Announcing Nerite! 🐌

Introducing Nerite: The friendly Liquity V2 fork for Arbitrum.

Introducing Nerite: The friendly Liquity V2 fork for Arbitrum.

Nerite has the exclusive license from Liquity AG required to deploy the protocol on @Arbitrum. 

 

TL;DR: The USDN stablecoin is issued by the Nerite protocol.

USDN is:

  • Yield-bearing with sustainable sources of yield.

  • Always redeemable for $1.00-worth of assets backing it.

  • Can be borrowed at a custom interest-rate set by borrowers.

  • Is a streamable super-token (via Superfluid integration)

  • Has tradable CDPs

  • Is built natively for Arbitrum

 

Liquity V1 and LUSD have been rated as the #1 safest stablecoin protocol ever by Bluechip because the protocol is immutable and has a redemption mechanism. Arbitrum is rated as the most decentralized Layer-2 network by @l2beat. It’s a match made in heaven. 

 

Liquity V1 was able to achieve over $4.5 Billion USD in TVL from nothing extremely quickly, but it had some issues scaling long term. The Liquity V2 system that Nerite uses improved on the original design by allowing users to choose their own interest rate for borrowing stablecoins, making the stablecoin more sustainably yield bearing, and enabling a more diversified basket of high quality collateral (like rETH and wstETH).

Follow us [@neriteorg](https://x.com/neriteorg) for more information about how Nerite works, its features, and what to expect next. 

 

There is currently no governance token for Nerite. Please be mindful of scams.