Beraborrow

Beraborrow aims to unlock instant liquidity against Berachain assets through the first PoL powered stablecoin, Nectar ($NECT).

Borrowing $NECT

On Beraborrow, you can borrow $NECT by depositing a variety of whitelisted assets as collateral. Currently, on testnet, these assets are $BERA, $wBERA, and $iBGT from Infrared.

Using $NECT

After receiving $NECT, you can deposit it into the Stability Pool. Alternatively, you can also redeem your $NECT to get back the collateral you deposited.

On Kodiak, you can deposit your $NECT into the HONEY-NECT Island and stake the LP token to earn KDK, xKDK, and POLLEN, which is Beraborrow's governance token.

Future

As you can see, Beraborrow's testnet isn’t complete yet, but more features are coming soon.

We are sharing this with you already because they plan to introduce a leaderboard for activity on their protocol, which will likely be valuable in the future. That's why, we highly recommend getting started now.

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