The Nerite protocol is now live. Borrow, Stream, and Earn with $USND. Arbitrum Everywhere.

Nerite issues $USND, the world’s first streamable, redeemable stablecoin. Learn more about our launch's Liquidity Incentives campaign and future plans here:

Nerite is fully backed and over collateralized by 8 different assets. Mint USND by borrowing against: - ETH - wstETH (Wrapped Lido ETH) - rETH (Rocket Pool ETH) - tBTC (Threshold BTC) - rsETH (Kelp ETH) - weETH (Etherfi ETH) - ARB (Arbitrum) - COMP (Compound)

USND can be used across DeFi on Arbitrum, with many more integrations in the works. It is currently available on @bunni_xyz and @CamelotDEX, our DEX launch partners.

Get fixed rate, time based loans with USND with @useteller now.

Optionally Rehypothecate USDC from the our USDC / USND pool on Bunni for extra yield with @GearboxProtocol vaults.

Start streams using the @Superfluid_HQ app to pay grants, subscriptions, payroll, and more natively. Also earn SUP tokens from Superfluid Community rewards!

Our Bitcoin launch partner is @TheTNetwork: Borrow against Threshold’s native tokenized Bitcoin (tBTC) with Nerite now.

Nerite also uses @Api3DAO for oracles. Bots pay to update oracle prices and compete to process liquidations, earning Stability Pool USND depositors more yield.

Position managers, like @summerstonexyz, manage the interest rate for your loans on Nerite to potentially save on interest fees and prevent redemptions. More of these are coming soon (days).

Nerite uses @AragonProject's module governance system for directing 25% of protocol revenue, future grants programs, and more soon.

Our Security Scanning launch partner is @octane_security. In addition to multiple audits, we used Octane for automated offensive security built into our CI pipeline to scan our codebase and summarize every PR.

Many more integrations are coming to Nerite soon. Want to build something with us? Let us know!

Thank you to everyone who made this launch possible. We are so grateful for the support of so many people. The launch of $USND is just the beginning. Go Slow.

Nerite is also governance minimized, and only very limited settings can be updated in the future, like debt limits. NERI is the future governance token for the Nerite protocol. It's used for directing a portion of protocol revenue, updating debt limits, and stewarding Nerite.

NERI is not currently live or available anywhere. Please be mindful of scams. This is the final post in the thread.