The goal is to test the demand for a highly liquid pool of Euro stablecoins, with the second Euro stablecoin being provided by the crypto-enabler platform STASIS. This incentive will run for six weeks and went live on Tuesday, January 12, 5:30am (UTC). The SNX will be provided by the synthetixDAO, and will offer 8000 SNX per week.
This pool represents a major step for bridging DeFi and forex, allowing liquid trades between EURS and sEUR and enabling Euro holders to enter the burgeoning DeFi ecosystem more smoothly than ever before.
How it works
To participate in the incentive, head to the Curve sEUR deposit interface and select “Deposit and stake in Gauge.” Once this has been completed, SNX and CRV rewards will be able to be claimed on Curve.
If you have any questions about sEUR, please come join the Synthetix Discord. For more information about STASIS, you can check out their website or follow them on Telegram and Twitter to get the latest updates.