Welcome to EUR+

The leading asset pledged decentralized
euro stablecoin based on ETH reserve contract

Mint EUR+

Why Choose EUR+ ?

Current stable coins in the market are anchored to the US dollar while stable coins anchored to the euro provide users with a choice of different fiat currencies. As the US dollar exchange is becoming more unstable, for safe storage of value, the euro provides a safe alternative.

A completely decentralized stablecoin

Completely based on users’ independent minting and burning with no centralized organization for minting or censoring.

Use ETH as an asset reserve

Only ETH is used as a reserve asset to maintain price stability through over-collateralized position contracts. Compared with DAI, which uses a basket of tokens as a reserve, the underlying risk is lower, and it is less prone to systemic risks caused by large-scale liquidation.

Automatically stabilize prices

The contract regularly checks the current EURP price, automatically calculates the interest rate and the distribution of governance token incentives to encourage users to mint or burn EURP and make the price return to the anchor price faster.


The following are some key technical descriptions of EURP technology. For more specific information, please refer to the code link and related documents:

Getting Start

EUR+ is a stable currency system that runs on Ethereum and is composed of smart contracts. It consists of several different modules. Users can directly interact with the contract through dapp, or let other contracts interact with EUR+ through the provided interface.


Users deposit ETH in treasury, then collateralize and cast the EUR+ contract. The price of ETH is provided by chinlink, and users can deposit and withdraw ETH in the contract, and mint or destroy EUR+.


The interest rate is maintained by the EthInterest contract, which will calculate the interest rate that the current user should pay based on the current interest rate and casting time. The interest rate is automatically determined by the moderator contract.


In order to reward users for casting EUR+ and providing supply to the market, the system will provide governance token rewards for users who mint EUR+. The specific supply is the same as the interest rate, which is determined by the moderator contract based on the current market price.


The role of the moderator contract is mainly to automatically adjust the interest rate and governance token rewards to respond more quickly to price, incentivizing and influencing the behavior of users. When the market price of EUR+ is lower than 1EUR, the moderator will increase the interest rate, reduce or stop the reward from EUR+ casting, to reduce the supply of EUR+ in the market and increase the price. If the market price of EUR+ is higher than 1EUR, the moderator will reduce the interest rate to a minimum of 0, increase the rewards of governance tokens to encourage users to cast more EUR+, and increase market supply to reduce prices. It's like a machine that automatically adjusts prices.


When the price of ETH in the market drops sharply, causing the value of ETH pledged by users to be lower than the clearing line, it will clear the system. During liquidation, the user's ETH will be repurchased EUR+ from the market and be destroyed. The system can repurchase EUR+ from multiple channels, and the current one is uniswap.

Frequently Asked Questions


  • Why develop the Euro stablecoin?

    At present, the use of stablecoins is more and more widespread, but the current stablecoins are mainly based on stablecoins against the US dollar. The Eurozone has a population of more than 300 million and a total GDP equivalent to that of the United States. Of course, users prefer to price in local currency units, and there are considerable stablecoin usage scenarios and needs.

  • In the field of cryptocurrency, BTC and ETH have the most widely used scenarios and acceptance, and they are also the most suitable underlying assets for reserve. BTC is not a native token on Ethereum. It needs to be cross-chain to use on Ethereum, but there is still no verified decentralized BTC cross-chain project, so choosing ETH is a suitable and safe choice.

  • Any current use of fiat currency and cryptocurrency scenarios, including transactions, e-commerce, payment, etc.

  • You can use ETH or other cryptocurrencies to exchange for EUR+ on a decentralized exchange. In the future, fiat currency can also be exchanged on centralized exchanges. We are still working with centralized exchanges to accept EUR+.


Learn more about EUR+, contact the team or others in the community, and have your say in shaping the future of the Crypto ecosystem.