Underlying asset
nOPAL
Issued by Nest. The facts below were checked on the date shown, from the sources listed.
nOPAL is issued by Nest. What stands behind it: real-world credit. It is redeemed through a queue.
Facts
- Issuer
- Nest
- What stands behind it
- real-world credit
- Strategy
- Brazilian credit card receivables, FX-hedged
- Valued in
- USD
- Position in the capital stack
- not a tranche
- Who has to keep a promise
- a manager off chain, a regulated issuer
- Redemption
- redeems through a queue
- Who can change it
- a timelock · 48 h delay · the token's own code cannot be replaced 0x8faacdc65de5d78975df4f9dc4b6548979ceb23a (Ethereum)
- Audits
- Spearbit, 2024-04
0xMacro, 2024-03 - Bug bounty
- not found in a source that meets the standard
- Depends on
- none recorded
- Chains
- Ethereum
- Checked
- 2026-10-01, from the issuer's own documents
- Sources
- https://www.plume.org/blog/plume-brings-institutional-real-world-yield-to-solana-with-launch-of-rwa-nest-vaults
https://plume.org/blog/nopal-is-now-live-on-pendle-fixed-yield-backed-by-brazilian-credit-card-receivables
https://docs.nest.credit/about/available-vaults/
https://docs.nest.credit/about/liquidity-and-redemptions
https://docs.nest.credit/security-and-compliance/audits
Pendle markets on it
No live Pendle market on this asset as of 6 Oct 2026.
Not found
What the research has not answered for this asset, said rather than left blank.
- How long redemption takes at worst.
- A public bug bounty programme.
- Incidents: this encyclopedia does not yet keep a record of incidents from primary sources.