Source fetched 2026-09-22T12:27:16Z

SPYx × Nest

Exact-token support is source-listed The protocol or product source names this exact token. No configuration decoding or read-only execution simulation was performed.

Source-described use: Deposit this exact mint into its configured Nest collateral market and mint the nUSD stablecoin against it.

Open SPYx token report · Open xstocks-backed issuer dossier

Exact token and source-described action

Solana token address: XsoCS1TfEyfFhfvj8EtZ528L3CaKBDBRqRapnBbDF2W
Actions described by source: collateral, borrow
Source-reported integration status: available
Access limits: Issuer eligibility and the protocol’s geographic restrictions apply; direct issuer redemption remains KYC-gated.
Direct links: Open market / product ↗ · Protocol documentation ↗

Proof status — do not read a source listing as execution proof

Achieved proof stage: source-listed
Source proof status: exact-token-registry
Source fetched: 2026-09-22T12:27:16Z
Activity observed: Reported market metrics, if shown, are source-reported parameters or activity indicators, not independently executed trades.
Account existence: checked (2/2 referenced accounts)
Configuration decoded: Not performed
Read-only execution simulation: Not performed

Source evidence

deployment-manifest: Nest's nest-public-deployment-v1 manifest contains a configured market for this exact collateral mint. Open source ↗

Referenced accounts and owners

Role	Address	Existence check	Expected owner	Observed program owner
collateral-config	`D1xjj1JX1m2CmPm8hEuzZCj6mEqYpqAdGasqasH1drqm`	exists	`Not established`	`HxbLPNuQD7KKDVQoSQgY1cLMLrsaoseT65Xoczh7zHQW`
collateral-vault	`6tL1HcrqF1Vmwx2bKk11qHp4GSqYVpueeEDyHq1kXCys`	exists	`Not established`	`TokenzQdBNbLqP5VEhdkAS6EPFLC1PHnBqCXEpPxuEb`

The current source data records observed owners, not a separately published expected-owner assertion; where no such assertion exists, it remains not established. Account existence and owner corroborate the published reference but do not independently decode configuration or prove a user action can succeed.

Recorded parameters

Maximum LTV: 70%
Liquidation LTV: 80%
Liquidation penalty: Not reported
Configured / observed size: Not reported
24 h volume: Not reported
24 h transactions: Not reported
Oracle: pyth-lazer

Markets and configured addresses

SPYx / nUSD
D1xjj1JX1m2CmPm8hEuzZCj6mEqYpqAdGasqasH1drqm

Custody and default outcomes

Borrower default / seizure

The lender can seize and sell; redemption is gated

The token is a transferable bearer ledger-based security, so the contract can transfer or sell it after default while the mint is open. Direct redemption for cash is not autonomous: the lender must pass KYC/AML and the issuer may reject a request on negative findings.

Protocol hack custody

Clawback may reverse a theft

The permanent delegate and pause authority can technically contain or reverse a hacked transfer. Assistance is discretionary rather than a protocol right, and the same powers can reverse the protocol's own custody or liquidation outcome.

Access or key loss

Issuer action can rescue a stranded token

The permanent delegate can technically move or burn a balance in an inaccessible account. A replacement or redemption still depends on the issuer accepting the claimant, completing compliance checks and exercising that power.

These are issuer-plus-control-recipe conclusions from the matched legal template — not protocol simulation results.

Lender exit after receiving the token

Conditional market exit — The lender can use a checked on-chain sale route, but issuer controls, transfer conditions, or thin liquidity may prevent full realisation.

Observed DEX liquidity: $3,791,147
Issuer redemption established: yes
Key limit: Possession of the token does not itself establish eligibility, issuer recognition, redemption access, or enough executable market liquidity.