What is Nerite?

Nerite is an advanced DeFi protocol built on the Arbitrum network, serving as an enhanced fork of Liquity v2. It introduces USDN, a new over-collateralized stablecoin pegged to the U.S. dollar, designed to offer superior utility, security, and scalability compared to existing stablecoin models. Nerite enables users to open troves by depositing ETH as collateral and borrowing USDN at zero interest. Unlike traditional lending protocols, Nerite stands out with its immutable architecture and the unique ability for users to set custom interest rates, giving them greater flexibility and control over their borrowing positions. By combining the battle-tested mechanics of Liquity with innovative enhancements, Nerite delivers a stablecoin protocol that prioritizes user autonomy, capital efficiency, and long-term sustainability in the decentralized finance ecosystem.

Liquidity NFT