How EURxb Transforms DeFi Market
The DeFi market is growing at an unprecedented speed! Just earlier this year DeFi wasn’t considered too special, and analysts weren’t sure if the market will continue the uptrend, but 2021 saw an even bigger surge!
Today the ecosystem’s total value locked (TVL) rose to $44.88B and almost reached its all-time high of $45B, which was notched for the first time ever around this time last month. This is truly amazing — every day the DeFi market sees a dozen new projects ranging from investments to risk hedging, etc. However, EURxb is a unique one, and in a lot of ways it changes the way people look at DeFi.
We have already talked about how EURxb is, in some sense, a bridge between the traditional finance market and DeFi. Our project got the best from both worlds! The EURxb token is a real-world implementation of bonds on the blockchain, providing tangible benefits to the issuer, buyers and holders.
Bonds are usually considered as an alternative to bank deposits, and generally pays much better interest returns than cash deposits — making it more lucrative for companies to use for savings, which is not surprising. In our case, however, we use it as a transparent and reliable income-generating reserve asset, in essence you can think of the EURxb as a stablecoin collateralised by tokenised ISIN registered securities (minted in accordance with the EURxb protocol).
The EURxb.finance protocol allows tokenizing a certain standard of existing securities, allowing institutional investors to access Decentralized Finance (DeFi) and blockchain-based financial tools through securities. Each EURxb token is backed by tokenized ISIN registered securities (EBND NFT) which are themselves backed at a 4:3 ratio with real-world assets in accordance with the ISIN Secured Bond classification standard. This way EURxb holders can get returns on their tokens as if they were bonds — 7% APY!
There haven’t yet been anything like this on the DeFi market, and we want these opportunities to be available to the maximum number of investors who previously had no access to DeFi due to regulations and restrictions! EURxb lets you get into DeFi using traditional financial instruments!
