Nerve

Rank

#50

Chain

Binance (BSC)

Service

Dex

Social links

Platform Token

Nerve Finance (NRV)

Price

$0.0069

+1.9 %

Market Cap

$77,747,624

-0.6 %

24H Volume

$3,693

nerve.fi

Publish: 03/2021

Team is private

No incidents

Audits: 1

Nerve is a decentralized application founded in 2021. The project team is private. In the decentralized finance space, this project has passed 1 audit. It has not been involved in any incidents. Nerve runs on top of the Binance blockchain for fast and secure transactions with crypto assets. The project has its platform token called Nerve Finance. The trading volume for 24 hours is $3,693.

Users have the ability to contribute their cryptocurrencies to pools which can then be accessed by other users, where providers earn interest on the assets that they bring in. The DeFi Watch platform can be used as a tracker to find the best project pool with high swap fees and yield farming rewards. More details about Nerve are available at nerve.fi.

Liquidity

Liquidity Pools

Team And Investors

Nerve Liquidity

$1,704,740

-0.1 %

Active users

+10.5 %

What is Nerve Finance (NRV)?

Nerve Finance is an automated market-maker (AMM) platform that exists on the Binance Smart Chain (BSC). It aims to facilitate quick and low-slippage trading of stablecoins and other pegged synthetic assets. The platform’s users can trade stablecoins on Binance Smart Chain with the lowest possible slippage, transfer funds across different chains through the Nerve Bridge, and earn NRV rewards for providing stablecoin liquidity in the pools, as well as borrow and lend their stablecoin assets. Nerve Finance is non-custodial, meaning the platform’s developers do not have access to user tokens. The platform’s smart contracts have been audited by Certik. NRV is the BEP-20 token and project’s governance coin that has voting power in the NerveDAO (decentralized autonomous organization). This governance capability opens up the potential to focus the protocol’s cash flows on NRV holders, increase their rewards, and reduce their trading and bridging fees when using the platform, thus empowering the community to decide about the future of Nerve Finance. The project has launched its stablecoin 3Pool consisting of a basket of dollar-pegged stablecoins, i.e. BUSD, USDT, and USDC. The protocol has also launched an fUSDT metapool and pegged BTC and ETH pools to support its cross-chain service Nerve Bridge, as well as an rUSD metapool in partnership with Ramp DeFi and a UST metapool in partnership with Terra. More pools are being developed right now, and interested projects can apply to develop a metapool with Nerve through the BUIDL program.

Who are the founders of Nerve Finance (NRV)?

The company’s team is private, and no information about the individuals behind Nerve Finance (NRV) is presented in the project’s documents or website.

What makes Nerve Finance (NRV) unique?

Nerve Finance (NRV) sets apart from the crowd thanks to its vision: the aspiration to deliver the true values of decentralized finance (DeFi): the democratization of crypto trading, the reduction of elevated swap fees typical for Ethereum, and easy access to DeFi services without restrictions. Unlike other similar projects that are primarily focused on optimizing the DeFi experience in the short term, Nerve Finance is dedicated to creating a long-standing hub for the entire BSC ecosystem. To fulfill this mission, the project has already introduced the StableSwap technology that helps to carry out trading transactions with close to zero slippage. The launched 3Pool, which includes BUSD, USDT, and USDC stablecoins, offers trading transactions that are as low as 0.04%, without any admin fee, and there is a 0.64% deposit fee which creates sticky liquidity. The generated fees are distributed among pool liquidity providers and NRV token holders.