dEURO

dEURO issues DEURO, an over-collateralized Euro-pegged stablecoin backed by on-chain crypto collateral rather than fiat reserves. Like Frankencoin, it uses an auction-based mechanism to mint and liquidate positions without relying on external oracles, deployed across Ethereum, Polygon, Arbitrum, Optimism, and Base.

Users mint DEURO by posting eligible crypto collateral through the protocol's permissionless auction process; the protocol earns fees on minting, interest on outstanding positions, and value accrues to governance token holders who vote on collateral types and risk parameters. There is no centralized issuer or fiat reserve manager.

dEURO is a community-governed DeFi protocol launched as a fork of Frankencoin (ZCHF), focused on bringing a decentralized Euro stablecoin to multiple EVM blockchains.