---
title: "Nest Alpha Vault LP (inALPHA) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/inalpha-nest/"
description: "Build-time stablecoin profile for Nest Alpha Vault LP (inALPHA). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Nest Alpha Vault LP (inALPHA)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** CeFi-Dependent

**Status:** active

## Overview

NAV-priced dollar vault token holding private/structured credit with nTBILL and stablecoin buffers; not a par stablecoin. Nest Alpha Vault LP is included because providers classify it as a dollar-referenced asset, but its behavior is closer to a NAV share than a par stablecoin. The token can appreciate or drift with vault strategy performance, so Pharos marks it yield-bearing and NAV-style. Reserve validation checks the on-chain token, while the reserve slice remains the Nest Alpha strategy book. This is useful coverage, but direct comparisons with cash-backed dollars are misleading. The underlying mix is {{term:yield-bearing}}yield-bearing{{/term}} {{term:rwa}}RWA{{/term}} credit with an nTBILL {{term:treasury}}T-bill{{/term}} buffer, so {{term:redemption}}redemption{{/term}} depth depends on the vault's liquid stablecoin layer rather than direct par exit.

## Collateral

Diversified portfolio of tokenized RWAs from institutional asset managers plus private-credit and trade-finance positions from accredited protocol partners, with a liquidity buffer of yield-bearing stablecoins and an nTBILL (Nest Treasury) allocation.

## 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

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x64ab176c545bb85eca75d53c3ffcb361deafb855` | 6 |
| plume | `0x64ab176c545bb85eca75d53c3ffcb361deafb855` | 6 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/inalpha-nest.