A decentralized borrowing protocol on Berachain that turns your crypto holdings into instant, interest-bearing NECT stablecoin liquidity — without giving up custody of your assets.
Open AppYour collateral sits in audited smart contracts. No company holds it. Compare this to centralised lenders that have faced insolvency — the BeraBorrow protocol cannot "run" on your funds.
Some dens charge 0 % annual interest on NECT debt — a structure inspired by early MakerDAO designs. Others carry single-digit rates even for volatile LP collateral.
Deposit NECT into the Stability Pool and earn liquidation gains plus protocol rewards. APYs listed in the app have exceeded 48 % on certain Kodiak LP dens — well above typical money-market rates.
Every MCR, CCR, and TCR value is visible on-chain. Nothing is hidden behind a credit-scoring model. Read the team's approach to risk management on the About page.
Over a dozen asset types accepted, including Kodiak LP tokens (WBTC-WBERA, WETH-wBERA, weETH-wETH), single assets like WBTC and WETH, and stablecoins such as sUSDe and drUSD.
NECT is the protocol's native USD-pegged token. It uses over-collateralization and a redemption mechanism — conceptually similar to ERC-20 token economics — to stay near $1.
NECT holders can stake in the pool to absorb liquidations and earn discounted collateral. It is the first line of defense when dens become under-collateralised.
When system-wide TCR drops below a safe level, Recovery Mode activates. It prevents new risky borrows and incentivises repayment — protecting every open position, not just the weakest ones.
Pollen is the governance and fee-sharing token. Stake it to receive a share of protocol revenue — a direct financial link between long-term holders and the health of BeraBorrow's treasury.
The Vaults section wraps yield strategies so rewards are reinvested automatically. No manual harvesting, no missed compounding windows.
The built-in Swap module routes trades to the best available liquidity on Berachain — useful when you need to acquire collateral or exit NECT positions in one transaction.
BeraBorrow is a decentralized borrowing protocol built on Berachain. It lets users deposit native assets as collateral inside "dens" and receive NECT, a USD-pegged stablecoin, in return. Think of it as a self-service credit line backed entirely by on-chain rules rather than a bank's discretion.
Connect a compatible Web3 wallet, choose a collateral type from the Borrow page, deposit your assets into a den, and mint NECT against them. The minimum collateral ratio depends on the asset — 105 % for stable collateral, up to 150 % for volatile LP tokens.
BeraBorrow's smart contracts have undergone third-party security audits. The protocol enforces on-chain collateral ratios and supports Recovery Mode, which activates automatically when system-wide collateral health falls below a defined threshold. No admin can override these rules.
NECT is the native stablecoin of BeraBorrow, soft-pegged to 1 USD. Its peg is maintained through over-collateralization requirements, a Stability Pool, and redemption mechanics — an approach similar to those pioneered by MakerDAO but adapted for Berachain's asset ecosystem.
Yes. Deposit NECT into the Stability Pool to earn liquidation rewards and protocol incentives. APYs vary by pool and market conditions. You can also pair NECT with other stables in Kodiak LP positions, then use those LP tokens as collateral for another borrow — compounding your exposure. Check the Q&A page for a deeper walkthrough.
BeraBorrow is non-custodial: your collateral sits in audited smart contracts, not a company's balance sheet. There are no KYC requirements, no withdrawal limits, and interest rates are set by governance parameters rather than a credit committee. Honestly, that alone is worth the learning curve for most DeFi users.
If a den's collateral ratio falls below the MCR for that asset, it becomes eligible for liquidation. The Stability Pool absorbs the debt, and liquidators receive a portion of the collateral as a bonus. Keeping a buffer well above the MCR — especially for volatile assets — is standard practice. Visit the About page to understand how the team approaches protocol-level risk.