Announcing the USND-BOLD Bunni Pool and Incentive Campaign

Announcing the USND-BOLD Bunni Pool and Incentive Campaign

Nerite is a “Friendly Fork” of Liquity V2. Liquity issues the BOLD stablecoin, and Nerite issues the USND stablecoin.

As promised in our Bold Incentive Plan, a minimum of 1.25% of our future NERI governance token (1,250,000 NERI) will go towards incentives on a USND-BOLD pool. But we don’t want to wait for NERI, which is not yet live or available, to get started.

Starting today, we are adding $10,000 USDC incentives to this USND-BOLD pool on Bunni, to boost it over the next 2 weeks and jumpstart BOLD liquidity on Arbitrum.

All depositors will also earn a share of that 1,250,000 NERI retroactively.

In addition to this, we have also committed 2.75% of NERI towards rewarding Liquity V2 mainnet BOLD users based on the Liquity V2 leaderboard seen here: https://dune.com/liquity/v2-leaderboard

These users will also be retroactively rewarded when the NERI token goes live. More will be communicated at a later date.

Bridging BOLD to Arbitrum

BOLD token uses CCIP to make instant cross-chain transfers easy. There are many different CCIP apps which facilitate this. We recommend using Transporter to move BOLD to Arbitrim quickly, cheaply, safely, and without a fee: https://www.transporter.io/

Friendly Forks

Nerite received tons of benefits and the exclusive license to deploy the Liquity codebase on Arbitrum. We also made some pretty cool updates and changes to accept more collateral, add money streaming, and make it more Arbitrum native.

To learn more about Forkonomics, check out our post on it here.

It's time to get BOLD on Arbitrum!