EURA
EURA Price
agEUR (AGEUR) is a decentralized stablecoin within the Angle Protocol, minted and burned at a 1:1 rate against accepted crypto-assets as collateral. More
| Fully Diluted Valuation | $21.81M |
|---|---|
| 24H Trading Volume | $636,675 |
| 24H Low / High | $1.13 / $ 1.16 |
| Circulating Supply | 18.88 M |
| Total Supply | 18.88 M |
| Max Supply | 0.00 |
| Categories | Stablecoins 9 more |
|---|---|
| Founder | Pablo Veyrat |
| Website | angle.money |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 6 more |
| Explorer | Arkhamintelligence 9 more |
| Contracts |
0x1a7....cbce8
6 more
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| Name | Pair | OG Score |
|---|
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.
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.
The founders of the Angle Protocol is Pablo Veyrat.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of EURA (EURA) is ($18,878,148), max supply of EURA EURA is ($0) and the market cap of EURA EURA is ($21,807,337).
What is the EURA (EURA) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of EURA (EURA) is $1. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether EURA (EURA) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (EURA EURA) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does EURA (EURA) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
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Does the coin/token have enough trading pairs and liquidity?
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