---
title: "Nectar (NECT) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/nect-beraborrow/"
description: "Build-time stablecoin profile for Nectar (NECT). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-06-03"
---



# Nectar (NECT)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

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 {{term:cdp}}CDP{{/term}} mechanics on Berachain's exotic collateral zoo — 40% iBGT, 25% WBERA, plus wrapped BTC variants, ETH derivatives, and Kodiak LP tokens, all classified high-risk on an unproven chain. The D overall grade is earned, not harsh: NECT has logged hundreds of brief sub-peg blips with a worst deviation past 750 bps, it is sitting in an active depeg right now, and it spends most of its time on the cautionary half of the stress scale rather than the calm end. With a sub-million circulating supply and thin DEX liquidity, the coin is barely above the threshold where the CDP {{term:redemption}}redemption{{/term}} mechanism can function as designed — you need arbitrageurs to show up, and the economics don't justify it at this scale. The collateral-redemption backstop and {{term:overcollateralization}}overcollateralization{{/term}} buffer remain structurally sound on paper, but sound mechanisms need liquid markets to express themselves.

## 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

| Country | Regulator | License |
| --- | --- | --- |
| Croatia | N/A | N/A |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| berachain | `0x1ce0a25d13ce4d52071ae7e02cf1f6606f4c79d3` | 18 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/nect-beraborrow.