Odaily Planet Daily News The decentralized stablecoin protocol Angle Protocol recently announced the launch of stEUR on Ethereum, a euro savings solution primarily powered by the real world assets (RWA) owned by the protocol in the agEUR reserve. The initial yield is set at 4%, paid in euros, but will be updated periodically based on contract usage.
The core idea of stEUR is that the protocol can automatically distribute a portion of its earnings to agEUR holders. Additionally, stEUR charges no upfront fees, no deposit or withdrawal fees, and no lock-in or minimum deposit requirements. Users can earn stEUR and earn euro savings by staking agEUR in smart contracts on Ethereum.