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  1. Stablecoin Yield
  2. Stablecoin Yield Vaults
  3. Money Market Fund Vaults

Flexible Term EURC Vault

Flexible term, variable rate on-chain loans fully secured by EUR Money Market Funds and EUR Sovereign Bonds

PreviousWithdrawalsNextInterest Rate & Fees

Last updated 22 days ago

Summary

The flexible term EURC Vault aims to provide lenders with the risk free rate of return for EUR. It's collateral portfolio consists exclusively of highly liquid Euro sovereign bonds and EUR Money Market Funds.

Interest accrues and compounds daily and lenders can move in and out at anytime. Withdrawals made before the cut off time are repaid same day, typically within 6 hours.

Vault
Details

Vault Name

Flexible Term EURC Vault

Token Symbol

XEVT

Protocol Version

5.0

Eligible Collateral

EUR Money Market Funds (Fidelity), EUR sovereign bonds

Stablecoins Accepted

EURC

Networks Supported

Avalanche, Ethereum

Investments

Anytime, minted immediately

Withdrawals

Anytime, repaid T+0 if made before cut-off time

Minimum Investment

100

Term / Lockup

None

Fees

50 bps per annum, deducted from the gross yield generated on the underlying collateral

Interest Accrual

Lenders earn a (โ€œLoan Fee Rateโ€) which is benchmarked to the Yield curve spot rate, 3-month maturity - Government bond, nominal, all issuers whose rating is triple A - Euro Area an index published by the European Central Bank. Principal and interest compounds daily.

Exchange Rate Method

Reference price set by Investment Advisor each day at 23:59 GMT. Exchange rate increases each day to reflect daily interest accrual.

Legal Structure

Leverages the same institutional grade , , and as our other OpenTrade Treasury Management & Yield Product.

๐Ÿ’ธ
๐Ÿฆ
๐Ÿ’ถ
vault tokens
variable interest rate
legal framework
bankruptcy remote structure
regulated service providers and counter-parties