nobody wants to borrow euros onchain it seems - can someone explain why? or is this just an immature/new eurc market?

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I want yield higher or close to ecb rates

I want to borrow it and profit from EUR getting destroyed but swapping EUR is much worse than US stables (price impact, slippage, etc) and makes it not worth it

people onboarding via cex, don’t have lots of pairs to trade on. this is one big reason for. 


like you i would like to do it, but what is the point to onramp euro, convert to usdc and them back to eurc. make no sens

EURC was deployed May-29-2024, maybe that's why