Nectar(NECT)
Market Cap$411,472
Price$0.94
Total Circulating437,415
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 RedemptionUsers 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
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | +0.01% | +1.98% | -15.56% | 437,415 |