Decentralized Euro

Forked from Frankencoin, the largest Swiss-franc stablecoin, dEURO carries that oracle-free design over to the euro. New tokens are created when users lock crypto collateral such as wrapped Bitcoin or Ether and borrow against it at interest, keeping the position over-collateralized rather than relying on price oracles that can be gamed. The euro peg is held by that lending machinery, and holders redeem by repaying loans to unlock collateral through the protocol, not by claiming fiat from an issuer. Interest paid by borrowers funds a savings rate for those who lock their dEURO, which is where the yield comes from. It lives on Ethereum and several layer-2 networks. In a field where most euro tokens are fiat-backed and centrally issued, dEURO is one of the few attempts at a genuinely decentralized euro, and it remains small.