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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% | +0.30% | -4.95% | -19.75% | 235,634.79 |