EURO3
EURO3
EURO3
EURO3
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About EURO3
EURO3 is a euro‑pegged stablecoin issued by the 3A lending protocol, designed to enable zero‑interest borrowing against crypto and real‑world assets. It operates within a vault and Stability Pool system governed by 3A DAO LLC. Stability is maintained through fee mechanisms, arbitrage opportunities, and incentivised actions within a decentralised governance structure.
3A DAO is a decentralised, non‑custodial lending protocol governed by a legally registered DAO entity (3A DAO LLC) in the Marshall Islands. It enables users to borrow against whitelisted crypto and tokenised real‑world assets (such as liquid‑staked tokens, LP tokens, tokenised bonds and treasuries) in a permissionless manner and with enterprise‑grade security. The protocol permits interest‑free loans through smart contract vaults, requiring a health factor (HF) to maintain safety. Collateralised assets are subject to data‑driven risk models, and loans are supported by a Stability Pool that acts as a backstop for liquidations. The protocol includes mechanisms such as fee‑based issuance, arbitrage‑driven redemptions, and automated bots to maintain stability. Governance is conducted by managing members and A3A token holders, including those with Centurion status for enhanced voting weight.
EURO3 is a euro‑pegged stablecoin native to the 3A protocol. Users borrow EURO3 by depositing collateral into vaults; they can repay loans or redeem collateral at a 1:1 euro rate when health factor conditions are met. The token plays a central role in the Stability Pool, where users stake EURO3 to absorb liquidated vault collateral and earn A3A token rewards. Its stability is maintained via a combination of:
- Issuance and redemption fees that modulate supply and demand.
- Arbitrage and automated redemption mechanisms to correct deviations from the peg.
- Incentives for strategic actions, such as repaying debt when EURO3 trades below parity, and borrowing more when above parity, to uphold its soft peg to the euro.
The protocol is developed and governed by 3A DAO, which operates under the legal entity 3A DAO LLC in the Marshall Islands. Initial managing members were appointed through community votes by A3A token holders. Governance remains participatory: all token holders and Centurion NFT holders, who possess augmented voting power, can propose and approve protocol updates, including adjustments to fees, risk parameters or collateral lists.
