Navigating EUROs Stability: Updates and Strategies
In response to the recent challenges surrounding EUROs depegging, we want to keep you informed about the proactive steps we’re taking to re-establish stability. Your insights are invaluable, and we welcome your thoughts on the strategies we’re considering.
Adjusting Fees for Vaults: To promote debt repayment and community participation, we’ve eliminated the 0.5% fee for repaying vaults and adjusted the minting fee from 0.5% to 2%. This fee will become variable, subject to regular community votes, ensuring transparency and collective decision-making.
One-Sided Liquidity Incentive Program: In the pipeline is a unique liquidity incentive program rewarding users for adding liquidity at the FX rate. This approach aims to concentrate liquidity more effectively and correct any misplaced liquidity provisioning.
Launching Liquidation Pools: We’re set to introduce liquidation pools where staking TST and EUROs will provide stability, incentivize participation, and allow users to purchase liquidated vaults at a discount. This will go live in 2–3 weeks after completing the new audit.
EUROs Staking Contract: Exploring a EUROs staking contract to reward users contributing to the stablecoin’s stability and utility, driving increased demand.
Auto Payback Loans with Collateral Adjustment: Considering an automatic loan repayment feature using collateral to counter EUROs slippage below a certain percentage. This ensures vault owners benefit and adds buying pressure during slippages.
Incentivizing Liquidity Post-Repeg: Post re-peg, brainstorming effective methods to incentivize liquidity in the DEX for maintaining stability.
Your feedback is crucial in shaping our approach and priorities. Which measures do you think we should prioritize, and in what order? Your insights guide us forward.
Thank you for your unwavering support. Together, we’ll overcome these challenges and emerge stronger.
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