NXUSD

NXUSD Price

About NXUSD (NXUSD)

NXUSD is an algorithmic stablecoin that serves as the native stable asset for the Nereus Finance ecosystem, designed to provide a stable medium of exchange and value retention for decentralized finance users.

• The token is issued by Nereus Finance, a decentralized and non-custodial liquidity market protocol.
• Users can participate in the ecosystem as depositors to earn passive income or as borrowers using over-collateralized or under-collateralized methods.
• NXUSD is optimized to support dynamic and fixed interest rates with lower collateral requirements compared to many traditional stablecoin protocols.

What Is NXUSD?

NXUSD is the algorithmic stablecoin native to Nereus Finance, a decentralized protocol primarily operating on the Avalanche network. It is designed to maintain a stable value relative to the US Dollar, providing a reliable unit of account within the Nereus ecosystem. The primary purpose of NXUSD is to facilitate efficient value movement and utility within a non-custodial liquidity market.

The token is put to work through several mechanisms within Nereus Finance. Users can stake their NXUSD to participate in yield-generating opportunities, such as the "NXUSD Earn" program, which offers rewards for providing liquidity. Additionally, the token can be borrowed against various collateral types, allowing users to access liquidity without selling their underlying assets. As the Nereus ecosystem expands into areas like derivatives trading and cross-chain functionality, the utility and demand for NXUSD are intended to scale alongside protocol growth.

What Makes NXUSD Unique?

• Capital Efficiency: NXUSD distinguishes itself through its integration with the Nereus Finance protocol, which focuses on providing lower collateral requirements for borrowers to optimize capital usage.
• Diverse Borrowing Modes: Unlike many stablecoin protocols that require high over-collateralization ratios, Nereus offers both perpetual over-collateralized loans and one-block under-collateralized liquidity options.
• Ecosystem Integration: The token is designed for use cases beyond simple speculation, serving as a core asset for a derivatives trading platform that supports cryptocurrencies, forex, and commodities.
• Frictionless Experience: In certain environments, Nereus provides a gasless trading experience for NXUSD users, reducing the technical barriers and costs typically associated with on-chain transactions.

What Can You Use NXUSD for?

NXUSD is pegged to the US Dollar and serves as a digital representation of that value within decentralized protocols. Drawing on its design within the Nereus Finance ecosystem, it supports the following use cases:

1. Value retention: NXUSD allows users to hold a digital, on-chain representation of the US Dollar, which may reduce exposure to the inherent volatility of the broader cryptocurrency market.
2. Yield generation: Users can generate yield by staking NXUSD within the Nereus Protocol or providing it to liquidity pools. The "NXUSD Earn" initiative specifically rewards participants for locking their tokens to support protocol liquidity, with potential returns sourced from decentralized lending and yield farming activities.
3. Cross-border settlement / value transfer: As a digital asset, NXUSD is capable of international transfer and global trade settlement, facilitating the frictionless movement of US Dollar-pegged value across supported blockchain networks.
4. Collateralization: NXUSD can be used as backing within borrowing and lending protocols. Users may utilize the token as collateral to access other assets or as margin for derivatives trading on the Nereus platform.

How Does NXUSD Work?

NXUSD operates through the Nereus Finance liquidity market, where users interact as either depositors or borrowers. The protocol functions as a non-custodial system, meaning users retain control of their funds while they are managed by smart contracts. When a user deposits assets into the market, they provide the liquidity necessary for others to borrow, earning a portion of the interest generated in return.

Borrowers can access NXUSD by providing collateral. The protocol supports different borrowing modes, including traditional perpetual over-collateralized loans and specialized under-collateralized "one-block" liquidity, which is designed for specific high-frequency or technical use cases. Stability is maintained through algorithmic mechanisms that adjust interest rates and incentives based on market demand. As an application utility token, NXUSD transactions within the Nereus dApp may involve protocol service fees that support the ongoing maintenance and security of the ecosystem.

Team Info and Investors

Nereus Finance is managed by a team described in project sources as battle-tested professionals with experience in developing secure DeFi protocols. The project has been operationally resilient since its launch in 2022 and has documented processing significant transaction volumes. While specific individual founder names or major early investors are not detailed in the available source material, the project emphasizes its commitment to operational transparency and security through its established track record in the industry.

Where can you buy NXUSD?

NXUSD tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade NXUSD is Curve (Avalanche), where the most active trading pair NXUSD/3CRV has a trading volume of $19.76 in the last 24 hours.

What is the daily trading volume of NXUSD (NXUSD)?

The trading volume of NXUSD (NXUSD) is $30.75 in the last 24 hours, representing a -25.00% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for NXUSD (NXUSD)?

NXUSD (NXUSD) reached an all-time high of $2.43 and an all-time low of $0.03444. It’s now trading -59.80% below that peak and 2,733.20% above its lowest price.

What is the market cap of NXUSD (NXUSD)?

Market capitalization of NXUSD (NXUSD) is $18,506,545 and is ranked #848 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of NXUSD tokens (19 Million tokens are tradable on the market today).

What is the fully diluted valuation of NXUSD (NXUSD)?

The fully diluted valuation (FDV) of NXUSD (NXUSD) is $18,506,545. This is a statistical representation of the maximum market cap, assuming total number of 19 Million ETH tokens are in circulation today.

How does the price performance of NXUSD compare against its peers?

With a price decline of -0.50% in the last 7 days, NXUSD (NXUSD) is outperforming the global cryptocurrency market which is down -5.40%, while underperforming when compared to similar Stablecoins cryptocurrencies which are down -0.10%.

How to add NXUSD (NXUSD) to MetaMask?

Adding NXUSD (NXUSD) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import NXUSD as a token. You can copy NXUSD’s contract address (0xf14f4ce569cb3679e99d5059909e23b07bd2f387) and import it manually, or if you've installed MetaMask's chrome extension, add NXUSD to MetaMask with one click on CoinGecko.

Add NXUSD to MetaMask.