On June 19, 2025, in George Town, Cayman Islands, Nectra was introduced—a new lending protocol enabling Bitcoin holders to borrow using the stablecoin nUSD.
Overview of Nectra
Nectra is a permissionless lending protocol allowing Bitcoin holders to borrow funds against their BTC using nUSD. Built on Citrea—the first ZK rollup for Bitcoin, Nectra offers a solution free from intermediaries and opaque terms.
Key Features of Nectra
Nectra includes several key features:
* **Non-custodial loans:** Users retain control of their Bitcoin throughout the lending process. * **Custom interest rates:** Borrowers can set their own annual percentage rates. * **High LTVs:** Borrow up to 83.3% of the value of Bitcoin. * **Instant access to nUSD:** A Bitcoin-backed stablecoin that can be redeemed for BTC at any time. * **Real on-chain yield:** Users can earn yield by depositing nUSD into the protocol’s Savings Account.
The Future of Nectra
Nectra is now live on the Citrea testnet, with the mainnet launch and loyalty program expected soon. Bitcoin holders will be able to start testing loans, exchanging nUSD, and earning yield while adhering to the principles of decentralized finance.
The launch of Nectra marks a new chapter in the evolution of decentralized finance for Bitcoin holders, offering safe and transparent conditions for achieving financial independence.
