-into-socialfi\/","title":{"rendered":"Nested on a mission to turn DeFi into SocialFi"},"content":{"rendered":"

A hard-to-digest user experience that narrows users to diehard crypto fans, steep fees that exclude many, a dire lack of technical guidance leading to expedited liquidations, and the absence of community-oriented mechanisms to incentivize users to share more \u2013 DeFi has a lot of work to do before turning the dream of mass adoption into reality.<\/p>\n

Hope isn\u2019t dead, though \u2013 it just needs a little push.<\/p>\n

Accessibility is key<\/h2>\n

DeFi must become a reassuring place if it wishes to break new highs.<\/p>\n

Nested<\/a> is a social trading platform that intends to revolutionize DeFi for good by making it social, rendering it accessible to CeFi users. In that sense, Nested is trailblazing SocialFi to open up crypto investment to the world.<\/p>\n

Multi-chain and built to scale, Nested provides a smooth user experience that reduces web 3 noise, brings social features that tame technicality for newcomers, and implements a solution that enables savvy traders to monetize their knowledge \u2013\u00a0all while aggregating several protocols together on a single platform.<\/p>\n

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Multiple networks available to Nested\u2019s users<\/figcaption><\/figure>\n

That platform allows users to create financial portfolios \u2014\u00a0 \u2018Nested portfolios\u2019\u2014 enveloped in non-fungible tokens (NFTs) that reflect a chosen set of up to twelve tokens per portfolio.<\/p>\n

Users can then freely manage these portfolios, share them with friends or even copy other users\u2019 strategies.<\/p>\n

Nested<\/a> allows DeFi newbies to copy\u00a0strategies that correspond to what they are looking for while giving the opportunity to more experienced DeFi traders, such as community leaders, to earn royalties every time one of their\u00a0portfolios is copied \u2014 and enjoy a seamless asset management experience.<\/p>\n

The company\u2019s solution makes crypto investment easier, more social, versatile and affordable thanks to its use of NFT technology that reduces transaction fees and facilitates management \u2013\u00a0with only one transaction needed for up to twelve assets.<\/p>\n

Moreover, the near total absence of mutual support in Web 3.0 is ironic given that it was built upon the idea of peer-to-peer.\u00a0It has led to many people giving up.<\/p>\n

Bringing a social dimension<\/a> so that users might benefit from each other is the means to mitigate risks.<\/p>\n

This is why Nested\u2019s solution lies at the crossroads of social media and crypto trading \u2013\u00a0to ultimately increase DeFi\u2019s accessibility to CeFi users.<\/p>\n

Peer-to-peer guidance through an easy-to-use and all-in-one platform that socializes DeFi is the missing element to truly mitigate risks for rookie traders and turn a marginally obscure experience into a more pleasantly mainstream one \u2013\u00a0SocialFi at its finest.<\/p>\n

Come learn more<\/a><\/p>\n

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Nested\u2019s explorer<\/figcaption><\/figure>\n

Progress, not perfection<\/h2>\n

Nested is conscious that before reaching the masses, it must first convince CeFi users that it is the best-decentralized alternative to what they are accustomed to.<\/p>\n

To that effect, Nested<\/a> is developing a mobile application that will rival those of CeFi while offering the advantages of DeFi \u2013\u00a0essentially gathering the best of both worlds.<\/p>\n

CeFi users are used to smooth onramp and offramp solutions that make investment easy through speedy bank card deposits or even SEPA transfers. Nested intends to align with that approach to simplify DeFi investment.<\/p>\n

One of our goals is to abstract Metamask and make the idea of a seed phrase a notion of the past. Users must be able to create a profile and a portfolio in no time like anyone would when creating an Uber account.<\/p>\n

This, in part, will be made possible by building a wallet on top of a seedless non-custodial solution \u2013 such as Magic Link \u2013 inside of our solution.<\/p>\n

All this will provide our users with new portfolio and wallet management features that ease authentication as well as on and off-ramp processes like on Binance or Coinbase.<\/p>\n

Finally, being a DeFi native usually induces that one must manually alternate between chains to trade. This, however, would not make for a simple user experience.<\/p>\n

This is why Nested intends to become cross-chain by the end of 2023 \u2013 once the technology has matured enough and is more applicable.<\/p>\n

In the meantime, Nested has plenty of advantages that put it ahead of the curve against its competitors. Its innovative social focus and usage of NFT technology, combined with the fact that it is decentralized and aggregates several protocols, make it all a top runner.<\/p>\n

Nested is backed by some of the most prominent actors of the crypto sphere \u2013\u00a0like Alan Howard, CMT Digital, Jump and Republic Capital \u2013who believe in the platform\u2019s vision and in what the team tries to achieve.<\/p>\n

#FromCeFiToDeFI<\/p>\n

Create your portfolio now<\/a><\/h3>\n

Nested\u2019s official links:<\/p>\n