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NECT profile facts

Nectar (NECT) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.

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.

Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.

NECT quick answers

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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).

Is NECT safe?

As of Oct 24, 2026, Pharos grades NECT F (32/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and any holder can use its reviewed redemption route. That is a low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.

What backs NECT?

Pharos records NECT's reserves as of Sep 21, 2026 as 34.5% WETH, 32.5% WETH-WBTC Kodiak Island, 6.4% WETH-HONEY Kodiak Island, and 10 smaller holdings. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Crypto-Collateralized.

Can NECT be frozen or blacklisted?

Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.

How do you redeem NECT?

Under the route Pharos reviewed on Mar 23, 2026, any holder can redeem NECT for blue-chip crypto collateral. Redemption settles atomically on-chain. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.