Nectar NECTPrice $ 1.00020

Nectar ($NECT) is Berachain's first natively backed stablecoin. Aim is to solidify $NECT as the premier stablecoin on Berachain, utilising a diverse array of native collateral assets with additional assets.

The main benefactor is any LP or protocol that drives demand for $NECT. In regard to the Beraborrow protocol itself, this is already achieved through the liquid stability pool and the early bootstrapping of the $NECT-$HONEY LP pair. It could also be a trading protocol using $NECT as a quote asset, a game using $NECT to be able to perform transactions, or simply a new token launching, pairing its initial liquidity with NECT.

This means that $NECT is being locked up or pooled up temporarily, ultimately reducing sell pressure, meaning beraborrow can handle more leverage. These incentives also scale linearly, meaning protocols or projects using $NECT can rely on a consistent flow of incentives that grows as they do. This helps projects entering the space as they can benefit from pairing with $NECT without any governance or prior approval -all based on TVL they lock in.