Kamino Launches Euro Stablecoin EURC Incentive Program

BlockBeats News, April 29th, the Solana-based DeFi project Kamino officially announced the launch of an incentive program for Circle's Euro-backed stablecoin EURC, where users can receive a total of 100,000 EURC rewards per month by participating in the lending market.

BlockBeats previously reported that according to RWA.xyz data, the supply of EURC has grown by 43% in the past month, reaching 217 million tokens, valued at $246 million. Most EURC tokens are circulating on the Ethereum network, with a 35% growth in the past month to reach 112 million tokens. The EURC supply on the Solana network has grown the fastest, with a 75% increase in the past month to reach 70 million tokens. The EURC supply on Base has reached 30 million tokens.