Nectar
NECT Rank #1777Price chart
What is Nectar?
Overview
Nectar is a USD stablecoin designed for the Berachain ecosystem. Users can mint NECT by opening a Den—a collateralized debt position—and depositing approved Berachain assets as backing. The token is redeemable at face value against its underlying collateral at any time.
How it works
NECT operates on Berachain through the Beraborrow protocol, which uses a Proof-of-Liquidity mechanism to align incentives between borrowers and the broader ecosystem. Users deposit collateral to mint NECT, with the stablecoin remaining over-collateralized throughout its lifecycle.
Peg and backing
The $1 USD peg is maintained through over-collateralization: each NECT issued is backed by approved Berachain assets held in user Dens. Redemption rights ensure NECT holders can claim underlying collateral at face value, anchoring the peg mechanically.
Where to trade NECT
2 exchanges · top 10
Live spot quotes from connected exchanges
NECT funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.