Nerve Finance (NRV)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release: 1-3-2021
• From their blog (12-4-2021):

"Nerve is a trustless on-ramp and stableswap on Binance Smart Chain."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Binance Smart Chain and Terra (14-5-2021).

Governance

Admin Key

• From DeFi Safety (17-6-2021):

"The only admin access control information is in a Twitter Post. The nerve Multisig and it's owners are indicated in a twitter post. There is no evident pause control information explained anywhere in their documentation."

Roadmap

• Can be found [Insert link here].

Audits

• There is no evident bug bounty program (17-6-2021).
• Got a score of 34% on DeFi Safety (17-6-2021): "Certik did an audit on them on April 6th 2021. It is a very simple audit that does not even mention finance aspect, the bridge. As such 20% is deducted to 50% final score. Nerve.fi was launched March 1st 2021." With the comment: "No testing, No documentation, and a weak audit."

Usage

• From their blog (12-4-2021):

"In the past week, we’ve seen our TVL grown from $200M to over $600M across all our pools."

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].

Funding

• From their blog (12-4-2021):

"Raised a round led by 3 Arrows Capital, CMS Holdings, and Alameda Research with participation from Immutable Capital and Primitive Ventures. The treasury sold $2M worth of tokens, and all investor tokens sold are on a 3 month lockup."

Partners

• From their Twitter (14-5-2021):

"We're partnering with @terra_money to launch the first low slippage pool for $UST on #BSC This pool allows for swaps between stables, UST, and assets like @mirror_protocol and is part of our multi-chain expansion."

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