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
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | <0.0001% | -3.29% | -4.36% | 340,155.19 |