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Nectar NECT
NECT
0.9994
$
0.02 %
Change 24h
Market Cap
$ 4,714,671
Volume 24h
$ 1,069,479
Circulating Supply
4,717,560
Total Supply
4,717,560
NECT
$
Description
Nectar (NECT) is an over-collateralised, Berachain native stablecoin issued through the Beraborrow protocol. At any time NECT can be redeemed against the underlying collateral at face value. To borrow, you must open a Den and deposit an approved Berachain asset as collateral.
Beraborrow is a leading Berachain native CDP protocol. Unlike traditional CDP platforms, the Beraborrow protocol is powered by Proof-of-Liquidty (PoL), aligning incentives with borrowers and the Berachain ecosystem.