Popcorn explores e-Money’s suite of European Stablecoins
e-Money continues to expand its foray in the decentralized finance (DeFi) ecosystem. Hence we are pleased to share that e-Money has partnered with Popcorn, a DeFi project with an eco-friendly paradigm, where users can earn high yields on crypto-assets while creating a real-world impact. This collaboration also offers e-Money users exposure to new and emerging projects that have a social cause baked into their protocol.
What does the partnership entail?
This collaboration between e-Money and Popcorn is designed to introduce e-Money’s suite of European stablecoins such as EEUR, ECHF, ENOK, ESEK, and EDKK to Popcorn’s asset strategies, as well as introduce both ecosystems to their respective communities.
Popcorn will enable users to potentially deposit e-Money’s fully compliant, asset-backed stablecoins into their protocol and earn competitive returns while earmarking a portion of their profits towards philanthropic and cause-based initiatives.
This also allows Popcorn to leverage e-Money’s network and market its products and services to a wider audience and expand its popularity in the European market.
Popcorn’s added benefit is that it offsets carbon emissions by providing automated contributions to a portfolio of reforestation and carbon sequestration projects at a negligible cost to the user. By virtue of transacting on Popcorn and generating high yield, users will be creating a positive environmental impact.
About e-Money
The e-Money protocol is built for the issuance of a range of interest-bearing currency-backed stablecoins reflecting various world currencies. Each token is backed by a reserve of assets denominated in its underlying currency. e-Money currently supports the Euro (EUR), Swiss Franc (CHF), Swedish Krona (SEK), Norwegian Krone (NOK), and the Danish Krone (DKK) with a host of additional currencies pegged for release throughout the year. The project is dedicated to total transparency with quarterly reserve audits performed by Ernst & Young.
Unlike most existing stablecoins which aim to maintain a static 1:1 peg with their underlying assets, the value of e-Money’s currency-backed tokens continually shifts in line with the interest accrued on the reserve assets. This means that holders benefit from the interest accrued on their assets while they sit securely in your wallet. The e-Money blockchain supports instant payments at scale and includes a DEX for easy conversion between currencies. e-Money has already integrated with Ethereum and expects to integrate with Binance Smart Chain, Cosmos Hub, Avalanche, Polygon, and Elrond in 2021.
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About Popcorn
Popcorn is a new eco-friendly paradigm for DeFi, where users can earn high yields on their crypto assets while creating real-world impact. Protocol fees are distributed not only to POP Token holders but to impact initiatives selected by the community.
The amount of wealth created in DeFi within 1 year is staggering. Surprisingly, there are close to zero protocols that allocate a percentage of revenue towards social impact. Blue-chip centralized exchanges such as Binance and FTX donate to charitable organizations, however, total earmarked funds thus far are microscopic compared to the $ billions in daily volume.
Smart contracts present the opportunity to bake social good into DeFi by contributing a substantial percentage of fees to create impact. This is why we created Popcorn. We believe in doing good with DeFi.
