eU - LST for Union chain

Overview

eU is the liquid staking token (LST) for the Union Chain, enabling users to earn staking rewards without locking up their assets. By staking U tokens via Escher, users receive eU tokens—a liquid representation of their staked position—that can be used across DeFi protocols while still accruing yield.

Escher's hidden layer architecture powers eU, delivering deep interoperability, seamless liquidity, and efficient staking across multiple blockchain ecosystems.

How eU Works

1. Stake U Tokens Users stake U tokens through Escher's liquid staking contract.

2. Receive eU Tokens The protocol mints eU tokens, representing the user’s staked balance.

3. Use eU in DeFi Users can deploy eU in DeFi strategies: lending, borrowing, trading, LPing, and more, within and beyond the Union ecosystem.

4. Redeem eU for U At any time, users can redeem eU for the underlying U tokens plus accrued staking rewards, adjusted for the protocol's yield.

Key Benefits

For Users:

• Liquidity and Flexibility: Access capital while earning staking rewards.

• Yield Optimization: Combine staking rewards with additional DeFi yields.

• Simplified Experience: One-click staking, no need to manage multiple wallets.

• Cross-Ecosystem Compatibility: Use eU across non-Cosmos chains via Escher's chain abstraction.

For the Union Chain:

• Stronger Network Security: Increased staking participation through liquid staking.

• Higher Liquidity: eU drives more efficient capital usage across Union-based DeFi.

• Interoperability: Brings more users and applications by enabling use of eU across ecosystems.

Network Information

• Liquid Stake Time: Immediate

• Unstake Time: 21 Days

• Fee: 10%

• Intent Available: Yes

• Multi-Asset Support: Users can stake using any token (via swap and stake mechanisms)