Plume has launched its institutional-grade strategy vault, Nest Basis (nBASIS), on the Ethereum mainnet through Pendle. This vault employs a market-neutral strategy, allocating 75% of funds to cryptocurrency basis arbitrage and 25% to U.S. Treasury bonds. The integration with Pendle allows users to participate directly on Ethereum and offers yield splitting to cater to different risk appetites. Low-risk investors can secure fixed returns with PT, while high-risk investors can opt for YT, which offers variable returns and potential additional rewards through PNP points. This launch serves as a trial, with potential for more tokenized vault products from traditional institutions to follow if successful.