Angle Staked EURA Price(STEUR)

Angle Staked EURA, known as stEUR, is a yield-bearing token within the Angle Protocol ecosystem. It represents a staked version of EURA, which is a decentralized stablecoin pegged to the value of the Euro (€). EURA was formerly known as agEUR, and its rebranding on March 14, 2024, did not change its underlying token contracts or functionality. The Angle Protocol, launched in November 2021 by Angle Labs, aims to issue stablecoins that maintain their peg to various fiat currencies. Its flagship stablecoin is EURA, which can be deployed on networks like Ethereum, Polygon, and Optimism. The protocol is designed to be open-source, capital-efficient, and over-collateralized, allowing users to mint and burn stablecoins at a 1:1 rate against accepted crypto assets used as collateral. EURA maintains its peg through mechanisms like oracle-based convertibility and risk-hedged collateral, operating as a fully on-chain and over-collateralized asset governed by the Angle DAO. stEUR is an ERC-20 token that earns a native Euro yield paid in EURA. This means that while the value of 1 stEUR is not fixed at 1€, its value increases over time as yield continuously accrues to it. The yield generated by stEUR comes from the assets held by the Angle Protocol across its different minting modules, including interest rates paid by EURA borrowers and yield-bearing assets in reserve. Users can deposit EURA to receive stEUR tokens, which are freely transferable and can be redeemed for an ever-growing amount of EURA. There are no protocol fees for depositing or withdrawing from the stEUR contract, and withdrawals can be performed at any time without lock-ups. stEUR is designed to be composable, allowing it to be used across the broader decentralized finance (DeFi) ecosystem. It is available on multiple blockchain networks, including Ethereum, Gnosis Chain, and Arbitrum One. Staking EURA or USDA in Angle's savings protocol issues stEUR or stUSD tokens, with rewards accruing via a pricePerShare parameter. Learn more

Looking to buy How to buy STEUR? The process is simple and hassle-free! You can easily purchase STEUR on LBank by following our step-by-step buying guide. We provide detailed instructions and video tutorials showing how to register on LBank and use various convenient payment options.

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