Florence Treasury
The Florence Treasury allows the exchange between flrEUR and a Euro stablecoin at a 1:1 ratio. We currently support agEUR by angle.money
Available
About the Redemption Module
The Florence Treasury is designed to handle the flow of funds from the real-world back into the protocol and facilitates the minting of new flrEUR using agEUR.
The two cases in which funds flow in are interest payments and maturations of loans. When a loan pays interest, the interest is deposited in the Florence Treasury, and at the same time, an equal amount of flrEUR is minted into the vault containing the loan. When a loan matures (and is not rolled over) the principal is deposited into the Florence Treasury and can now be used by flrEUR holders to withdraw from the potentially oversubscribed vault and redeem.