We are proud to support Nerite, a decentralized borrowing protocol enabling users to deposit ETH, liquid staking tokens, and ARB as collateral to mint USND, its capital-efficient stablecoin. Built as a friendly fork of Liquity v2, Nerite gives borrowers flexibility and control by allowing them to set their own interest rates and manage collateral efficiently.

Capitalizing on a Flexible, Chain-Agnostic Architecture

The strategy borrows USND against tBTC collateral and deploys it within Nerite and other DeFi protocols integrated with USND, benefiting from Onyx’s flexible infrastructure that removes protocol and network limitations. It adjusts to market conditions to manage risk and preserve efficiency, with yield periodically rebalanced into tBTC. The fund is curated and managed by AGF through a Safe multisig wallet, processes deposits and redemptions daily, and leverages protocols such as Nerite, Aave, and Yearn, with a mandate centered on tBTC and USND.

By bringing this strategy on-chain through Enzyme Onyx, Nerite enables tBTC holders to access a growing borrowing and yield ecosystem on Arbitrum without compromising security, transparency, or operational flexibility.

Interested in building your own tokenized strategies or products on Onyx? Connect with our team and explore what Enzyme can power for you: https://enzyme.finance/contact-us