Ask about Nerite
Logo of NeriteNerite(NERI)
Total Value Locked$83,485.41

TVL by Chain

Arbitrum$83,485.41

Key Metrics

Fees (Annualized)$28,787.51
Fees 30d$181.51

Arbitrum$181.51

Fees 7d$108.87

Arbitrum$108.87

Fees 24h$2.61

Arbitrum$2.61

Cumulative Fees$31,924.12

Arbitrum$31,924.12

Revenue (30d Run Rate)$0
Revenue 30d$0

Arbitrum$0

Revenue 7d$0

Arbitrum$0

Revenue 24h$0

Arbitrum$0

Cumulative Revenue$0

Arbitrum$0

Protocol Information

USND is an over-collateralized, governance-minimized stablecoin native to Arbitrum and fully backed by crypto collateral. USND also supports token streaming via Superfluid to enable real-time yield distribution.

Category:CDP

WebsiteGitHubTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Total interest, redemption fees paid by borrowers and liquidation profitView code on GitHubRevenue: Share of borrow interest to protocol if anyView code on GitHub

Competitors

Reservoir Protocol ($32.93m)Overnight Finance ($10.02m)Abracadabra Spell ($4.03m)QiDao ($2.47m)Angle ($1.95m)Gravita Protocol ($305,426.61)Preon Finance ($196,635.7)Savvy ($141,300.93)xDollar ($95,744.13)Yama Finance ($80,095.28)

Frequently Asked Questions

What is Nerite?

USND is an over-collateralized, governance-minimized stablecoin native to Arbitrum and fully backed by crypto collateral. USND also supports token streaming via Superfluid to enable real-time yield distribution.

What is Nerite's TVL?

Nerite currently has $83,485.41 in total value locked. TVL has decreased 6.5% over the past 30 days.

What chains does Nerite operate on?

Nerite operates on Arbitrum. Arbitrum holds the largest share at 100%.

How much has Nerite generated in fees and revenue?

Over the past 30 days, Nerite generated $181.51 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $28,787.51 in fees.

How does Nerite's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, Nerite ranks #82 by TVL. The category holds $7.898b across 190 protocols, and Nerite accounts for <0.1% of that total. Other leading protocols include Sky, USDD, and Lista DAO.