# Nerite (NERI)

> Nerite is a decentralized stablecoin protocol deployed on Arbitrum that issues USDN, an overcollateralized USD-pegged stablecoin. It is a governance-minimized, friendly fork of Liquity V2 with an exclusive code license. Users open collateralized debt positions (Troves) by depositing assets such as WETH, wstETH, rETH, weETH, rsETH, ARB, COMP, or tBTC, and borrow USDN at an interest rate they choose and can adjust at any time. USDN is always redeemable 1:1 for $1.00 worth of underlying collateral. The protocol also features Stability Pools where USDN holders earn sustainable yield from borrower interest, liquidations, and incentives.

## Price Data

- **Current Price**: $0.0006289
- **Market Cap**: N/A
- **Fully Diluted Valuation**: $62.89K
- **Circulating Supply**: N/A
- **Total Supply**: 100.00M NERI

## Price Changes

- **24h**: -0.00%
- **30d**: -0.37%
- **90d**: N/A
- **365d**: N/A

## Chain Availability

Available on: arbitrum

## Resources

- [Website](https://www.nerite.org/)
- [Coingecko](https://www.coingecko.com/en/coins/nerite)
- [Dex.guru](https://dex.guru/token/arbitrum/0xcec3ba7029d54d005275d3510960cfe433811c59)

## Links

- [View on Zerion](https://app.zerion.io/tokens/NERI-02510fe3-3348-417d-aa17-cd6e8f69558f)
- [Trade on Zerion](https://app.zerion.io/tokens/NERI-02510fe3-3348-417d-aa17-cd6e8f69558f)

## Data Source

This data is provided by the **Zerion API**. Developers can access real-time token prices, market data, charts, wallet positions, and DeFi data programmatically.

- API Documentation: https://developers.zerion.io
- Get this token's data via API: https://developers.zerion.io/api-reference/fungibles/get-fungible-asset-by-id
- Price Charts API: https://developers.zerion.io/api-reference/fungibles/get-a-chart-for-a-fungible-asset