Synth sEUR (SEUR) Price, Charts & Market Data

sEUR is a synthetic euro-denominated token within the Synthetix ecosystem. It is designed to mirror the price of the euro through decentralised price oracles and is implemented as an ERC‑20 token on Ethereum-compatible blockchains.

To mint sEUR, users must stake SNX as collateral. The collateralisation ratio is typically set high, such as 750%, to protect the system from volatility and ensure redemption stability. sEUR, like other Synths, is traded via Synthetix’s peer‑to‑contract mechanism, which allows for slippage-free exchange with other Synths through direct interaction with smart contracts.

The peg to the euro is maintained through the use of oracle services that provide real-time pricing data. There are no claims to actual euros; instead, sEUR offers euro-denominated exposure via a synthetic instrument. Because sEUR is fully integrated within the Synthetix system, it can be used in various DeFi applications including payments, trading, liquidity provision, and cross-synth swaps.

Synthetix was founded by Kain Warwick in 2017. It was initially launched under the name Havven, with a focus on decentralised stablecoins. The project was later rebranded to Synthetix in 2018 to reflect a broader scope involving synthetic assets.

Kain Warwick is also the founder of Blueshyft, an Australian retail payment platform. He played a central role in transitioning Synthetix to a community-governed protocol under a DAO framework. Since 2020, protocol development and governance have been coordinated through decentralised community initiatives, enabling token holders to guide system upgrades and parameter adjustments.