News

Earn a 7% interest with a EURO stable coin and access DeFi through EURxb.finance

Published

5 years ago

March 9, 2021

In the cryptocurrency industry, there is a growing shortage of stablecoins pegged to the Euro. With the help of EURxb, that situation will change for the better. The fact that users earn 7% interest by holding it in their wallets makes it more appealing than traditional tools on the market.

Very Few EUR-Based Stablecoins

Looking at the current cryptocurrency landscape, it is evident that stablecoins are gaining even more traction. As a digital version of fiat currency, these assets offer tremendous potential for entering and exiting cryptocurrency positions. However, most stablecoins are pegged to the US Dollar rather than other fiat currencies.

For example, when it comes to the Euro, only a few options exist on the market today. Assets such as STATIS EURO (EURS), sEUR, and eToro Euro (EURX) are all accessible, but have not been able to match the uptake of their much larger USD-based alternates. Newer stablecoins (including the aforementioned EUR-pegged ones) have not yet been able to offer a great enough differentiator to draw away supporters from the first mover giants in this industry. A missed opportunity, as there is much more one can achieve when re-imagining pegged currency coins.

To take this industry to a whole new level, the EURXb.finance team introduces the world’s largest Euro-based stablecoin. Rather than focusing on just buying cryptocurrencies, this asset has other exciting benefits to explore. Bringing the earning potential of decentralized financial solutions to the mainstream requires access to more financial instruments. With a robust ecosystem to tokenize registered and regulated bonds, the team will explore new options to connect these markets.

Bridging Rather Than Replacing

For years, the main appeal of cryptocurrencies is how they will eventually disrupt traditional finance. Many enthusiasts expect Bitcoin to become the new global reserve currency, even though that may not happen anytime soon. By creating the first open platform to bridge between registered, regulated securities and Ethereum DeFi, the EURxb.finance protocol changes the narrative altogether.

Through this new approach, institutional investors can use their registered investments as collateral for decentralized finance. Doing so unlocks unique benefits, including a fixed 7% annual yield on their holdings. Additionally, it is possible to purchase decentralized finance instruments and vehicles via supported pools and platforms.

Giving institutional investors a way of engaging with DeFi creates a more inclusive ecosystem. Investors in the supported securities can put their ISIN-registered vehicles to good use. EURXb.finance takes the standard 75% debt to asset over-collateralization management principle and tokenizes it to create a parallel of the bond on Ethereum. The tokenization of underlying assets through the ERC-721 standard ensures everyone can track the details of every token, and EURxb.finance’s protocol locks these tokens in smart contracts to create Eurxb Bond Tokens (EBND).

How Does It Work?

The EURxb ERC20 token is issued on the Ethereum blockchain and accrues real-time interest by keeping it in one’s wallet. Per year, hodlers can expect a return of 7%, which is far beyond traditional cheque or savings account options today – which is what a stablecoin could compare to. Every EURxb is collateralized by green bonds, which will adhere to the ISIN Registered Secured Bond standard which means every Bond NFT is overcollateralized by 133% in tokenized real-world assets as security.

To ensure the flat 7% annual yield, EURxb.finance relies on Euro-denominated Secured Green Bonds issued by Miris AS. Every bond provides a fixed yearly yield of 7%, which translates to the same EURxb tokens ratio.

To ensure decentralised control, an XBE governance token will be split to market makers across Uniswap and Balancer during the launch event. With 4 pools accessible to market makers during the first seven days of launching, every pool will represent an equal share of 3,000 XBE. Users will be rewarded based on their share per pool. On Day 2 the project already reported $2.7 million in liquidity across the launch pools, confirming initial interest from the market.

These 12,000 tokens (of the 15,000 total tokens issued – 3,000 being locked up for the community to use as treasury and further the project) are distributed to the community through the liquidity event to use as they see fit. Holders of XBE can manage and govern the EURxb protocol. Furthermore, token holders will decide how the planned Vault fees are allocated. Unlike speculative governance tokens, the team behind the launch have stated XBE will have no value.

Closing Thoughts

It is evident that the appeal of DeFi in its current shape mainly caters to existing cryptocurrency users and enthusiasts. Attracting traditional investors will require institutional-oriented solutions. EURxb.finance provides exactly that: it lowers the entry barriers by using regulated portals and conventional assets. There is no reason for DeFi and traditional securities not to co-exist.

By leveraging the best of both worlds, the team can establish a bridge between finance and DeFi. More importantly, this approach has a broader international appeal due to its Euro-based process. Combined with the 7% annual yield, securities investors have multiple reasons to diversify their portfolios even further.

Crypto

US Soldier Charged Over $400K Polymarket Bet on Maduro’s Capture

Published

6 days ago

April 24, 2026

Victor Smith

A US Army soldier is facing serious criminal charges after allegedly using classified military information to profit from bets placed on a prediction market platform.

Insider Knowledge Used for Betting

According to the US Department of Justice, Master Sergeant Gannon Ken Van Dyke was involved in planning and executing a military operation that led to the capture of Nicolás Maduro in January.

Prosecutors allege that Van Dyke used this insider knowledge to place bets on Polymarket, including contracts tied to:

Maduro being removed from power
Potential US military actions in Venezuela

Authorities say he placed multiple bets before the operation became public and ultimately made more than $400,000 in profit.

Attempt to Cover Tracks

Investigators claim Van Dyke took steps to conceal his actions, including:

Requesting Polymarket to delete his account
Moving funds through cryptocurrency channels
Changing account details to obscure his identity

He allegedly transferred a large portion of his profits to external accounts before converting them into traditional financial assets.

Charges and Legal Consequences

Van Dyke now faces multiple charges, including:

Wire fraud
Commodities fraud
Theft of government information
Unlawful use of confidential information

Some of these charges carry potential prison sentences of up to decades, reflecting the severity of using classified intelligence for personal gain.

First Major Insider Trading Case in Prediction Markets

Officials say this may be the first major US case of insider trading linked to a prediction market, marking a turning point for regulation in this emerging sector.

The Commodity Futures Trading Commission has also taken action, highlighting concerns about how easily confidential information can be monetized through such platforms.

Polymarket Responds

Polymarket stated that it detected suspicious activity tied to the case and cooperated with authorities.

The platform emphasized that:

Insider trading is not tolerated
Monitoring systems are in place to detect misuse
The case demonstrates enforcement mechanisms are working

Broader Concerns Around Prediction Markets

The incident has intensified scrutiny of prediction markets, which allow users to bet on real-world events.

While these platforms have gained popularity, critics argue they may:

Enable trading on non-public or sensitive information
Create ethical concerns around betting on geopolitical or military events
Require stronger regulatory oversight

A Warning for the Industry

The case underscores a growing risk as financial innovation intersects with sensitive information.

Authorities made it clear that:

Using classified data for profit is illegal, regardless of the platform
Blockchain-based or decentralized systems do not provide immunity
Enforcement is catching up with new financial technologies

Blockchain

LayerZero Blames Kelp Setup for $290M Exploit as Aave Fallout Deepens

Published

1 week ago

April 22, 2026

Victor Smith

The fallout from the recent Kelp DAO exploit continues to ripple across the crypto ecosystem, with LayerZero pointing to a flawed system setup as the root cause of the attack.

Single Point of Failure Led to Exploit

LayerZero said the breach stemmed from how Kelp DAO configured its decentralized verifier network (DVN).

The attacker drained roughly 116,500 rsETH, valued at nearly $293 million, from Kelp’s LayerZero-powered bridge.

According to LayerZero:

Kelp relied on a 1/1 DVN setup, meaning only one verifier was used
This created a single point of failure
Prior recommendations to diversify verifiers were not followed

As a result, the attacker was able to exploit the system without needing to bypass multiple verification layers.

LayerZero Distances Itself

LayerZero stressed that the issue was not a flaw in its protocol, but rather how Kelp implemented it.

The company is now:

Urging all projects to adopt multi-DVN configurations
Warning it may stop supporting apps that continue using single-verifier setups

Aave Hit With $195M in Bad Debt

The impact quickly spread to Aave, where the attacker used stolen assets as collateral to borrow funds.

This led to:

Around $195 million in bad debt
A sharp drop in Aave’s total value locked
Billions withdrawn by users amid rising concerns

Liquidity issues have also emerged, especially around Ether-based lending pools.

Liquidity Risks Raise Alarm

Reduced liquidity on Aave is now creating additional risks.

Analysts warn that:

Markets are nearing 100% utilization
A 15% to 20% drop in Ether price could trigger further instability
Liquidations may fail under current conditions

To limit further damage, Aave has frozen rsETH markets across its platforms.

Who Covers the Losses?

With no clear recovery plan, debate has intensified over who should absorb the losses.

Suggestions from industry figures include:

Negotiating with the attacker for a partial return of funds
Using ecosystem funds to cover losses
Spreading losses across users
Attempting a rollback to pre-hack balances

Each option carries trade-offs, and no consensus has emerged.

Broader Implications for DeFi

The incident highlights how interconnected DeFi protocols can amplify risk.

A vulnerability in one protocol can quickly:

Spill into lending markets
Trigger liquidity crises
Impact multiple platforms simultaneously

Security Practices Under Scrutiny

LayerZero’s criticism of Kelp’s setup underscores a key lesson: security configurations matter as much as the underlying technology.

As protocols grow more complex, ensuring robust multi-layer verification systems may become essential to preventing similar exploits.

Crypto

US Admiral Says Bitcoin Could Strengthen National Security and Cyberpower

Published

1 week ago

April 22, 2026

Victor Smith

A senior US military official has highlighted Bitcoin’s strategic potential, arguing that its value goes far beyond finance and into the realm of cybersecurity and national defense.

Bitcoin Seen as a Strategic Technology

US Navy Admiral Samuel Paparo described Bitcoin as a “valuable computer science tool” during a Senate Armed Services Committee hearing.

Paparo said Bitcoin’s underlying proof-of-work (PoW) system plays a key role in strengthening cybersecurity by making attacks more costly and difficult to execute.

He emphasized that:

Bitcoin is not just a financial asset
Its architecture can support broader security applications
It contributes to what he called US “power projection”

Beyond Money: Cybersecurity Applications

According to Paparo, Bitcoin’s PoW mechanism introduces computational costs that act as a deterrent to malicious actors.

This model could potentially be applied to:

Securing sensitive data
Protecting communication systems
Strengthening digital infrastructure

The idea is that systems built on similar principles could make cyberattacks more resource-intensive and less effective.

Echoing Earlier Military Views

Paparo’s comments align with earlier statements from Jason Lowery, who has argued that Bitcoin’s architecture could be used to secure not just money, but also:

Messages
Command signals
Critical data systems

Lowery has previously warned that focusing only on Bitcoin’s financial use underestimates its broader strategic importance.

Rising Cyber Threats Drive Interest

The discussion comes as cyber warfare becomes an increasingly important part of global conflict.

State-linked groups, including North Korea’s Lazarus Group, have:

Stolen billions in crypto
Used ransomware and phishing attacks
Targeted financial and infrastructure systems

These threats are pushing governments to explore new defensive technologies, including blockchain-based solutions.

Bitcoin’s Role in US Strategy

Paparo described Bitcoin as a “peer-to-peer, zero-trust system”, suggesting it aligns with modern cybersecurity principles.

While he did not directly address policy questions raised during the hearing, he noted that technologies supporting US national power are inherently valuable.

Policy Momentum Building in Washington

The growing strategic interest in Bitcoin is also influencing legislation.

US Senators Cynthia Lummis and Bill Cassidy recently introduced the Mined in America Act, which aims to:

Boost domestic Bitcoin mining infrastructure
Reduce reliance on foreign hardware
Strengthen supply chain security

The proposal also ties into broader efforts to formalize a US Strategic Bitcoin Reserve.

A Shift in How Bitcoin Is Viewed

Bitcoin is increasingly being seen not just as a digital asset, but as a strategic technology with implications for national security.

As governments continue to assess its potential, its role may expand into areas like cybersecurity, defense infrastructure, and geopolitical strategy.