Profile
inALPHA profile facts
Nest Alpha Vault LP (inALPHA) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg US Dollar-denominated NAV.
- Collateral
- Legacy Nest Alpha vault exposure whose current complete backing is not publicly reconciled. The exact 0x64ab176c545bb85eca75d53c3ffcb361deafb855 positions feed identifies a small pUSD balance and zero-valued iSNR, while reported NAV is larger; the active nALPHA vault at 0x593ccca4c4bf58b7526a4c164ceef4003c6388db is a different claim.
- Peg mechanism
- Vault LP token whose value targets a dollar base but can appreciate or drift with strategy NAV rather than functioning as a hard 1:1 redeemable stablecoin
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
inALPHA quick answers
5
What is Nest Alpha Vault LP (inALPHA)?
inALPHA is Nest's legacy NAV-priced vault share; its exact public positions remain unreconciled and must not be replaced with the newer nALPHA portfolio. The static profile records its US Dollar-denominated NAV accounting mechanism as: Vault LP token whose value targets a dollar base but can appreciate or drift with strategy NAV rather than functioning as a hard 1:1 redeemable stablecoin.
Is inALPHA safe?
As of Nov 8, 2026, Pharos grades inALPHA D (46/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs inALPHA?
inALPHA's collateral, per its Pharos profile: Legacy Nest Alpha vault exposure whose current complete backing is not publicly reconciled. Reserve evidence: no linked reserve proof in the static profile. Pharos classifies the backing as Real-World Asset Backed.
Can inALPHA be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem inALPHA?
Under the route Pharos reviewed on Jul 19, 2026, customers the issuer has verified can redeem inALPHA for USDC and pUSD. Settlement takes multiple days. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
