CoinRaaj | Angle Protocol (ANGLE)

ANGLE PROTOCOL

ANGLE BSC

Contract Address:
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Status

New

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10/500

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Description:

🔰Angle is a decentralized, capital efficient and over-collateralized stablecoin protocol composed of smart contracts running on open blockchains. It was launched in November 2021, and you can use it at angle-protocol.

🔰It can be used to issue stablecoins, called agTokens, designed to mirror the value of an asset they are pegged to.

🔰Angle Core module is deployed on Ethereum mainnet and is used for agEUR only. It relies on three types of agents that form a balanced ecosystem maintaining agEUR's peg (or stability). These agents are users minting and burning the stablecoins, Hedging Agents covering the protocol collateral from price changes, and Standard Liquidity Providers helping to over-collateralize the protocol in exchange for yield.

🔰Angle Borrowing module is used for all Angle stablecoins, and it is for some of them deployed on multiple EVM compatible networks beyond BNB.

🌐 Website: https://angle-protocol.com/
🐦 Twitter: https://twitter.com/AngleProtocols