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Descent protocol is built on Base
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Decentralized protocol powering digital currencies
Over-collateralized and capital efficient protocol powering xNGN, the most liquid Naira stablecoin
0 xNGN
xNGN generated
0 xNGN
xNGN/USDC price
0 xNGN
xNGN volume
Capital Efficient
Buy xNGN on the market or generate xNGN with Descent protocol. Generate xNGN and keep your exposure to the whole collateral. Pay a low, fixed interest rate.
Discover xNGN
1xNGN ≈ 1NGN
A digital currency for a new internet financial system. Generate currencies (xNGN) anytime, anywhere!
Find out how much xNGN you can borrow using USDC.
How much collateral do you want to deposit?
100 USDC
What is your target collateral ratio?
30%
How much can you collateral generate?
0 xNGN
Interest Rate
0.0%
This is an annual percentage yield calculated on top of how much Currency(xNGN) has been generated.*
Vaults
Borrow against your crypto assets at competitive rates to unlock new capital streams.