Nectra

Nectra is a decentralized borrowing protocol allowing users to borrow nUSD (Nectra USD) against Citrea BTC (cBTC). The nUSD token is a soft-pegged USD stablecoin, over-collateralized with cBTC deposits. The Bitcoin collateral supports the floor price of the stablecoin through the ability to redeem nUSD for $ equivalent of cBTC directly. Tags: DeFi Lending Founded: