What is Beraborrow?

Beraborrow unlocks instant liquidity against Berachain assets through the first PoL powered stablecoin, Nectar ($NECT). Built with simplicity and flexibility at its core, Beraborrow is designed to maximise opportunities for users without forcing them to sacrifice yield. The protocol enables users to deposit collateral assets into Dens, which mint our over-collateralised stablecoin, $NECT. $NECT can then be used throughout the Berachain DeFi ecosystem, unlocking further opportunities whilst maintaining exposure to the original assets. Initially built around iBGT the protocol has since evolved into a multi-collateral platform. Offering support for Bera native tokens, liquid staking derivatives, or LP positions, as collateral to mint $NECT. Beraborrow enables users to retain price exposure to their assets while unlocking liquidity. The Beraborrow protocol makes use of Proof of Liquidity (PoL) to supercharge key features and to boostrap liquidity, enabling users to gain leverage to the collateral asset while boosting the yield it generates. Nectar ($NECT) is the first stablecoin fully collateralised by Berachain native assets, offering users a composable way to participate in the ecosystem without selling, all while benefiting from the unique advantages that PoL offers. You can think of $NECT as a stable, liquid-staked version of iBGT . This is made possible through the use of Infrared's iBGT as a collateral asset, enabling the creation of flywheels that capture PoL emissions and convert them back into $NECT. This means users can collateralise any asset, mint $NECT earn PoL emissions, maximising both liquidity and yield within the Berachain ecosystem.

Consider Beraborrow as a foundational building block for the Berachain. Our ambition is to develop a comprehensive suite of essential products that fuel growth for Berachain, starting with the core need for a Native CDP platform.