About Nectar

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.