Nectar (NECT) stablecoin analytics
NECT is Beraborrow's Liquity v2-style overcollateralized stablecoin on Berachain, minted against iBGT, WBERA, BTC/ETH variants, and Kodiak Island LPs.
Static Profile
Static stablecoin profile
Nectar (NECT) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Jun 3, 2026
Liquity v2-style CDP stablecoin on Berachain backed by an exotic collateral zoo (iBGT, WBERA, BTC/ETH derivatives, LP tokens); sub-million supply and razor-thin liquidity stop the redemption mechanism from doing its job. BeraBorrow's NECT runs Liquity-v2 CDP mechanics on...
AI summary · drafted by claude-opus-4-8 · reviewed by @TokenBrice on Jun 3, 2026 · facts as of Jun 3, 2026
- Collateral
- Berachain-native Collateral Vault branches: iBGT (Infrared liquid staked BGT), iBERA, WBERA, pumpBTC, solvBTC, solvBTC.bbn, uniBTC, beraETH, Stakestone ETH, WETH, ylstETH, rsETH, and Kodiak Island LP pairs (WBTC-HONEY, WETH-HONEY, WETH-WBTC)
- Peg Mechanism
- Overcollateralized CDP with redemption for collateral at $1 face value (Liquity-style); operates on Berachain (not Ethereum or a Stage 1 L2)
- Jurisdiction
- Croatia
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Berachain.
Snippet Answer
Is NECT safe?
Pharos does not mark NECT as absolutely safe. Static metadata says Nectar uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety nect-beraborrow
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Jun 3, 2026.
NECT quick answers
What is Nectar (NECT)?
NECT is Beraborrow's Liquity v2-style overcollateralized stablecoin on Berachain, minted against iBGT, WBERA, BTC/ETH variants, and Kodiak Island LPs. The static profile records its US Dollar peg mechanism as: Overcollateralized CDP with redemption for collateral at $1 face value (Liquity-style); operates on Berachain (not Ethereum or a Stage 1 L2)
What backs NECT?
Pharos classifies NECT backing as Crypto-Collateralized. Collateral, per the static profile: Berachain-native Collateral Vault branches: iBGT (Infrared liquid staked BGT), iBERA, WBERA, pumpBTC, solvBTC, solvBTC.bbn, uniBTC, beraETH, Stakestone ETH, WETH, ylstETH, rsETH, and Kodiak Island LP pairs (WBTC-HONEY, WETH-HONEY... Reserve evidence: live reserve feed configured.
Can NECT be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for NECT, when applicable, appear in the dossier below.