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.
What is the highest value Nerite (NERI) has ever reached?
Nerite (NERI) reached its peak price at 0.001872 $ on 03 April 2026, approximately a month ago ago. Presently, the current price is -54.11% lower than this all-time high.
What is the historical minimum price for Nerite (NERI)?
The minimum price reached for Nerite (NERI) was 0.0008103 $, documented on 12 May 2026, more than a day ago. In comparison, the current price is 6.05%, it above this historical low.
What is the fully diluted valuation of Nerite (NERI)?
The fully diluted valuation (FDV) of Nerite (NERI) stands at $ 98,432. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 100,000,000 NERI tokens. The realization of this FDV might take several years depending on the emission schedule of NERI tokens.