Question 1

What is EURA (EURA)?

Accepted Answer

EURA, formerly known as agEUR, is a decentralised, euro-pegged stablecoin developed by Angle Protocol. It is designed to maintain a 1:1 peg with the euro through a combination of crypto and real-world asset (RWA) collateral. EURA can be minted and redeemed primarily through the Transmuter, a price-stability module that manages a diversified collateral basket, and also via the protocol’s Borrowing module, which enables the creation of EURA as debt backed by user deposits.

The rebrand from agEUR to EURA took place in March 2024 to simplify adoption and strengthen its positioning as a decentralised Euro stablecoin. Angle Protocol governance is handled by the Angle DAO, with ANGLE as its governance token. To ensure security and robustness, the EURA codebase has been audited by ChainSecurity, Sigma Prime, and Code4rena.

EURA is deployed across multiple blockchains including Ethereum, Arbitrum, Polygon, Optimism, Base, Avalanche, BNB Chain, Linea, and Celo, making it widely accessible across DeFi ecosystems.

Question 2

What is EURA (EURA) used for?

Accepted Answer

- **On-chain euro payments and settlement**: A euro-denominated unit of account for payments, treasuries, and exchange pairs  
- **DeFi euro exposure**: Mint and burn directly at oracle value with adaptive fees; redeemable against collateral reserves through the Transmuter  
- **Savings in euro**: Stake EURA into stEUR via Angle Savings to earn protocol-driven euro-denominated yield  
- **Borrowing and leverage**: Open collateralised vaults to borrow EURA, enabling leveraged positions or liquidity without selling assets  
- **Cross-chain utility**: Available across multiple blockchains, allowing for composability in lending, liquidity provisioning, and on-chain settlements.

Question 3

How does EURA keep the €1 peg?

Accepted Answer

The peg is maintained through the Transmuter and complementary mechanisms:

- **Mint/Burn at oracle price**: Users can mint or burn EURA at a value pegged to €1, with adaptive fees and circuit breakers to limit volatility  
- **Collateral basket management**: The Transmuter adjusts collateral exposures automatically, maintaining resilience through diversification  
- **Redemptions**: EURA is redeemable against underlying reserves at all times, with proportional redemptions and penalty structures designed to discourage bank-run dynamics  
- **Borrowing module interaction**: Users can mint EURA as debt, and repayment mechanics combined with liquidations ensure peg robustness  
- **Market incentives**: Arbitrage opportunities and protocol-managed fees support secondary market stability.

Question 4

Who created EURA (EURA)?

Accepted Answer

EURA is developed by Angle Labs, Inc. and governed by the Angle DAO. The project was launched in 2021 by Pablo Veyrat, Guillaume Nervo, and the pseudonymous Picodes. It was backed by a seed round led by a16z, providing early funding to build Angle Protocol as a decentralised stablecoin infrastructure.


EURA	ERC20	ETH	0x1a7e4e63778b4f12a199c062f3efdd288afcbce8	2021-10-23
EURA	ERC20	MODE	0x00001063a5d3A9d5f1B03e848fa788aae1d98C5c	2024-06-13
EURA	ERC20	BLAST	0x00001063a5d3A9d5f1B03e848fa788aae1d98C5c	2024-06-18
EURA	ERC20	OKB	0x00001063a5d3a9d5f1b03e848fa788aae1d98c5c	2024-08-30
agEUR	ERC20	POL	0xe0b52e49357fd4daf2c15e02058dce6bc0057db4	2021-11-23
agEUR	ERC20	OP	0x9485aca5bbBE1667AD97c7fE7C4531a624C8b1ED	2022-07-04
agEUR	ERC20	ARB	0xfa5ed56a203466cbbc2430a43c66b9d8723528e7	2022-07-04
agEUR	ERC20	BASE	0xA61BeB4A3d02decb01039e378237032B351125B4	2023-08-04
agEUR	ERC20	XDAI	0x4b1E2c2762667331Bc91648052F646d1b0d35984	2023-04-25
agEUR	ERC20	LINEA	0x1a7e4e63778B4f12a199C062f3eFdD288afCBce8	2023-10-09
agEUR	ERC20	CELO	0xC16B81Af351BA9e64C1a069E3Ab18c244A1E3049	2022-11-24
agEUR	BEP20	BNB	0x12f31B73D812C6Bb0d735a218c086d44D5fe5f89	2022-10-10
agEUR	ERC20	AVAX	0xAEC8318a9a59bAEb39861d10ff6C7f7bf1F96C57	2022-10-10
agEUR	ERC20	MANTLE	0xA61BeB4A3d02decb01039e378237032B351125B4	2023-10-11
agEUR	ERC20	STRK	0x0148f970a06fc95ee0682140e23a980351be8fad26168c5f0465e63940c46514	2022-12-26
agEUR	ERC20	AURORA	0xdc7AcDE9ff18B4D189010a21a44cE51ec874eA7C	2021-12-10
agEUR	SPL	SOL	CbNYA9n3927uXUukee2Hf4tm3xxkffJPPZvGazc2EAH1	2021-12-10