> ## Documentation Index
> Fetch the complete documentation index at: https://docs.nirvana.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# NIRV: Credit against the Floor

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NIRV (pronounced nerve) is a stablecoin minted against staked ANA. Borrowers can tap into ANA's floor liquidity by borrowing NIRV up to ANA’s floor value with zero interest and zero risk of liquidation.

Because [ANA's](/s3-nirvana/p4-ana-the-native-asset) floor is enforced by the [AVM](/s3-nirvana/p2-the-assured-value-machine), it becomes a dependable source of borrowing power. Users can mint NIRV with full confidence that their position won’t be wiped out in a downturn.

This makes NIRV a structurally safe credit primitive, a dollar-denominated stablecoin backed by verifiable, protocol-enforced value. It brings capital efficiency to the ecosystem without the fragility of legacy lending platforms, and extends the utility of ANA as a source of productive value.

## Borrowing NIRV

1. **Deposit ANA into Nirvana**

   <img src="https://mintcdn.com/nirvana-472dfd41/ikU-NJRh5uPsiDbk/images/image_2025-10-03_12-49-24.png?fit=max&auto=format&n=ikU-NJRh5uPsiDbk&q=85&s=6179ee1acf80a1189b67d4df1b1973e6" alt="image_2025-10-03_12-49-24.png" width="1918" height="992" data-path="images/image_2025-10-03_12-49-24.png" />

   * Go to the “Stake & earn” section.
   * Stake your ANA.
   * This ANA begins earning [prANA](/s5-revenue-sharing/p1-prana) and becomes usable as collateral.

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2. **Navigate to “Borrow/Repay NIRV”**

   <img src="https://mintcdn.com/nirvana-472dfd41/ikU-NJRh5uPsiDbk/images/image_2025-10-03_12-50-02.png?fit=max&auto=format&n=ikU-NJRh5uPsiDbk&q=85&s=2888e4fc093daed7b89c64a35adb5db2" alt="image_2025-10-03_12-50-02.png" width="1917" height="992" data-path="images/image_2025-10-03_12-50-02.png" />

   * Here you'll find information on:
     * Your total ANA collateral
     * The current ANA floor price
     * Your NIRV debt limit (how much you can borrow)

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3. **Click "Borrow NIRV" and enter the amount of NIRV to borrow**

   <img src="https://mintcdn.com/nirvana-472dfd41/ikU-NJRh5uPsiDbk/images/image_2025-10-03_12-51-16.png?fit=max&auto=format&n=ikU-NJRh5uPsiDbk&q=85&s=b2f1a58bda443c6f823db1f27c9d8675" alt="image_2025-10-03_12-51-16.png" style={{ width:"57%" }} width="489" height="619" data-path="images/image_2025-10-03_12-51-16.png" />

   * You can borrow up to the floor value of your deposited ANA.
   * Example: If you have 10 ANA and the floor price is \$3.50, you can borrow up to 35 NIRV.

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4. **Borrow**
   * A one-time borrow fee is applied.
   * Borrowed NIRV appears in your wallet.
   * A portion of your ANA becomes locked as collateral.

## Locked collateral

* **Only the amount of ANA backing your debt is locked.**\
  This amount is calculated as:

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$$
\text{Locked ANA} = \frac{\text{NIRV borrowed}}{\text{ANA floor price}}
$$

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<Info>
  **Example**: You borrowed 21 NIRV at a floor price of \$5.00

  This means 4.2 ANA is locked as collateral.

  The rest of your deposited ANA remains unlocked.

  All staked ANA (both locked and unlocked) earn prANA at an equal rate.
</Info>

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## Repaying NIRV

<img src="https://mintcdn.com/nirvana-472dfd41/ikU-NJRh5uPsiDbk/images/image_2025-10-03_12-57-05.png?fit=max&auto=format&n=ikU-NJRh5uPsiDbk&q=85&s=11d69274875a9606c31a78b9bf325365" alt="image_2025-10-03_12-57-05.png" style={{ width:"58%" }} width="483" height="502" data-path="images/image_2025-10-03_12-57-05.png" />

1. Go to the **“Borrow/Repay NIRV”** section.
2. Enter the amount of NIRV to repay.
3. Submit the transaction.

**Once repaid:**

* An equivalent amount of ANA collateral is unlocked.
* You may withdraw ANA or keep it staked to continue earning prANA.