Nerite
@NeriteOrg
Redeemable & Streamable stablecoins. Borrow our yield-bearing USND stablecoin at an interest rate you choose yourself. Built for @Arbitrum. Go Slow.
The Nerite protocol is now live. Borrow, Stream, and Earn with $USND. Arbitrum Everywhere.
Strong start for @NeriteOrg just days after launch. Mint $USND, Arbitrum’s native stablecoin, using: - ETH, wstETH and rETH - weETH by @EtherFi - rsETH by @KelpDAO - ARB & COMP - tBTC by @tBTC_project Then boost your rewards by LPing on @CamelotDEX - earn incentives +…
USND is backed by ETH, LSTs, ARB, COMP, and tBTC. The collaterals backing USND and their required Loan-to-Values (LTV) are completely immutable and can never be updated. Only the debt limit for each can be updated, and only under certain circumstances.
If you build cool stuff on top of Nerite I will put it directly into our app and use it myself.
Interest Rate Delegation is now live! Give our partner @summerstonexyz the authority to update the interest rate you pay to borrow on Nerite to save money, prevent redemptions, and optimize your debt. That's smart debt.
Interest Rate Delegation is now live! Give our partner @summerstonexyz the authority to update the interest rate you pay to borrow on Nerite to save money, prevent redemptions, and optimize your debt. That's smart debt.
Borrow USND, but managed✨ Pick Summerstone rate management directly from the @NeriteOrg frontend. Keep your interest low and avoid redemption risks.
Nerite @Dune dashboard is now live: dune.com/niftyteam/neri… What else should we add to it? We love your feedback. Go slow.
A stablecoin that streams? @NeriteOrg’s $USND is the world’s first natively streamable, redeemable stablecoin Truly built for the internet financial system
New snail, who dis? Nerite is snail themed because our motto is "Go Slow." By going slow we make less mistakes, continually compound yield, and succeed long term together. Arbitrum everywhere.
$1.00 USND after 1 week of stability. Looking pretty good. While these still volatility you can make a decent amount of yield selling high and buying low. total supply is totally wrong, dont look at that.
FYI: If you are trading perps onchain, the funding rate is so high if you are long right now, that you are better off getting leverage from CDPs like Nerite or our friends at @felixprotocol. Hyperliquid.
The funding rate paid to Long ETH on Hyperliquid is currently 73% APY But you can pay as little as 0.5% on Nerite to borrow USND against ETH, and use it to buy more ETH. Same exposure on a $10k, 3x position, including slippage, for about 1/50th the cost.
USND on @CamelotDEX is earning 120% APY with our booested USDC incentives, a week after launch. The rewards are really good right now!
ARB is up 20% since we launched @NeriteOrg, which let's you borrow USND stablecoins against it at a minimum 0.5% interest. If you had borrowed USND, and then bought more ARB you would be up even more bigly
It's time to get BOLD on Arbitrum! As part of our push to grow both @LiquityProtocol and Nerite, we are adding $10,000 USDC of liquidity incentives to a USND<>BOLD pool on Bunni, starting right now. Even more incentives are coming soon. Learn more in the post below 👇🔗:
Higher
There's now over $1M liquidity in all USND pools (combined, including USDC, BOLD, and ETH)
Forkonomics July continues with BOLD <> USND on @arbitrum 🔥 @NeriteProtocol has allocated 1.25 % of all $NERI for USND‑BOLD LPs & 2.75 % of all NERI for $BOLD users on Mainnet. You can now bridge to Arbitrum and LP USND/BOLD on @BunniFinance to earn $10K USDC over the next…