You may be wondering because most of our articles are titled “Navigation Guide”. In this case, we want to let you know that this is a our way to make our friends who are novice to the field of cryptocurrency will have a hint of how the world we live in, can give them inspiration to further embrace the industry. It is also a way for us to better understand and get to know the new sprouting projects and what benefits they can give to us. Today we introduce you to one of the promising businesses in the field of decentralized finance. SmartCryptoNews Presents “EURxb Finance Navigation Guide”
WHAT IS EURxb Finance?
EURxb Finance is the world’s largest EURO based stablecoin yielding real time interest of 7% P.A (per annum) backed by ISIN registered securities minted in accordance with the EURxb protocol. The EURxb is also collateralized as ERC721 NFT’s which is further overcollateralized by tokenized ERC721 NFT security assets at a rate of 133%.
Like any other decentralized finance business, EURxb Finance also have its own currency and its called EURxb token. This token is an ERC20 Euro Stablecoin that earns a real time interest of 7% annually for the duration of the protocol’s bond reserves term. Aside from this fact, EURxb was also have governance token called XBE Token. It will be fairly launched to all liquidity providers of both Uniswap and Balancer pools and the entire circulating supply will be distributed within the first 7 days of launch to all liquidity providers.
XBE Token Distribution
The total circulating supply of XBE Token is 15,000 as it will distributed fairly over 7 days starting on the launch of the protocol.The distribution has been configured to favour early liquidity provision to incentivize liquidity supply at launch. All users must note that they are required to wait until the end of the liquidity event days ending on March 3, 2021 at 11:00 GMT before withdrawing their deposited LP Tokens, and at the end of the liquidity event, they will be able to withdraw their liquidity and earn XBE token rewards. Each 4 pools will receive 3,000 tokens.
( SEE PHOTO BELOW courtesy of EURxb Finance)
Liquidity in the pools will be lock for 7 days from the start of liquidity program and XBE distribution to avoid abuse on the system. Users will be able to withdraw both LP and XBE after the event to make sure that liquidity cannot be pulled during the token distribution.
To unlock bond NFT’s, users must undergo a mandatory KYC (know your customer verification) and AML process dictated by the issuing authority to use XBE to purchase some of the protocol’s bond reserves prior to their maturity with a minimum holding of 1 Million XBE token to participate as requirements.
EURxb Security Asset ERC721 NFT
The EURxb Security Asset ERC721 NFT represents a call against the collateral backing the protocol’s bond reserves and is locked into EURxb Bond ERC721 NFT. At maturity, the EURxb stablecoin that are in circulation have to be bought back by Bond Holders from the market to be repaid into the EURxb Euro Smart Contract before unlocking the Bond ERC721 NFT Token.
Institutional EURxb Vault
The institutional EURxb Vault Is a unique product spearheaded by EURxb team in which allows for transparent and regulated access of institutional funds to the world of decentralized finance with an expectation of 5% APY.
(see diagram below courtesy of EURxb Finance)
XBE token is valueless, launched freely to all liquidity providers during the launch phase. EURxb Finance Smart Contract was audited by SFXDX TEAM to analyze the code base of ten smart contracts for the quality, the code, security threats and compliance with the business requirements.
🌀 Offers Liquidity to earn rewards — users can earn rewards by providing liquidity on Uniswap and Balancer Pools
🌀 Stake LP Tokens for Governance Token — stake on Balancer and Uniswap to earn governance token XBE
USEFUL LINKS AND SMART CONTRACT ADDRESSES
Uniswap USDT Pool – https://info.uniswap.org/pair/0x8d8da72161da2d800ebdd2a316214eac7c32fca0
Uniswap BUSD Pool – https://info.uniswap.org/pair/0xcBE190C83c34c68d80933eDd8C43ba2FC698fF93
Balancer USDC Pool – https://pools.balancer.exchange/#/pool/0x58ce2e98a050925d99b209799d10f413c729f6fc/
Balancer DAI Pool –
FULL CONTRACT LIST
XBE GOVERNANCE TOKEN
EURxb Partnership Details
🔹MIRIS AS a Norwegian registered entity. MIRIS established itself as an authority on environmental sustainability and has developed tools and community through building design, energy optimization, green computing and transparent finance
🔹Green Finance Framework enables MIRIS to issue green bonds and other green financial instruments and allow the company to identify, select,manage and report on eligible projects and assets in line with International Capital Market Association Green Bond Principles
🔹Nordic Trustee the leading provider of trustee and agency services for bonds and direct lending in the Nordic region
🔹Cicero a leading global provider of Second Opinions on green bonds frameworks. It provides independent environmental assessments of green and sustainability bond frameworks and the issuer’s relevant internal governance procedures
EURxb Finance team is consist of traders, investors, big financial business, central banks, and retail payments. The company founded year 2020 and it has 11-20 employees at recent time
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POWDERED BY: SmartLiquidity Network 💡
“We deliver these news article based on our own thorough research. We want to preserve some important information regarding the project that is presented in our column. We value our reader’s opinion and appreciate your valued respect to us. The article above is not a financial advice and as we always say “Invest at your own risk and only invest what you an afford to lose”