This opportunity acts as a savings account denominated in EUR and works well for investors who want stablecoins pegged to EUR.
Risks include Angle's smart contract risk and EURA's exposure to real-world assets like Euro fiat and bonds. Yield parameters are updated weekly and enforced by the governance multisig.
Yield is dependent on the pool's utilization or what percent of EURA holders are staking in the savings contract. Since not all EURA will be staked, you will earn a multiplier on the yield the protocol is making on its reserves.