decentralized
Euro.

A fully decentralized, collateralized stablecoin pegged to the Euro — secure, versatile, and censorship-resistant without having to rely on oracles. 1 decentralized EURO = 1 Euro.
Choose Your Use Case

The Three Core Functions

The decentralized EURO Token

decentralized EURO is an ERC-20 token on the Ethereum mainnet and bridges to other relevant chains.
Swap stablecoins for decentralized EURO
Swap onchain
Deposit from bank
Bridge
Swap onchain
Deposit from bank
Bridge
Swap onchain
Deposit from bank
Bridge
Swap onchain
Deposit from bank
Bridge
Swap onchain
Deposit from bank
Chain
Gnosis
COMING SOON
Chain
BNB Chain
Bridge
COMING SOON
Chain
Solana
Bridge
COMING SOON

The nDEPS Token

Native decentralized EURO  Protocol Share ($nDEPS) is a ERC-20 token on Ethereum mainnet. It represents the Shareholder Token of the decentralized EURO Protocol.
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Swap decentralized EURO and nDEPS
Swap onchain
Deposit from bank

The DEPS Token

DEPS is the wrapped token of nDEPS. Unlike the nDEPS, the DEPS has no veto rights. It represents the Shareholder Token of the decentralized EURO Protocol.
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Bridge
Swap onchain
Deposit from bank
Bridge
Swap onchain
Deposit from bank
Bridge
Swap onchain
Deposit from bank
Chain
Solana
COMING SOON

Q&A

How is the 10% decentralized EURO yield generated?

The 10% annual percentage rate (APR) offered on decentralized EURO savings comes from its overcollateralized lending model, where users lock up volatile crypto assets (such as BTC or ETH) to mint decentralized EURO stablecoins. These locked assets effectively back the issuance and are subject to stability fees or interest, which fund the yield paid to depositors. In this sense, the yield isn’t created “out of thin air,” but comes directly from users who pay to access liquidity via decentralized EURO, similar to how borrowers pay interest in traditional finance.

How does it maintain a euro peg?

decentralized EURO maintains its 1:1 peg to the euro through decentralized collateralization: each decentralized EURO token is backed by crypto assets with a value significantly higher than the value of decentralized EURO in circulation. If collateral values fall, automated liquidation mechanisms ensure the system stays solvent. No centralized entity is responsible for the peg—it is enforced algorithmically through smart contracts and collateral requirements.

How are decentralized EURO stable tokens minted?

decentralized EURO tokens are minted when users deposit supported collateral (e.g., BTC or ETH) into the protocol’s smart contracts. Based on the collateral’s value and required collateralization ratios, users can generate new decentralized EURO tokens, which they can then spend, save, or trade. This process is entirely on-chain and permissionless, meaning anyone can mint decentralized EURO by providing sufficient collateral.

Is the APR only generated for Monero and BTC deposits?

No, the APR itself applies to decentralized EURO holdings within Cake Wallet’s savings module, regardless of which assets users originally deposited to mint decentralized EURO. However, because Cake Wallet primarily supports Monero (XMR) and BTC users, many depositors convert these assets into decentralized EURO to earn the yield. The yield is ultimately funded by borrowers who mint new decentralized EURO, rather than directly by holding Monero or BTC.

What safeguards are in place to prevent depegging events?

decentralized EURO relies on several safeguards:

Overcollateralization: Users must always deposit more value in collateral than the decentralized EURO they mint.

Liquidation mechanisms: If collateral values drop below the required ratio, smart contracts automatically liquidate collateral to cover outstanding decentralized EURO, keeping the system solvent.

Decentralization and transparency: All collateral, debt positions, and liquidations are visible on-chain, so anyone can verify the protocol’s health in real time.

No centralized custodians: Since the system doesn’t rely on a single custodian or oracle, there’s no central point of failure.

In the Spotlight

Die unterschätzte Macht von Stablecoins

faz.net/.../pro-finanzen

Cake Wallet integriert decentralized EURO Stablecoin mit 10 % Rendite auf Sicherheiten

kryptorevolution.de

decentralized EURO: Neue Perspektiven für lokale Krypto-Investoren in der Eurozone

news-krypto.de

decentralized EURO Stablecoin: the new frontiers of decentralized finance

cryptonomist.ch

Cake Wallet onboards decentralized EURO stablecoin, offers 10% yield on collateral

cointelegraph.com

Euro-Stablecoin mit hohen Zinsen: So funktioniert ...

btc-echo.de

Dezentraler Euro-Stablecoin kommt an den Markt ...

börsen-zeitung.de

Europa bekommt seinen Krypto-Euro ...

t-online.de

Latest News & Upcoming Events

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Wallets, Exchanges, Companies

Ecosystem

On- and off-ramps, Apps, Share Tokenization Providers, Bridges and Merchants bring the decentralized EURO ecosystem to life.
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Token Classification
The decentralized EURO is a oracle-free Euro-pegged stablecoin that qualifies as a crypto-asset under MiCA, but due to the lack of a central issuer and its user-driven minting process, key MiCA provisions (Titles II–IV) do not apply. Consequently, no license or white paper is required, although crypto-asset service providers must still comply with their own obligations under MiCA. Legal Classification of decentralized EURO by LEXR Germany Rechtsanwalts GmbH.
Publicly Verifiable

Code Audits

Audited by leading security firms, the security of decentralized EURO is a top priority.

decentralized EURO Bug Bounty

We want the decentralized EURO protocol to be the best it can be, so we’re calling on our community to help us find any bugs or vulnerabilities. Submit a bug here through our community driven bug bounty program on Compass Security.

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