Skip to main content

Summerstone partners with Nerite

· 2 min read
Summerstone Team
Summerstone Team

As part of our wider commitment to the Liquity ecosystem, Summerstone is partnering with Nerite to make the future of borrowing a reality on Arbitrum One.​


Nerite & USND, built specifically for Arbitrum​

Nerite is a Liquity V2-based borrowing protocol. It inherits the protocol’s immutability while letting users mint USND, Nerite’s native USD-pegged stablecoin.

In Nerite, borrowers can establish their own interest rates, according to what they are willing to pay without relying on governance or a protocol-set algorithm rates.

Nerite expands Liquity’s model​

→ Broader collateral: In addition to ETH, wstETH, and rETH, Nerite accepts rsETH, weETH, ARB, COMP, and tBTC.

→ Streamable stablecoin: USND, is issued as a Superfluid super token, allowing value to flow continuously rather than by discrete transfers.

→ Lower entry: Minimum debt per borrow on Nerite is 500 USND, one quarter the Liquity V2 baseline, opening the door to smaller positions.


Powering market operations for Nerite​

Market operations becomes increasingly important to guarantee the stability of USD-pegged tokens, especially when backed by diverse sets of liquid staking derivatives and non ETH assets.

Summerstone will continuously map Nerite’s market conditions. Powered by real time data, Summerstone’s interest rate solvers and liquidation engine are prepared to trigger interest rate adjustments and precise liquidations across every supported collateral, adapting to each specific liquidity profile and volatility.

As with Liquity V2, Nerite borrowers will be able to delegate their rate management to Summerstone.

How this benefits users​

→ Reliable rates. Interest bands tuned for market depth rather than rough averages with reliable data.

→ Predictable peg behaviour, creating the basis for a sustainable market.

→ Trusted Manager. Users can delegate rate management to a long-standing, reputable member of the Liquity and Nerite ecosystems.


Get Started​

Nerite opens the door to user-set interest rates on Arbitrum. Summerstone supplies rate engineering, and data monitoring. By working side-by-side, we aim to set a new standard for self-custodial borrowing on Arbiturm.

Get started on nerite.org

To get in touch, reach out to us at [email protected].