Angle Protocol partners with Plenty to bring agEUR to the Tezos ecosystem
SAN MATEO, CALIFORNIA, 7th July, 2022, Chainwire
Popular Euro stablecoin on Ethereum, agEUR can now be bridged to Tezos ecosystem through the Plenty bridge. Users can access the bridge at plentydefi.com/bridge and bridge their agEUR from Ethereum to Tezos.
Along with the agEUR.e, the bridged token on Tezos, Plenty has also launched a Euro stable pair agEUR.e-EURl and a farm to incentivise the liquidity on their decentralized exchange.
Tezos users can now send and trade Euros with very low fees. This is however just a first step. Plenty has partnered with Angle Protocol, a decentralized stablecoin protocol, to unlock the full potential of Tezos by solidifying agEUR as the market’s leading Euro stablecoin, useful across a wide range of DeFi use cases including buying NFTs or salary compensation.
Building a permissionless money layer on Tezos
In November 2021, Angle Protocol launched agEUR, which has become one of the biggest Euro stablecoin in the market. The core idea behind building Angle and agEUR is to build permissionless and uncensorable money layers for blockchains.
While Angle was mostly thought for EVM compatible blockchains, its scope and target should go far beyond. Tezos, as one of the most actively used blockchains focused on security, scalability, and most of all energy efficiency, has rapidly been seen as an ideal place to make agEUR available. Now that it’s live, we’re one step closer to making the idea of a truly decentralized and composable financial infrastructure a reality.
Angle is an over-collateralized, decentralized and capital-efficient stablecoin protocol.
It has launched agEUR, the biggest decentralized Euro stablecoin in the market.
Plenty is an all-in-one decentralized platform on Tezos. Plenty allows swaps on uncorrelated assets, and low cost, near 0 slippage trades on tightly correlated assets. Plenty also features a built-in bridge from multiple EVM blockchains to Tezos.
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Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof-of-Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit www.tezos.com.
- Dan Edelstein