Supplying EURC
Supplying EURC puts it into the reserve and starts earning the supply rate immediately. It carries no debt and cannot be liquidated — the only friction is liquidity on the way out.
How a supply works
Your EURC joins the reserve and becomes borrowable by anyone posting collateral. In return you receive cEURC, a token representing your share of the pool. Its value rises with the interest borrowers pay — you do not claim rewards, the claim grows on its own.
The rate
The supply APY is variable and tracks utilisation: the more of the reserve is borrowed, the more you earn. It is not voted on and not announced — it is a function of how much is lent out at that block. The gap between what borrowers pay and what you earn is the reserve factor, paid to the Kurate treasury.
Withdrawals
Withdrawing works whenever the reserve holds idle liquidity — that is, whenever utilisation is below 100%. Partial withdrawals are allowed up to the idle balance, so a reserve at 92% utilisation still lets 8% out.
Caps
The reserve accepts deposits up to €5,000 during the POC. The market page shows how much of that cap is taken; once it is full, new deposits are refused until someone withdraws.
Was this page helpful?
Last updated 1 day ago · Kurate