what's nerite?
Nerite is a decentralized borrowing protocol built on Arbitrum that offers USND, a Liquity-style stablecoin fully backed by various crypto assets. The protocol features native streaming capabilities through Superfluid integration, allowing users to borrow against multiple collateral types including ETH, tBTC, and ARB. Notable for being self-funded without VC backing, Nerite emphasizes sustainable development and has gained recognition from both Ethereum and Arbitrum.
nerite received a security audit from @0xSimao, specializing in complex math-based protocols.
contract
arbitrum-one
Will be one of the first users of Balancer's new permissionless Liquidity Bootstrapping Pool (LBP) system.
Protocol receives security audit from auditor @0xSimao, who specializes in complex math-based protocols including Superfluid.
Deploying to Arbitrum blockchain soon.
Marshall Islands government legally recognizes DAO governance contract address and token contract address through MIDAODS. Project operates solely with token holders without separate foundation, labs company, or equity structure.
yUSND and Nerite's yearn vault remain unaffected by the yETH exploit.
Project achieves $7.5m TVL in self-funded launch with community support, and security audit work identifies vulnerability that saves Liquity V2 protocol.
Collaborates with Superfluid to enable $40k+ monthly funding for Arbitrum developers on Farcaster platform.
25 USND bounty announced for integrating common actions (SP deposit, borrow, payback) with Zapper DeFi platform.
Partners with Enzyme Onyx to launch tBTC yield product on Arbitrum, providing tBTC holders yield generation through native USND stablecoin and lending protocol.
Average borrower collateralization ratio stands at 172% following increased collateral deposits since October 10.
USND borrowing available at 0.5% interest rate.
NeriteOrg is one of 12 eligible campaigns in Season 4 voting for 25M SUP token distribution.
SuperBoring_xyz platform now supports DCA streaming functionality for USND and ETH, enabling users to linearly dollar-cost-average positions with constant money streaming.
16% yield available for BOLD/USDC/USND liquidity provision on Balancer (Arbitrum), with Nerite shells distributed as additional incentives.
Platform listed as one of the key stablecoin projects in Arbitrum S2 Create-to-Earn campaign, with 700K $ARB allocated to reward top 150 creators producing content about featured ecosystem projects through December 31, 2025.
TVL grows to $7.1M from $5M reported in September, with circulating USND stablecoin supply at $2.44M and stability pools averaging 5.45% APR.
rETH stability pool currently generates over 700% APY from ongoing rETH liquidations on the platform.
Protocol participates in BOLD fork rewards program as one of 9 venues, allocating a percentage of token supply to dedicated BOLD liquidity providers across chains alongside Felix Protocol, Asymmetry Finance, and BeraBorow.
Partnership announced with SuperBoring_xyz, a streaming DCA application, with both platforms building on shared infrastructure rails.
Entity formation completed with Marshall Islands government recognition of token and DAO contract addresses, utilizing MIDA ODS structure for token-only ownership without equity holders.
The protocol currently holds $5M in total value locked (TVL) and ranks 5th among Arbitrum exclusive DeFi protocols according to DeFiLlama data.
USND borrowing rate confirmed at 0.5% against ETH/tBTC collateral, with Balancer integration enabling 1:1 USDC swaps and OstiumLabs partnership for gold trading strategies.
Protocol confirmed as one of 15+ projects providing airdrops to Liquity V2 users, currently limited to 1,000 participants.
Native tokens automatically distributed to all existing users' wallets on Arbitrum, eliminating claim requirements.
Adopts 25% revenue stream allocation and debt limit management as token utilities; implements multi-collateral system and debt limit system via friendly fork.
Native tBTC can now be minted on Arbitrum through TheTNetwork integration for direct borrowing against Bitcoin, enabling seamless BTC-backed loans.
Active liquidity pools show full utilization within hours while enabling 75% APY through multi-protocol strategy combining USND borrowing, Bunni swaps, and zkp2p offramps.
Outperforms $140M VC-backed competitor by 8.75x in daily revenue without any venture capital backing.
New liquidity pools deploy on Bunni, Honeypop, Curve, and Pharaoh Exchange across four chains with Chainlink CCIP integration.
rETH deposits earn 2.4% APY while USND can be borrowed at 1% interest rate
New stability pool reward structure revealed: 75% borrowing fees, 100% liquidation fees, plus daily SUP rewards.
Project gains recognition alongside Robinhood and Talos as leading Arbitrum ecosystem builder.
Project receives official recognition from Ethereum foundation as unique ecosystem application.
New streaming payment feature allows continuous USND transfers through single Arbitrum transaction.
USDN stability pool deposits now earn SUP token rewards in newly launched campaign.
ONYX-INIT LP rewards distribution scheduled for tomorrow.
Risk Alert: Suspicious activity involving unauthorized requests for USND transfers.
USND stablecoin now mintable with 7 collateral types including ETH derivatives and ARB; new liquidity mining program live on CamelotDEX.
ETH collateral now supports USND borrowing up to $1M with 0.5% minimum interest.
Protocol becomes largest Arbitrum native CDP within 36 hours of launch.
Active bridging to Arbitrum observed as users prepare for imminent launch.
Stablecoin pair on Bunni platform offers 169.40% APY with USDC rewards for USND liquidity providers.
Revenue split established: 75% to stablecoin holders, 25% controlled by NERI governance token holders for LP rewards, grants, and buybacks.
Partnership with Superfluid enables native streamable stablecoins with linear compounding interest features.
Protocol integrates with Threshold's tBTC, enabling borrowing and yield generation for Bitcoin holders.
Protocol announces expansion to Arbitrum network, bringing existing integrations to Layer 2.
Protocol offers net-positive yield opportunity through ETH leverage, enabled by zero capital costs for stablecoin minting.
Complete compatibility with existing Liquity infrastructure enables immediate integration of all Liquity-built applications.
Protocol confirms independent funding structure with no external investors or paid market makers, emphasizing organic growth approach.
Euler integration development initiated with matched rewards for implementing stablecoin redemptions and stability pool features.
Launch confirmed on Arbitrum with $171M initial debt limit and 2x weekly increase cap.
tBTC bridged to Arbitrum surpasses $13M as launch preparations accelerate.
Protocol launch anticipated in the immediate future, positioned alongside major DeFi protocol releases including K3 Capital and Yearn Finance launches.
New borrowing feature launching on Nerite to allow tBTC collateral for USND loans within days.
New integration stack expands to include Bunni xyz for rehypothecated liquidity, Privacy pools for privacy features, and Arbitrum DAO for governance.
Strategic focus shifts to zkp2p integration for P2P ramps, rejecting traditional CEX listing approach.
New Liquity fork offers integration capability with specific major DeFi protocols including Yearn Finance and Summerstone.
Protocol operates with zero admin functions and no special permissions, with governance limited to debt limits, NFT URI updates, and 25% revenue direction.
New oracle system implements composite asset pricing to prevent value leakage during stablecoin redemptions through Api3DAO integration.
First-ever natively streamable stablecoin eliminates wrapping requirements, enabling direct integration with DeFi protocols and payment systems.
New Liquity V2 fork prepares for imminent launch on Arbitrum network.
New stablecoin offers up to 24% yield with per-second payments and automated loan repayment streaming.
First natively streamable stablecoin launching on Arbitrum with multi-collateral lending and early participant incentives.
Upcoming launch introduces yield streaming, annuities, and debt trading mechanisms with hybrid gauge/delegate DAO governance.
New lending protocol launches on Arbitrum in April with immutable contracts and Superfluid integration, supporting ETH, LSTs, and ARB as collateral.
New lending protocol launches on Arbitrum in April with immutable contracts and Superfluid integration, enabling USDN borrowing against ETH, LSTs, LRTs, and ARB.
Referenced as being "for the people", no specific metrics or dates provided.