How EURxb is bringing institutional capital to DeFi

How EURxb is bringing institutional capital to DeFi

However, there is still a lot that needs to be improved upon for DeFi to achieve mainstream adoption. This is why projects like EURxb.finance are introducing innovations potent enough to bring DeFi to a broader market. The question is: How has EURxb.finance attempted to eliminate the DeFi growth barrier and is it working?

This notion summarizes the business principle of EURxb.finance and explains why it has adopted regulated investment instruments as the bedrock of its offerings. The project aims to strip DeFi of the uncertainties that might make it unattractive beyond the crypto world. To this end, it has developed a functioning system in the form of a stablecoin that combines DeFi and traditional finance components to great effect. The goal is not to dilute the essence of decentralization but to foster it by materializing the financial inclusiveness that DeFi promises.

The project collateralized non-fungible tokens representing the bonds issued by MIRIS AS, a sustainable real estate developer in Norway, to mint EURxb. Therefore, holders are not just holding on to mathematically-backed tokens but are also assured of the tangibility associated with regulated securities. So, there is a sense of assuredness when using or holding EURxb since it features elements of compliance. This design also makes EURxb the suitable DeFi gateway for institutional investors.

EURxb provides additional economic value to holders in the form of a fixed 7% annual interest, even though it is a stablecoin. In other words, you automatically accrue the interest generated by the underlying green bonds when you hold EURxb. Besides, you can use EURxb to invest in other DeFi tokens or access earning protocols, and in the process earn extra income.

Remarkably, EURxb.finance did not leave out the core fundamentals of decentralization in its quest to establish a regulated DeFi portal. EURxb and its underlying assets are verifiable and protected by cryptography-based security found on the Ethereum blockchain. It also features on-chain governance powered by XBE token and distributes voting rights to users. As such, you automatically become a stakeholder in the governance of the project when you hold XBE. These functionalities give credence to EURxb’s community-based ecosystem and the DeFi opportunities it provides to mainstream investors.

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