Find your ideal EURS Staking Provider in 2 Steps
Learn about STASIS EURO Staking
Can I stake EURS?
EURS is not a token that can be typically staked like some PoS cryptocurrencies. EURS is a stablecoin pegged to the value of the Euro, and its primary purpose is to provide stability and liquidity in the cryptocurrency market. However, there are platforms that allow users to earn rewards or interest by depositing EURS. Here are some potential ways to generate additional rewards with EURS:
Custodial Staking: Custodial services offer staking pools for EURS where users can contribute their token holdings. While this isn't technically staking in the traditional sense, it allows EURS holders to earn rewards. This approach allows EURS holders to earn rewards without a standard staking mechanism.
Provide Liquidity: One of the ways to earn rewards with EURS tokens is by providing liquidity on decentralized exchanges. When users provide liquidity, they earn a share of the trading fees generated by the pool. This is known as liquidity mining or liquidity provision.
How are the rewards generated?
The potential earnings from staking or providing liquidity with EURS tokens can vary based on several factors, including the amount of EURS deposited, the duration of the staking period, the prevailing market conditions, and the specific yield mechanism or platform used.
Custodial Staking: Centralized third-party providers mostly utilize strategies where assets from each plan and type are consolidated and allocated for yield in various on-chain opportunities. Some of the avenues for yield generation are mining, staking, liquid staking, proprietary market-neutral algorithmic trading, and collateralized on-platform lending.
Provide Liquidity: Users can supply EURS tokens in a liquidity pool and earn a percentage of the fees paid by DEX users. The rewards are influenced by the size of the particular liquidity pool, the share of that pool, and popularity among users.
What are the risks to staking/LP EURS?
Platform Risk: DeFi platforms are targets for hackers, and a successful attack could result in a significant loss of staked assets. Additionally, technical issues, operational failures, or platform downtime can affect access to funds and the ability to earn rewards.
Counterparty Risk: Ensure the platform you choose is reputable and secure. There is a custodial risk associated with depositing into a custodial provider.
Impermanent Loss: It occurs when providing liquidity to pools, as the value of the tokens in the pool can change relative to holding them individually. Although TUSD is a stablecoin, which reduces the potential risk, pairing it with a volatile token can lead to potential losses despite its stable nature.
Smart Contract Risk: Depositing EURS into DeFi platforms involves interacting with smart contracts, which are susceptible to bugs and vulnerabilities that could be exploited by malicious actors, leading to the potential loss of funds.
What is STASIS EURO?
EURS token is a virtual financial asset that is designed to digitally mirror the EURO on the condition that its value is tied to the value of its collateral.
The EURS stablecoin combines the benefits of blockchain technology with the reputation and relative stability of the euro.
Most cryptocurrency holders are subject to significant volatility and counterparty risk. EURS mitigates these risks by letting users hold a stable digital asset, transparently backed by euro reserves.
Who is the Team behind STASIS EURO?
A few core team members of STASIS include:
Gregory Klumov – CEO
Joy Mullappally – Creative Director at STASIS
Daria Shalmina – Head Of Research at STASIS
Sandu Gisca – Senior Community Manager at STASIS
How was STASIS EURO launched?
STASIS is backed up by a team of cryptocurrency pioneers, quantitative experts, serial entrepreneurs and financial professionals that provide the synergetic background to stable coin platform. Anatoliy Knyazev, CTO at STASIS, is a co-founder of Bitcoin Fund that was set up in 2012, the world’s first ever legal entity securitizing digital assets and the best ever YoY performing fund, according to Bloomberg. This unique set of skills has enabled STASIS to collaborate with the government of Malta since 2011. The team has also been involved in the development of AIFC, an international financial hub in Kazakhstan. Gregory Klumov, CEO and founder of STASIS, is a recognized asset manager, specializing in setting up of alternative investment financial strategies.
