Stablecoin information
Nectar (NECT) is Berachain's first natively backed stablecoin, minted through the Beraborrow CDP protocol and redeemable 1:1 against its underlying collateral.
Category:crypto-backed
Minting and Redemption
Users mint NECT by opening a Den and depositing approved Berachain assets as collateral. NECT can be redeemed at any time for the underlying collateral at face value.
Audits:No
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | <0.0001% | -5.33% | -16.25% | 247,919.14 |