CryptoCurrencies
17028
Exchanges
500
Total Market Cap
3,546,272,654,088
Volume 24h
158,696,131,689
Dominance
BTC 59.70%   ETH 8.64%   USDT 4.28%   XRP 3.88%

Native Decentralized Euro Protocol Share
NDEPS

0.4072
$
0.00 %
Change 24h
Market Cap
$ 10,924,179
Volume 24h
$ 204.03
Circulating Supply
26,827,919
Total Supply
26,825,222
NDEPS
$
# Exchange Pair Price Volume 24h

Description

Native Decentralized Euro Protocol Shares (nDEPS) are the governance token of the Decentralized Euro (dEURO) system. Anyone can obtain newly minted nDEPS by providing equity capital to the system and later return them to reclaim their share of capital. nDEPS holders benefit from the earned fees and liquidation profits, but they are also the ones who bear the residual risk of liquidations, similar to the shareholders of a bank. Therefore, nDEPS holders have an incentive to grow the system and ensure its stability. The governance process is veto-based: anyone can propose new types of collateral or even completely new methods to bring dEURO into circulation, but just 2% of the voting power is sufficient to veto such proposals.