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# Gnosis Euro Lite-paper
GEURO: €1.00 Euro pegged Liquity-V2 fork on Gnosis Chain, built and operated by Raid Guild.
## Overview
With the growth of Gnosis Pay and the recent weakness of USD there is demand for more Euro-centric stablecoins and defi applications. GEURO is a Euro pegged CDP stablecoin on Gnosis using Liquity V2.
## Unique Gnosis-Native Features
Backed by ETH, BTC, and Gnosis native assets like RWA’s issued on Gnosis Chain, GNO, and staked GNO.
GNO delegation: Ability to borrow stablecoins against GNO while the tokens are also delegated and used in governance.
Governance control over debt limits, collateral types, and a portion of protocol revenue.
## Natively Yield Bearing
Borrowers deposit collateral and can choose their own interest rate to pay for borrowing as a fee. The rate can be updated at any time, allowing flexible but fixed rate positions. 75% of the interest generated from borrowing fees goes to stablecoin holders to make the stablecoin natively yield bearing. 100% of liquidation fees go to stablecoin holders through a Stability Pool. The remaining 25% of borrowing fees are directed by Governance, in order to incentivize LP pools using the stablecoin or for other initiatives.
## Redemptions
One gEURO token is always redeemable for €1.00 worth of ETH or other backing tokens. Whichever debt position on the protocol is paying the lowest interest rate is used to process redemptions, minus a small variable redemption fee. This creates a hard peg for the asset at €1.00, while also compensating users whose debt is paid back and collateral withdrawn during the redemption.
## About Raid Guild
We are RaidGuild — the premier Web3-native design and dev collective. Forged in the fires of Meta Cartel, we’ve been shipping smart contract infrastructure, protocol interfaces, and DAO tooling since 2019. As a decentralized collective of engineers, designers, and operators, we’ve contributed to dozens of foundational Web3 projects across Ethereum and beyond. Raid Guild even built the original Omni-bridge for xDAI years ago.
This stablecoin protocol is not just a product — it’s part of our commitment to composable, community-owned financial primitives. Raid Guild is also seeking to own and operate more projects and protocols, rather than just build them for external clients. This is a long term strategy and commitment for the Guild.
RaidGuild.org
## Ask to Gnosis DAO
- Support development with a $50k USD total grant to Raid Guild, delivered over 3 months, which will be used to cover the cost of a security audit. RaidGuild covers all remaining development, design, deployment, and maintenance costs.
- A handshake agreement to support with $5M USD worth of initial liquidity deposited in the protocol.
- A handshake agreement to add more liquidity as we scale up successfully, and integrate with other core products in Gnosis’s strategy like Gnosis Pay, RWAs, and Circles.
## Benefits to Gnosis DAO
- A commitment of at least 15% of any future governance tokens created related to the stablecoin protocol sent directly to the Gnosis DAO treasury.
- A native yield bearing CDP stablecoin on Gnosis Chain, with the goal of growing it to $25M TVL over the next 18 months.
## Timeline
The license to deploy Liquity V2 on Gnosis is already secured. We estimate a 3-month delivery window from greenlight to audited mainnet launch, including:
Protocol feature finalization and Solidity work
Smart contract audit and testnet deployment
Frontend, docs, and ecosystem integrations
Mainnet launch and marketing rollout