dEURO is a decentralized, EURO-linked stablecoin that is collateralized and oracle-free. It provides a censorship-resistant digital asset pegged to the Euro, enabling stable value transfer within the decentralized finance ecosystem.
Funding
Funding not disclosed
Founders
Product
Problem
Existing Euro-backed stablecoins often rely on centralized entities, external oracles, and limited collateral options, creating risks related to censorship, manipulation, and lack of transparency. This dependence undermines the core principles of decentralized finance (DeFi) and limits user control over their assets.
Solution
dEURO is a decentralized, collateralized stablecoin pegged to the Euro, designed to provide a censorship-resistant and transparent alternative within the DeFi ecosystem. The protocol eliminates the need for external oracles by employing an auction-based system for collateral valuation, preventing price manipulation and ensuring system integrity. Users can mint dEURO by depositing a variety of collateral assets, and the system's incentives and rules allow anyone to participate in governance and mint new coins. dEURO offers lending and savings modules, allowing users to borrow dEURO against collateral and earn interest on their dEURO holdings.
Target Audience
The primary target audience includes DeFi users, cryptocurrency traders, and individuals seeking a decentralized, censorship-resistant Euro-pegged stablecoin for transactions, investments, and participation in the DeFi ecosystem.
Features
- Decentralized, oracle-free stablecoin pegged to the Euro (1 dEURO = 1 EUR)
- Collateralized minting mechanism allowing users to mint dEURO by depositing various crypto assets as collateral (WBTC, WETH, USDC, DAI, UNI, XAUT, ZCHF, WFPS)
- Auction-based collateral valuation system to eliminate reliance on external oracles
- Lending module enabling users to borrow dEURO against deposited collateral
- Savings module allowing users to earn interest on dEURO deposits
- Governance participation through Native Decentralized Euro Protocol Shares (nDEPS)
- Cross-chain compatibility, with dEURO available on Ethereum, Polygon, Arbitrum, Optimism, and Base
- Integration with various DeFi platforms and services, including Uniswap, Matcha, and DFX.swiss