DeFi

LFG EURe borrowing on @gnosischain aave now has incentives enabled! Borrow for 2.94% vAPY, get 6% rewards. ez 😎

Open infrastructure for a decentralized internet — by 
@gnosis-dao

gm. Fulltime degen, building fun stuff onchain. 
Master of Disaster Frogworks, /ottodao bullfrog, ex @astaria

How is EURe backed? As a borrower I shouldn’t really care tbh 😅

It’s issued as e-money which is digital cash regulated in the EU. It’s overcollateralized and audited 😉

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_fiatisabubble.twitter

I remember there was a time it wasn’t pegged as 1:1 with EUR. I couldn’t understand why so I skipped it..

It’s issued as e-money which is digital cash regulated in the EU. It’s overcollateralized and audited 😉 https://monerium.com/blog/2023/why-the-eure-is-better/