Top Coins
#
Coin
Price
24h
Market Cap
Volume
7 day trend
Actions
Nectar (NECT)
Unverified
Loading...
Loading...
About NECT
Nectar ($NECT) is an over-collateralized stablecoin native to the Berachain ecosystem, issued through the Beraborrow protocol. Designed to maintain a stable value, $NECT can be minted by opening a 'Den' in the Beraborrow protocol and depositing approved Berachain assets as collateral. This process allows users to unlock liquidity against their assets without selling them, facilitating participation in decentralized finance (DeFi) activities within the ecosystem. $NECT can be redeemed against its underlying collateral at face value, providing a reliable medium of exchange for users seeking stability and flexibility in their financial interactions.
Convert Fiat to Nectar
Fact Sheet
- Website
News
Loading...Frequently Asked Questions about Nectar
What is Nectar ($NECT)?
Nectar ($NECT) is an over-collateralized stablecoin native to the Berachain ecosystem, issued through the Beraborrow protocol. It is designed to maintain a stable value and can be redeemed against its underlying collateral at face value.
What is Beraborrow?
Beraborrow is a platform that provides instant liquidity and borrowing solutions powered by $NECT, allowing users to leverage their assets effectively.
How can I mint $NECT?
To mint $NECT, you need to open a 'Den' in the Beraborrow protocol and deposit approved Berachain assets as collateral. This process allows you to borrow $NECT against your collateral.
