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Aave supports EURC on Base.
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Superstate expands Industry Council.
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Obol DAO approves staking rewards.
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Swell integrates Obol DVs.
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EURC, Circle’s Euro-pegged stablecoin, is now available on the Aave V3 Base market. Users can deposit EURC as collateral to borrow assets such as ETH, cbBTC, wstETH, cbETH, USDC, and GHO. The market has an initial supply cap of 4.2 million EURC, a borrow cap of 3.8 million EURC, and a loan-to-value (LTV) ratio of 75%. Issued by Circle France, EURC is compliant with Europe’s Markets in Crypto Assets (MiCA) regulation. Retail users can also access EURC on Coinbase for on- and off-ramping. Currently, EURC has a market cap of $140 million compared to USDC’s $58 billion market cap.
Obol governance approved a proposal to enable staking for the OBOL token. Users will soon be able to stake OBOL for stOBOL, a liquid staked token that earns rewards while maintaining governance power in the DAO. The implementation uses Tally Liquid Staked Token (tLSTs) smart contracts. A total of 0.33% of the total OBOL token supply will be distributed as staking rewards over the next six months. Users can also use stOBOL in DeFi while earning staking rewards. Obol governance has also approved a proposal to enable token transferability.
Superstate Expands Industry Council
Superstate, a tokenized fund focused on Real World Assets (RWA), expanded the Superstate Industry Council with 20 new members, including Omni Network, Frax, and Euler. The members bring expertise in trading, custody, lending, stablecoins, and infrastructure. The council plays a role in advancing Superstate’s product roadmap by bridging traditional capital markets with onchain. Steakhouse Financial also launched a USDC RWA Vault on Morpho using USCC as collateral. USCC is Superstate’s tokenized crypto cash-and-carry fund, which holds over $85 million in AUM.
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