Season 2 ideas: Nerite, the natively streamable stablecoin

Ecosystem Campaigns
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Season 2 ideas: Nerite, the natively streamable stablecoin

  1. Project Name - Nerite
  2. Project Description - A natively streamable stablecoin that requires no wrapping and is perfect for new defi experiments, payments, onchain subscriptions, and more.
  3. Website - https://Nerite.org
  4. How does the project use Superfluid? Native super token
  5. Team Members - @cupojoseph
  6. Social Links - https://x.com/neriteorg
  7. Dune dashboard (if available) - none
  8. Contract Addresses - coming next week
  9. Networks - Arbitrum
  10. SuperTokens Used - USND (coming soon)
  11. Total Superfluid Volume - $0
  12. Total Users - many in spirit, 0 before launch
  13. Current Daily Active Users - 0
  14. Current Superfluid Volume - 0
  15. Fee Structure - borrowing fees from the protocol are paid out to stablecoin holders.
  16. User Persona - Defi borrowers on Arbitrum. DAOs and individuals making subscriptions for services onchain.
  17. KPI to be incentivized by SUP - USND deposited in the stability pool or LP’d on Bunni
7 Likes
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Nerite is a hugely innovative product, and I’m personally very excited about having a Pure SuperToken in the Superfluid ecosystem!

The idea of incentivising Bunni is a great one. LP positions tend to be the largest sink for stablecoin pools, and by incentivising the usage of USND, we might see other projects adopt it as the stablecoin pair in order to take a share in the incentives!

IIRC, Bunni is a UniV4 hook-based application. This should make it work out-of-the-box with the Incentivizor product Superfluid Labs is building. While this might end up being outside of the bounds of other SPR campaigns, it might still be worth considering.

@vijay or @pierre from the Superfluid Labs team might have some opinions on that.

3 Likes
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Looking forward to integrating into SuperBoring!

1 Like
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A pure Supertoken stablecoin is a game-changer. Can’t wait to see all the uses where Nerite & Superfluid streaming will shine. Incentivizing liquidity is a great use of $SUP.

3 Likes