What is nETH / nBTC / nUSDC

nETH / nBTC / nUSDC 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.

For example, while you hold nETH on the Movement chain, Raga Finance deposits your ETH into optimal strategies on Ethereum, allowing you to keep earning native yields while you explore the Movement chain ecosystem by using nETH.

Users can convert nETH to ETH at any time by any of these mechanisms -

  • Swap nETH to their desired asset using the liquidity pools available on chains supported by Raga Finance

  • Withdraw nETH to get ETH back after a waiting period where Raga Finance removes the ETH from the deployed strategies

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