Hi All,
We have just launched our liquidity event on Sushiswap (and Uni) for 10 days. More information can be found here:
The big XBE liquidity reward starts ~9am UTC Friday 2 April 2021! - EURxb.finance
What is EURxb.finance?
EURxb has issued 100mm EURO of Stablecoins exclusively backed by interest bearing, regulated, senior secured bonds (that serves as the protocol’s real-world reserves) yielding a real time interest of 7%.
The EURxb is an ERC20 Euro Stablecoin that earns real time interest of 7% per annum due to the protocol’s bond reserves. The EURxb aims to bring tokenised transparency to the stablecoin reserve management process while attributing the time-value (interest) of these reserves to holders - just by holding the token, so that we can increase liquidity for swaps to synthetics from the regulated securities market.
EURxb achieves this ambition by holding investment grade senior secured corporate bonds (ISIN: NO0010912843) with a 4:3 asset collateral security ratio in accordance with the ISIN Registered Secured Bond classification as reserves.
Each EURxb Bond Token (EBND) NFT721 represents 1m EURO reserve for EURxb ERC20 stablecoins as a tokenised subscription to an ISIN registered Senior Secured Bond, which in turn is overcollateralised at a 4:3 ratio by an EURxb Security asset token (ESAT) NFT721 representing 1.34m EURO of pledged collateralised assets to the same ISIN Security.
The protocol governance will be controlled through the XBE ERC20 token, which will also be a mechanism to distribute protocol income to holders. It is for this token that we are running a liquidity reward event on Sushiswap.
Thanks for your time!