Now, users can earn returns from Plume's regulated institutional-level strategy vaults directly on the Ethereum mainnet. Plume's tokenized vault platform, Nest, has launched a strategy vault called Nest Basis (nBASIS), which was issued on Plume, onto Pendle on the Ethereum mainnet. This strategy vault executes a market-neutral yield strategy: 75% of the funds are allocated to crypto basis trading arbitrage, and 25% are invested in U.S. Treasury bonds. The benefit of listing on Pendle is not only that users can participate directly on the Ethereum mainnet, but more importantly, it allows investors with different risk preferences to take advantage of Pendle's yield splitting mechanism: Low-risk preference investors can take PT tokens, locking in a fixed and stable yield. High-risk preference investors can take YT tokens, which offer variable yields—potentially lower or higher. However, the appeal of YT is likely to be higher at the moment, as Plume's tokenized vault platform, Nest, is now issuing points. Holding YT tokens grants PNP points, and the yield from YT should also include this expected airdrop reward. This listing of nBASIS on Pendle is likely a trial run. If the market responds positively, Nest has many more compliant tokenized vault products backed by yield sources from various traditional institutions, and they are expected to bring more of these products to market in the future.