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What is EURA (EURA)?

The Angle Protocol introduces agEUR (AGEUR), a stablecoin designed to operate within a decentralized framework, emphasizing capital efficiency and over-collateralization. This article provides an objective overview of the key features and mechanisms that define the agEUR stablecoin within the Angle Protocol.

Decentralized Framework:

At its core, the Angle Protocol adopts a decentralized approach, leveraging blockchain technology and smart contracts to facilitate the creation and management of agEUR. This decentralized structure eliminates the need for a central authority, allowing users to interact with the protocol autonomously.

1:1 Minting and Burning:

agEUR stands out for its capital-efficient design, allowing users to mint and burn stablecoins at a 1:1 rate against accepted crypto-assets used as collateral. This ensures a direct and predictable relationship between the stablecoins in circulation and the collateral backing them.

Over-Collateralization Strategy:

The protocol adopts an over-collateralization strategy, meaning that the total value of the collateral exceeds the value of the stablecoins issued. This surplus serves as a risk mitigation measure, providing a safety net against market fluctuations and potential uncertainties.

Involvement of Perpetuals Traders:

To hedge the value of its reserves, the Angle Protocol collaborates with perpetuals traders. This partnership aims to safeguard the stability of agEUR, enhancing its resilience and mitigating risks associated with market volatility.

Liquidity Providers' Role:

Liquidity Providers have the option to deposit additional collateral, contributing to the over-collateralization of the protocol. This participation enhances the stability of agEUR and aligns with the protocol's commitment to capital efficiency.

User Flexibility:

Users actively engage with the Angle Protocol by minting and burning agEUR based on their financial preferences. This flexibility allows users to manage their positions and liquidity within the decentralized ecosystem.

In summary, agEUR in the Angle Protocol is characterized by its decentralized nature, 1:1 minting and burning mechanism, over-collateralization strategy, collaboration with perpetuals traders, and the involvement of Liquidity Providers. These elements collectively contribute to the stability and capital efficiency of agEUR within the decentralized finance landscape.

What is unique about EURA (EURA)?

agEUR distinguishes itself through a decentralized, over-collateralized model, enabling users to mint and burn stablecoins at a 1:1 rate against accepted crypto-assets, providing transparency and predictability in a capital-efficient manner.

Who are the founders of EURA (EURA)?

The founders of the Angle Protocol is Pablo Veyrat.

Where can I buy EURA (EURA)?

You can buy EURA (EURA) on Uniswap V3 (Ethereum), QuickswapUniswap V3 (Polygon)Balancer V2Curve (Ethereum) cryptocurrency exchanges.