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$USDN: Redeemable. Streamable. Unstoppable.

Immutable friendly-fork of Liquity V2 built for Arbitrum. Launching in Q4, 2024.

0.00% APRMinimum interest rate
$0TVL
0Vaults Opened

Features

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Redeemable & Stable

1 $USDN stablecoin can always be redeemed for at least $1 in Arbitrum-ETH from which ever Trove has the lowest interest rate.

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Scalable & Open

Anyone can open a trove, set a custom interest rate, and borrow any amount of the $USDN stablecoin. The Nerite Protocol can meet any demand for $USDN.

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Secure & Immutable

Nerite Protocol is a friendly fork of Liquity V2, which has gone through several audits. The protocol is immutable so its rules can never be changed.

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Overview

Nerite issues USDN: a new CDP over-collateralized stablecoin pegged to $1.000 with unique traits that make it more useful, safe, and scalable than other stablecoins.

  • 1 USDN is always redeemable by anyone for $1 worth of ETH.
  • USDN is minted when users borrow it against assets like ETH, rETH, wstETH.
  • Users choose what interest rate to pay on their loans.
  • USDN holders earn sustainable yield from the interest rate borrowers pay, liquidations, and incentives.
  • USDN CDP vaults are also standardized tradable NFTs, so borrowers can sell a loan instead of closing it at any time.
  • USDN is a native streamable “super-token”. Holders can stream tokens to anyone over any period of time, making it ideal for subscriptions and other kinds of payments.
  • Nerite has no governance, as a safety feature, so the rules can not change and new collaterals can not be added.
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Recent News & Blogs

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Introducing Nerite

USDN Launch Announcement: Nerite is a friendly fork of Liquity V2 for Arbitrum with unique features.

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Nerite Tokenomics

Exploration of token design, incentive systems, and protocol architecture.

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Nerite Lite Paper

Non-Technical overview of the Nerite Protocol and its road map.

Testimonials

DeFi loves Nerite

Nerite brings all of the functionality of Liquity V2 to Arbitrum in the most native way possible.

Michael Svoboda - CEO, Liquity AG

Superfluid is modernizing our understanding of what payments can be in a digital-first world. Nerite is making that concept more concrete through the first ever natively streamable stablecoin.

Zhicheng Miao - CTO, Superfluid

Bold forkanomics are critical to the protocol cross chain strategy, and Nerite will be a key relay the Collective harnesses to expand BOLD's presence on Arbitrum.

Token Brice - Connaisseur, DeFi Collective