About Nectar Labs

Nectar Labs is testnet software for borrowing against thin-exit collateral. Market makers escrow USDC behind time-committed quotes on NEAR. Borrowers get a higher limit for a premium that pays those buyers, and if a loan goes bad, the collateral is sold to a committed buyer at a bounded discount instead of on a DEX. The collateral is a mock token (mock NVDAx) standing in for tokenized equities. It runs on NEAR testnet only: no mainnet, no real funds, and the code is not audited.

Who runs it

Operated by Nectar Labs, United States / India.