Nerve Finance
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Welcome to Nerve
An AMM and cross-chain bridge optimized for traders and liquidity providers.
What is Nerve?
Nerve is an automated market-maker (AMM) on the Binance Smart Chain (BSC) designed for low-slippage trading of stablecoins and other pegged assets.
Nerve launched its signature 3Pool with a basket of dollar-pegged stablecoins consisting of BUSD, USDT and USDC. The protocol has since established an fUSDT metapool and pegged BTC and ETH pools in service of its cross-chain Nerve Bridge, as well as an rUSD metapool in collaboration with Ramp DeFi and a UST metapool in collaboration with Terra. More pools are constantly in development, and projects are welcome to apply to develop a metapool with Nerve through the BUIDL program.
Nerve is non-custodial, meaning the Nerve developers do not have access to your tokens.
Features
↔️ Trade
💸 Earn
If your willingness to risk impermanent loss is a bit higher, you can also provide liquidity for the NRV governance token itself in the NRV/BUSD pool on PancakeSwap to earn more rewards.
After wrapping your tokens to provide liquidity to whichever pool you choose, be sure to stake your LP tokens in the right pool to earn your NRV.\
💰 Borrow and Lend
Collateralize the NRV governance token to secure a non-liquidatable stablecoin loan via Ruler Protocol, or lend your stablecoins to earn NRV, RULER, Ruler swap fees, interest, and access to forfeited collateral.
Why build a stablecoin-focused AMM?
Let us say you are a DeFi user looking to swap $100,000 USDC to BUSD. Using PancakeSwap ($10B+ TVL), the largest AMM on Binance Smart Chain, you'd receive $99,396.6 - losing $603.4 in value. If you had used Nerve instead, you'd receive $99,999.7 - almost zero slippage. Nerve's swapping algorithm is specifically designed for pegged assets, and as a result it is much more efficient than an AMM such as PancakeSwap that is not optimized to do so.
Taken March 31st, 2021
Taken March 31st, 2021
Why build the Nerve Bridge?
Until now, there was no way to trustlessly bridge funds into or out of BSC, with the main method of transfer being through the centralized, custodial Binance Bridge. In addition, the Binance Bridge imposes strict transaction limits that severely decrease its utility for many users. Taking advantage of Nerve's reputation for secure, deep liquidity, the Nerve Bridge was established to allow users to transfer large sums of ETH, BTC, or USDT (ERC-20) between BSC and their respective networks with minimal cost for the convenience.
Last modified 3mo ago