NXUSD is Nereus stablecoin with different use cases. People can deposit collateral and borrow NXUSD with 0% negative interest rates. Another interesting use case is spending NXUSD with Mastercard & Visa over the Wirexapp.
Designed for mass-market adoption, NXUSD is metaverse-ready and optimized for flexibility and usability. It's an excellent choice for those looking to earn interest, share revenue, and pay at more than 90 million merchants worldwide.
In Nereus Finance, you can find WXT, or Wirex Token, which is a utility token designed to be used within the Wirex platform and Nereus, an Avalanche-based lending protocol. The token is multichain by design, meaning it is available on the Ethereum, Polygon, and Avalanche networks. It can easily be transferred between chains using the Celer bridge.
Within the Nereus protocol, users can supply, borrow, and earn through a revenue-sharing scheme. Staking or locking WXT allows users to earn interest and share in the protocol's revenue growth. Specifically, stakers earn protocol fees, while lockers also earn protocol fees plus exit penalties from users who exit their vests early.
As always, potential investors should do their own research and consider the risks involved in cryptocurrency investments. Consult the legal disclaimer on the Nereus website for more information.