Angle Protocol integrates Chainlink to enable users to securely borrow agEUR tokens and access leverage on a wide range of assets.
It is providing users with stronger assurances that collateralization ratios, liquidations, and fees are calculated using accurate price data. However, Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans. Therefore, Angle Protocol aims to create a sustainable money layer for blockchains. We are currently issuing agEUR, a Euro-based stablecoin. Their borrowing module helps expand the protocol as it creates another minting mechanism for Angle stablecoins. Specifically, the borrowing function uses a debt-based mechanism similar to the model used by MakerDAO to mint DAI. Users can simply deposit ETH, wBTC, or other collateral onto the platform. Also, can borrow agEUR in a cheap and capital-efficient manner. In the future, they also plan to integrat...