Nerite
NERIProject Safety Score: 8%
Updated 3 weeks, 3 days ago& Market
Credibility
Behavioral
Mechanics
Distribution
Nerite is a decentralized stablecoin protocol deployed on Arbitrum that issues USDN, an overcollateralized USD-pegged stablecoin. It is a governance-minimized, friendly fork of Liquity V2 with an exclusive code license. Users open collateralized debt positions (Troves) by depositing assets such as WETH, wstETH, rETH, weETH, rsETH, ARB, COMP, or tBTC, and borrow USDN at an interest rate they choose and can adjust at any time. USDN is always redeemable 1:1 for $1.00 worth of underlying collateral. The protocol also features Stability Pools where USDN holders earn sustainable yield from borrower interest, liquidations, and incentives.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
