Turn EUR/USD Volatility
Into Daily Yield
Nondollar converts EURC price fluctuations into real dollar earnings — automatically, every single day.
01The Problem
You hold EURC (a euro-pegged stablecoin). Its dollar value moves every day because the EUR/USD exchange rate changes. Some days the euro is up, some days it's down.
⚠ What happens without Nondollar
If EURC gains 0.5% today but drops 0.7% tomorrow, you end up net negative. Yesterday's gains are wiped out. You're just riding the volatility with nothing to show for it.
You hold the same amount of EURC — but your dollar value keeps fluctuating unpredictably.
02How Nondollar Solves This
Nondollar hedges your EURC position against USD daily. It locks in dollar-denominated gains from price movements and protects you from drops — every single day. Think of it as an automatic daily settlement of EUR/USD volatility into your pocket.
03Step-by-Step Flow
You Deposit EURC
Deposit any amount of EURC into the Nondollar app. Your EURC stays in the protocol — it's not lent out or traded away.
Daily Hedging Kicks In
Every day, Nondollar initiates a hedge on the EUR/USD price for your position. This hedge is underwritten by a counterparty pool (the dCDS module).
Price Drops → You Earn
If EURC price falls (EUR weakens vs USD), the entire downside is converted into dollar earnings added to your position. You're protected.
Price Rises → You Keep the Gains
If EURC price rises (EUR strengthens vs USD), you retain the upside. Only 0.15% of the gain is shared with the counterparty enabling your hedge.
Small Daily Premium Deducted
A small option premium is deducted daily — this is the cost of hedging, paid to counterparties. Think of it like an insurance fee.
Net Yield = Earnings − Premium
Your daily net yield = hedge earnings minus the premium. Currently tracking at ~41% APY.
04The Big Picture
Deposit EURC
Hedges daily
Counterparties
hedge daily
0.15% shared w/ counterparty
05Two Scenarios, Same Outcome: You Earn
EURC drops 1% today
Without Nondollar, you lose $1 on every $100. With Nondollar, that $1 drop is captured as dollar earnings added to your balance.
EURC rises 0.8% today
Your EURC is worth more in dollar terms. You keep virtually all of the gain — only 0.15% is shared with the counterparty.
06Concrete Example: 100 EURC
Without Nondollar, your EURC would have gone down and then back up — netting you close to nothing. With Nondollar, both moves generated earnings.
07Holding EURC vs. Using Nondollar
| Just Holding EURC | EURC in Nondollar | |
|---|---|---|
| EUR drops | You lose dollar value | Loss → dollar earnings |
| EUR rises | You gain (but…) | You keep ~99.85% of gain |
| EUR drops then rises | Net ≈ 0 (back to square one) | Both moves earned yield |
| Daily yield | None | ~41% APY currently |
| Get EURC back | Always have it | 100% EURC returned + $ yields |
08Key Clarification
This is NOT depeg protection
Nondollar does not protect EURC from losing its peg to the Euro. It protects the dollar value of your EURC from EUR/USD exchange rate movements. The Euro could be perfectly pegged to EURC and still lose value against the dollar — that's the volatility Nondollar captures.
09The Other Side: Counterparties
Every hedge has two sides. Counterparties are the ones making the hedging possible — and they earn for it.
👤 Depositor (You)
Deposit EURC → receive daily hedged yields from EUR/USD movements.
🏦 Counterparty (dCDS)
Deposit USDC, USDT, AERO, USDA+ → earn daily option premiums for underwriting the hedge.
Anyone can be a counterparty by depositing assets into the dCDS module within the Nondollar app.
10How to Get Started
The simplest way: deposit a small amount of EURC (even 100 EURC) and watch the yields accumulate over the next two weeks. Once you see the pattern, scale up.
Start Earning From Volatility
Stop riding EUR/USD swings with nothing to show. Let Nondollar convert that movement into daily dollar yield.
Open Nondollar App →