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    AAVE positions in Euro stablecoins around July 13th

    On July 13th, for the first time in 20 years the Euro reached 1:1 parity with the U.S. dollar. In this dashboard, we will look into the hourly positions of AAVE supply and borrow of Euro stablecoins before and after July 13th.

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    Technical Notes

    • STASIS EURS contract address: 0xe111178a87a3bff0c8d18decba5798827539ae99
    • aEURS Token V3 contract address: 0x38d693ce1df5aadf7bc62595a37d667ad57922e5

    References

    (1) Proposal: Add Support for STASIS EURO (EURS) -

    (2) STATIS sellback service -

    About STASIS EURS

    • EURS tokens are backed 1-1 with EURO FIAT held in the STATIS’s reserve accounts
    • Users can exchange EURS for EURO FIAT via STATIS sellback service

    Observations

    • Spike in EUR supply on July 13th, reaching a peak of more than 30k EUR supplied in an hour while EUR borrowed remains the same
    • With the exception of the spike in supply on July 13, overall EUR supply/borrow volume on AAVE v3 (Polygon) is very low