Profile
DEURO profile facts
Decentralized Euro (DEURO) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg Euro.
- Collateral
- WFPS (Wrapped Frankencoin Pool Shares) is the dominant collateral, followed by WBTC and smaller cbBTC, kBTC, and WETH positions in oracle-free overcollateralized vaults; WFPS creates concentrated, reflexive exposure to Frankencoin protocol equity.
- Peg mechanism
- Overcollateralized CDP with automated liquidation; no oracle dependency (same architecture as Frankencoin ZCHF)
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
DEURO quick answers
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What is Decentralized Euro (DEURO)?
DEURO is a decentralized euro stablecoin minted from overcollateralized BTC, ETH, and crypto vaults using a Frankencoin-style oracle-free auction mechanism. The static profile records its Euro peg mechanism as: Overcollateralized CDP with automated liquidation; no oracle dependency (same architecture as Frankencoin ZCHF).
Is DEURO safe?
As of Oct 24, 2026, Pharos grades DEURO C+ (60/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and any holder can use its reviewed redemption route. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs DEURO?
Pharos records DEURO's reserves as of Aug 12, 2026 as 85% WFPS (Wrapped Frankencoin Pool Share), 13.8% WBTC (Wrapped BTC), and 1.2% Other collateral. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Crypto-Collateralized.
Can DEURO be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.
How do you redeem DEURO?
Under the route Pharos reviewed on Aug 12, 2026, any holder can redeem DEURO for a basket of stable assets. Redemption settles atomically on-chain. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
