Authors: DAOplomats.eth (@Baer_DAOplomats, @jengajojo)
Draft Date: 2024-01-27.
Published dated: 202-11-08
Summary:
DAOplomats are seeking community support to add the EURe, Euro-backed stablecoin from Monerium to Aave V3 on the Polygon chain.
Motivation.
EURe usage has significantly increased over the past few months due to its recent integrations within the Gnosis ecosystem and Request Network. Even though EURe is the ideal asset to borrow due to its E-money status, the relative lack of usage of EURe can be explained by the inability to use it as collateral and the Gated Monerium ecosystem.
Source: Dune.com/arni
Since January 2024, EURe has had a total volume of over € 232,493,601, capturing more than 52% of the total on-chain Euro stable coin volume.
Stats Dashboard
- EUR fiat stables 2024 volume
- Gnosis Pay onchain stats: https://dune.com/steakhouse/gnosis-pay
- https://dune.com/dcooper/eure
Latest stats:
Q1 2024 Volume: 242,930,422 EUR
Total Volume till 15.03.24: 877,565,358 EUR
Total Outstanding EURe: 11,290,618 EUR
Total Collateral backing is 102%
Monerium On Polygon.
EURe currently supports three blockchains: The Ethereum mainnet, polygon and Gnosis.
Polygon is the third most popular blockchain for EURe and has a relatively higher number of holders than the Ethereum main net.
Specification
Ticker: EURe
Token Contract Polygon: 0x18ec0A6E18E5bc3784fDd3a3634b31245ab704F6
Oracle: 0xab70BCB260073d036d1660201e9d5405F5829b7a
Website: EURe | Monerium
Collateral backing: Financial information
Polygon Market Risk Parameters
DAOplomats invites the risk stewards to establish the parameters for the token on Polygon.
Disclaimer
DAOplomats are not/will not be compensated for this proposal, and the Monerium team isn’t involved.
Next Steps
- If consensus is reached on this temp check, escalate this proposal to the ARFC stage.
Copyright
Copyright and related rights waived via CC0.