Árni Guðjónsson

CPO @monerium and make music in Kakali

[Monerium @monerium]

Most people think platforms like @Wise give the best rates when swapping large amounts of dollars to euros. But that’s not always true.

This quick side-by-side shows what actually happens when you compare Wise to swapping USDC to $EURe on @CoWSwap .

Not only do you get more euros onchain, you get them instantly, straight to your wallet, without any friction!

[Scroll @Scroll_ZKP]

Europe has been using repackaged dollar stablecoins for too long.

@gislik from @monerium explains how EURe brings native Euros onchain with:

> SEPA rails
> real bank integrations
> zero regulatory grey area

Timestamps:
00:00 - Intro and Monerium origins
02:45 - What is a stablecoin
04:58 - Becoming a regulated issuer
07:10 - E-money vs crypto
09:23 - web3 IBANs + payments
11:41 - How minting and burning works
14:00 - Biggest use cases for EURe
16:20 - Crypto adoption in Europe
18:45 - Regulatory pushback on USD coins
21:00 - Why Euro stablecoins?
24:10 - Integrating with Gnosis Pay
27:00 - Lessons from Iceland’s banking crisis
30:15 - What’s next for Monerium

[Árni Guðjónsson @arnigudj]

@BlockchainBrea2 @monerium @arbitrum 🫢🔥

[Árni Guðjónsson @arnigudj]

@BlockchainBrea2 @monerium @arbitrum It’s at 25% right now, and the CRV incentives will add on to that tomorrow, so pretty high APR this week and will continue for a few months

[Árni Guðjónsson @arnigudj]

@defidegen22 @monerium @arbitrum Yes 100% agree, we’re getting there one step at a time. Next steps is getting DEX TVL to at least $2m, then EURe as colleteral on Aave, then getting EURe natively supported in all DeFi protocols

[Árni Guðjónsson @arnigudj]

@defidegen22 @monerium @arbitrum What platforms on Arbitrum do you have in mind for perps? Not sure I follow, we do support Noble (cosmos) so you can easily send EURe to Noble, swap to USDC and use on dydx.

[Árni Guðjónsson @arnigudj]

@RudyLyma @monerium @arbitrum The idea is to get you as close to DeFi as possible, i.e. your wallet, and allow you to receive and send euros directly with any bank account for free and in your name. This means you don’t need an external bank account. From there, you swap the EUR with anything in DeFi.

[Árni Guðjónsson @arnigudj]

@defidegen22 @monerium @arbitrum I would say it already possesses some capabilities that the EURC lacks.

[Árni Guðjónsson @arnigudj]

@defidegen22 @monerium @arbitrum Well, you get an IBAN, that allows you to receive and send euros directly between your wallet and any bank for free, as in no fees. The plan is to get the EURe on Aave there also. On top of that we have a lot of use cases now integrating so more to come

[Árni Guðjónsson @arnigudj]

@roinevirta @gislik @joakimhi @monerium @arbitrum @Uniswap @StakeDAOHQ That is true

[Árni Guðjónsson @arnigudj]

@roinevirta @gislik @joakimhi @monerium @arbitrum It has been difficult to get any new tokens listed on @Uniswap (at least in the past) without the warning signs and logo missing. Has that changed?

Curve has parameters for unpegged assets, it's easy to set up, the team is great, and we've been trying out @StakeDAOHQ votemarket

[Árni Guðjónsson @arnigudj]

@gislik @joakimhi @monerium @arbitrum Joakim, if not Curve, then what?

[Árni Guðjónsson @arnigudj]

@pierredelasalle @CurveFinance @monerium @arbitrum Does EURC have any traction on Arbitrum? Can't find any pools on Curve 🤷‍♂️. It would make sense on Base.

[pray.eth @pray_eth]

Great news! We need more DeFi liquidity for EUR stablecoins.

It's a strategic risk that USD stables dominate crypto. If you are based in Europe, you are taking on currency risk holding USD.

12% APY is not so great if the dollar falls by 15% to the Euro... 😱

[Árni Guðjónsson @arnigudj]

👩‍🚀👨‍🚀 Arbinauts LPs on @Arbitrum, you can earn 30% APR right now on @CurveFinance with the @monerium EURe. 💙👀 https://t.co/bPRxmtdTNV

[Monerium @monerium]

Arbinauts 👩‍🚀👨‍🚀, The Monerium EURe just landed on @Arbitrum 💙
You can now send EUR between any bank account and your wallet— fast, free, and in your name.
Here is what you need to know 🧵👇

[Árni Guðjónsson @arnigudj]

@jackvebo @monerium @arbitrum https://t.co/bPRxmtdTNV has around $300k TVL and 30% APR incentives

[Árni Guðjónsson @arnigudj]

@joakimhi @monerium @arbitrum https://t.co/bPRxmtdTNV has around $300k and 30% APR incentives

[gisli.eth @gislik]

We just crossed €3,000,000,000 (3 billion) in payment volume and we're scaling the team up.

Are you interested in building systems that power the future of payments? As a Senior Backend Engineer at Monerium, you'll have the chance to learn cutting-edge tech, work with brilliant minds & shape the industry.

Apply now: https://t.co/bwD7QdJ0wu

[Árni Guðjónsson @arnigudj]

@CatalystRaghav @gnosispay It's been great working with you @CatalystRaghav; excited to see what's next for you, and I hope our paths cross soon!

[Raghav Aggarwal @CatalystRaghav]

Time for new beginnings 🚀

October was my last month at @gnosispay. As a founding team member and Head of Product, I helped turn the vision of self-custodial banking & payments into a product being used by thousands across Europe.

🧵 on my journey and next steps (1/8)