Nectar: Berachain's stablecoin, incentivizing $NECT use for protocol growth.
Nectar ($NECT), Berachain's stablecoin, aims to be premier by using native collateral assets, benefiting those who drive its demand and reducing sell pressure.
Loading chart...
Analytics
Upcoming events
No upcoming events planned
What is Nectar (NECT)?
Nectar ($NECT), Berachain's first native stablecoin, aims to become the leading option by using a variety of native and other collateral assets. Any LP or protocol increasing demand for $NECT benefits. For example, the Beraborrow protocol uses the liquid stability pool and the $NECT-$HONEY LP pair. Other examples include trading protocols using $NECT as a quote asset or games using it for transactions. New tokens can also pair their initial liquidity with $NECT. This locks up $NECT, reducing sell pressure and allowing Beraborrow to handle more leverage. These incentives scale linearly, providing consistent support to projects using $NECT based on their TVL, without requiring governance or prior approval.
Related coins you may like
Trending coins
Most visited cryptocurrencies
Global prices
Nectar price live information
As of now, Nectar is trading at 0.998411 USD, with a 24-hour trading volume of approximately 0 USD. The NECT to USD price is updated in real time. Over the past 24 hours, Nectar has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 4.71M USD. Currently, there are 4 717 560 NECT in circulation out of a maximum supply of 4 717 560 NECT.
CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.
RESOURCES
Community
Support
© 2023 CMC.IO. All rights reserved