> For the complete documentation index, see [llms.txt](https://beraborrow.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://beraborrow.gitbook.io/docs/nect-stablecoin.md).

# NECT (Stablecoin) 🍯

- [What is Nectar ($NECT)?](https://beraborrow.gitbook.io/docs/nect-stablecoin/what-is-nectar-usdnect.md)
- [Liquid Stability Pool (LSP)](https://beraborrow.gitbook.io/docs/nect-stablecoin/liquid-stability-pool-lsp.md)
- [Redemptions](https://beraborrow.gitbook.io/docs/nect-stablecoin/redemptions.md): Redemptions act as the second line of defense for maintaining NECT’s peg. When NECT trades below $1, the protocol allows users to redeem NECT for a pro-rata share of collateral.
- [$NECT Peg](https://beraborrow.gitbook.io/docs/nect-stablecoin/redemptions/usdnect-peg.md): This page outlines how $NECT achieves price parity with $1
- [sNECT Arbitrage Opportunities](https://beraborrow.gitbook.io/docs/nect-stablecoin/snect-arbitrage-opportunities.md): The following outlines how market makers and sophisticated actors can profit from arbitrage of  $sNECT (shares of the Liquid stability pool).