7D price · CoinGecko market data.
| Exchange | Pair | 24h Volume | Spread | Trust | |
|---|---|---|---|---|---|
| Kodiak V3 | POLLEN/0X6969…96969 |
| $9.23 |
| 0.79% |
| TRADE |
| Kodiak V3 | 0X1CE0…C79D3/POLLEN | $8.73 | 0.63% | TRADE |
Top 2 exchanges by 24h trading volume. Block Insider earns affiliate commission from some exchanges listed here. Placement does not affect editorial.
Beraborrow unlocks instant liquidity against Berachain assets through the first PoL powered stablecoin, Nectar ($NECT). Built with simplicity and flexibility at its core, Beraborrow is designed to maximise opportunities for users without forcing them to sacrifice yield.
The protocol enables users to deposit collateral assets into Dens, which mint our over-collateralised stablecoin, $NECT. $NECT can then be used throughout the Berachain DeFi ecosystem, unlocking further opportunities whilst maintaining exposure to the original assets.
Initially built around $iBGT, the protocol has since evolved into a multi-collateral platform. Offering support for Bera native tokens, liquid staking derivatives, or LP positions, as collateral to mint $NECT. Beraborrow enables users to retain price exposure to their assets while unlocking liquidity.
The protocol makes use of Proof of Liquidity (PoL) to supercharge key features and to bootstrap liquidity, enabling users to gain leverage to the collateral asset while boosting the yield it generates. Nectar ($NECT) is the first stablecoin fully collateralised by Berachain native assets, offering users a composable way to participate in the ecosystem without selling, all while benefiting from the unique advantages that PoL offers.
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