DEURO is an Ethereum stablecoin pegged to EUR, oracle-free, with collateralized minting and governance via nDEPS tokens. More
| Fully Diluted Valuation | $3.02M |
|---|---|
| 24H Trading Volume | $863 |
| 24H Low / High | $1.17 / $ 1.17 |
| Circulating Supply | 2.57M |
| Total Supply | 2.57M |
| Max Supply | ∞ |
| Categories | EUR Stablecoin 5 more |
|---|---|
| Founder | Anonymous |
| Website | deuro.com |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 4 more |
| Explorer | Basescan 5 more |
| Contracts |
0xba3....0a3ea
4 more
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| Name | Pair | OG Score |
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Decentralized Euro ($DEURO) is a decentralized stablecoin on the Ethereum blockchain, designed to maintain a 1:1 peg with the Euro (EUR) without relying on external oracles, launched to offer a secure, transparent alternative to centralized stablecoins. Built on an advanced smart contract architecture, $DEURO is collateralized by user-deposited crypto assets like ETH or wBTC, which are locked in vaults to mint $DEURO, ensuring over-collateralization to maintain stability.
The protocol’s oracle-free design uses an auction-based system to determine collateral pricing, reducing manipulation risks and enhancing autonomy by eliminating third-party dependencies. Users can borrow $DEURO against their collateral, deposit it into a savings module for passive returns, or redeem it for underlying assets, fostering versatility in decentralized finance (DeFi) applications like trading, lending, or payments.
The ecosystem includes Native Decentralized Euro Protocol Shares ($nDEPS), an ERC-20 token that represents equity in the protocol, granting holders voting power and a share of fees and liquidation profits, though they bear residual liquidation risks. Governance is fully decentralized, with $nDEPS holders able to veto proposals if collectively holding 2% of votes, ensuring no centralized control or admin keys exist. The protocol is immutable, requiring DAO consensus for changes, enhancing user trust.
Security is prioritized through audits by firms like Compass Security, and a community-driven bug bounty program encourages vulnerability reporting. Compliant with the EU’s MiCA regulation as a crypto-asset without a central issuer, $DEURO avoids licensing requirements, broadening its accessibility. By fostering a robust ecosystem for transactions and investments, $DEURO empowers users to engage in a censorship-resistant financial system, appealing to those seeking Euro-denominated stability in Web3.
$DEURO is uniquely oracle-free, using auctions to price collateral, ensuring full decentralization and manipulation resistance, with immutable contracts and $nDEPS-driven governance for a transparent, Euro-pegged stablecoin experience.
The founders of $DEURO are anonymous, developed under the dEURO protocol team with no specific individuals publicly named, aligning with its decentralized ethos.
The backers of $DEURO are not explicitly disclosed, relying on community-driven support within Ethereum’s ecosystem, with no named institutional investors, though its development is supported by a decentralized DAO structure.
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