**Motivation **
This proposal seeks to add Beraborrow’s stablecoin, Nectar ($NECT) as a quote asset on Burrbear. By introducing $NECT as a quote asset, we aim to enhance its liquidity and utility within the Berachain ecosystem, enabling users to trade against $NECT with greater ease and efficiency. This move will also help solidify $NECT’s role as a key stablecoin within Berachain, further integrating it into the broader DeFi landscape.

Additionally, adding NECT as the quote token solidifies the partnership between BurrBear and BeraBorrow to;
- Build NECT market cap by incentivising TVL on Burr Pools
- Increase TVL on Burr Pools, which in turn increases BurrBear value accrual to BURR token holders

**What is Beraborrow and why use $NECT?**

Beraborrow provides instant liquidity again blue-chip Berachain assets. Our overcollateralised stablecoin, Nectar ($NECT) is designed to be a pegged, liquid-staked version of BGT, offering users a secure and composable way to participate in the Berachain ecosystem. Through its unique use of Proof of Liquidity (PoL), $NECT allows users to collateralise assets, earn PoL emissions, and convert those emissions back into $NECT without selling, thereby maximising liquidity and yield.

**Incentivising Liquidity for $NECT as a Burrbear quote asset**

To ensure deep and sustainable liquidity for $NECT as a quote asset on Burrbear, we propose leveraging both BGT and POLLEN incentives. BGT incentives will help attract initial liquidity providers, while POLLEN incentives will encourage long-term participation and stability in the $NECT markets. By strategically deploying these incentives, we aim to create strong and enduring liquidity for $NECT, making it a preferred trading pair on Burrbear.

**Upon the vote passing, what are the next steps?**

**1. Vote Passes:**
Once this proposal is approved by the community, we will move forward with the necessary steps to implement $NECT as a quote asset on Burrbear.

**2. Finalise Incentives Discussion:**
Engage with the community and key stakeholders to finalise the BGT and POLLEN incentives. This will involve determining the optimal distribution and duration of incentives to ensure effective and sustained liquidity.

**3. Create Respective Flywheels:**
Work alongside the Burrbear team and other partners to establish flywheels that capture PoL emissions and convert them into $NECT. These flywheels will help maintain liquidity and incentivise ongoing participation in the $NECT markets.

**4. Foster Larger Liquidity Deals for Day 1:**
Collaborate with liquidity providers and partners to secure significant liquidity for $NECT on day one. This will ensure that the $NECT markets on Burrbear launch with deep liquidity, fostering a robust trading environment from the outset.

**Summary**

Adding $NECT as a quote asset on Burrbear presents a win-win scenario for the entire Berachain ecosystem. By doing so, we enhance $NECT’s liquidity and utility, provide users with more trading options, and further integrate $NECT into the broader DeFi landscape. With strategic incentives and collaborative efforts, we believe this proposal will lead to sustainable growth and success for $NECT on Burrbear. We invite the community to support this initiative and help us build a stronger, more interconnected Berachain ecosystem.

Proposal to Add $NECT as a Quote Asset on Burrbear

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