{"data":{"id":"nest-plume","name":"Nest RWA (Plume)","version_id":"9112","effective_from":"2026-06-15 19:48:12.903+00","constituent_type":"vault","content_hash":"fd9e98e1dd8757d07eb7bf5e893110e63d2e9d88368c621a2a1359096b09433a","methodology":{"summary":"A curated basket of Nest's real-world-asset vaults on Plume — a single entry point for diversified Nest RWA exposure (tokenized Treasuries, private and public credit, basis strategies) without picking individual vaults. Admits Nest vaults at Prime or Core tier with TVL ≥ $100k, score-weighted with a pivot at the Core floor (5.0). As a single-protocol basket the issuer cap is disabled and the single-name cap (50%) spreads weight across Nest's vaults. Nest's underlying RWA classifications are currently provisional (agent-reviewed, pending RWA-specialist sign-off — see PHI-27), so the basket reflects conservative risk scores.","eligibility_rule":"A Nest vault on Plume (chain 98866) is eligible when its Philidor risk tier is Prime or Core and its TVL ≥ $100k. The universe is constrained to protocol Nest on Plume. Constituents that drop below Core tier or under the TVL floor are removed at the next rebalance. Single-protocol basket: the issuer cap is disabled (100%); the single-name cap (50%) is the diversifying constraint.","weighting_rule":"Each Nest vault receives a raw weight proportional to its risk score above 5.0 (the Core tier floor), normalised so the basket sums to 100%. Nest vaults currently score in a tight ~6.9–7.1 band, so weights are near-equal; the pivot keeps every eligible Core/Prime vault positively weighted.","refresh_rule":"Rebalances run on a calendar schedule (the last business day of March, June, September, and December at 16:00 UTC) and additionally fire when any constituent crosses a tier boundary, when a hard-fail flag triggers, when an active-incident clamp applies, when a constituent's score moves UP by ≥ 1.0, or when a constituent's score moves DOWN by ≥ 0.3. The asymmetric thresholds reflect the institutional client posture: routine upward APY drift should not churn the basket, but any meaningful downward move on a current member must trigger requalification so deteriorating exposures are removed promptly. Rating-triggered rebalances are throttled to at most one every 30 days; calendar rebalances always fire and are not throttled.","caps":{"single_name_pct":50,"issuer_pct":100,"floor_pct":2},"version":"1.0.0","doc_url":"https://docs.philidor.io/docs/methodology/baskets/nest-plume"},"constituents":[{"ref_id":"nest-98866-0xe72fe64840f4ef80e3ec73a1c749491b5c938cb9","ref_type":"vault","symbol":"nTBILL","name":"Nest Treasury Vault","issuer":{"id":"protocol-nest","name":"Nest"},"reviewer":null,"weight":0.34966216,"risk_score":7.07,"risk_tier":"Core","methodology_version":"1.0.0","link_chain_id":98866,"link_address":"0xe72fe64840f4ef80e3ec73a1c749491b5c938cb9"},{"ref_id":"nest-98866-0x593ccca4c4bf58b7526a4c164ceef4003c6388db","ref_type":"vault","symbol":"nALPHA","name":"Nest Alpha Vault","issuer":{"id":"protocol-nest","name":"Nest"},"reviewer":null,"weight":0.33277027,"risk_score":6.97,"risk_tier":"Core","methodology_version":"1.0.0","link_chain_id":98866,"link_address":"0x593ccca4c4bf58b7526a4c164ceef4003c6388db"},{"ref_id":"nest-98866-0x11113ff3a60c2450f4b22515cb760417259ee94b","ref_type":"vault","symbol":"nBASIS","name":"Nest Basis Vault","issuer":{"id":"protocol-nest","name":"Nest"},"reviewer":null,"weight":0.31756757,"risk_score":6.88,"risk_tier":"Core","methodology_version":"1.0.0","link_chain_id":98866,"link_address":"0x11113ff3a60c2450f4b22515cb760417259ee94b"}],"analytics":{"hhi":3338.49,"coverage":{"yield_field_pct":1,"duration_field_pct":0,"kyc_gate_field_pct":1,"yield_30d_field_pct":1,"yield_90d_field_pct":0,"audit_firm_field_pct":0,"protocol_age_field_pct":0,"curator_split_field_pct":1,"protocol_split_field_pct":1,"governance_model_field_pct":0,"legal_entity_type_field_pct":0,"regulatory_wrapper_field_pct":0,"protocol_governance_field_pct":0,"curator_jurisdiction_field_pct":0,"regulatory_jurisdiction_field_pct":0,"protocol_bug_bounty_tier_field_pct":0},"chain_split":{"98866":1},"curator_split":{"Nest (protocol-managed)":1},"kyc_gate_split":{"permissionless":1},"protocol_split":{"Nest":1},"audit_firm_split":{"(unknown)":1},"weighted_yield_pct":5.7125,"weighted_risk_score":6.9764,"governance_model_split":{"(unknown)":1},"per_constituent_yields":{"nest-98866-0x11113ff3a60c2450f4b22515cb760417259ee94b":{"d30":3.702,"d90":null,"spot":3.702},"nest-98866-0x593ccca4c4bf58b7526a4c164ceef4003c6388db":{"d30":10.1878,"d90":null,"spot":10.1878},"nest-98866-0xe72fe64840f4ef80e3ec73a1c749491b5c938cb9":{"d30":3.2795,"d90":null,"spot":3.2795}},"weighted_duration_days":null,"weighted_yield_30d_pct":5.7125,"weighted_yield_90d_pct":null,"legal_entity_type_split":{"(unknown)":1},"top_5_concentration_pct":100,"regulatory_wrapper_split":{"(unknown)":1},"protocol_governance_split":{"(unknown)":1},"curator_jurisdiction_split":{"(unknown)":1},"weighted_protocol_age_days":null,"regulatory_jurisdiction_split":{"(unknown)":1},"protocol_bug_bounty_tier_split":{"(unknown)":1}},"support_status":"current","retired_at":null}}