Raga Finance
  • OVERVIEW
    • What is Raga Finance
    • Why should you use Raga
    • How to use Raga
    • How does Raga Finance generate returns
    • What is nETH / nBTC / nUSDC
  • MAINNET GUIDE
    • Mint nUSD on Raga Finance mainnet
  • TESTNET GUIDES
    • Mint nUSD/nETH on Raga Finance testnet
    • Get USDC/DAI/ETH on Sepolia testnet
  • TECHNICAL DOCUMENTATION
    • Technical design
    • Product components
      • Ethereum smart contracts
      • Target chain smart contracts
      • Raga fee module
      • Cross-chain messages
      • Off-chain oracle
      • AI integrated model
  • Contracts
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  1. OVERVIEW

What is nETH / nBTC / nUSDC

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Last updated 1 month ago

nETH / nBTC / nUSD are the derivative assets minted by Raga Finance on the target chain when the user deposits assets on Ethereum. "n" stands for Native yielding assets.

nETH is derived from ETH/wETH/stETH/weETH and so on.

nBTC is derived from BTC/wBTC/solvBTC/stBTC/LBTC and so on.

nUSD is derived from stable assets like USDC/USDT/DAI, etc.

For example, while you deposit stable assets using our , you'll receive nUSD on the Movement chain. Raga Finance deposits your stable assets into optimal strategies on Ethereum, allowing you to keep earning yields while you explore the Movement chain ecosystem using nUSD. nUSD can be used to provide liquidity on DEXs in the Movement ecosystem, used as collateral to borrow against or to participate in different trading platforms

Users can convert nUSD to other assets at any time by any of these mechanisms -

  • Swap nUSD to their desired asset using the liquidity pools available on chains supported by Raga Finance. (For eg: [link])

  • Withdraw nUSD to get stable assets back after a waiting period where Raga Finance removes the stable asset from the deployed strategies. (Coming Soon)

Note: Currently we have enabled deposits for stable assets

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