Robust Stablecoin Protocol Provides Consistent Value Storage For Crypto Loans

If there were a book written about the crypto market, the first chapter would probably be about its volatility. It isn't a secret that things move fast in crypto, but what are investors to do about it? The developers at Angle Labs have an answer to that question and more with their Angle stablecoin protocol.

To find out all about the innovations taking place there, visit https://www.angle.money

The Angle protocol promises to broaden the market for Euro-based transactions, signaling a movement away from stablecoins pegged exclusively to the value of USD. Angle Labs is also seeking to provide capital efficiency by creating a protocol with highly convertible assets, rather than network-exclusive alternatives.

As blockchain technology has continued to evolve, many problems have arisen as competing networks and protocols battle for supremacy, sometimes even splintering into yet more networks and making the problem worse. Liquidity is one of the main issues caused by this, as conversion between tokens on different networks can cause a variety of inconsistencies in terms of value and fees.

Angle seeks to solve many of the problems caused by a lack of liquidity, especially in the context of cryptocurrency loans. Stablecoins can be particularly helpful in the loan-based financial sphere, as they provide a consistent value rather than the constantly fluctuating conversion rates of BTC, ETH, or others.

In particular, Angle’s protocol offers a built-in overcollateralization which can act as a buffer in times of value fluctuations. In networks that do not host stablecoins, this is historically a problem as the initial value of the loan fluctuates above or below the amount to be repaid, but here Angle uses it to intentionally bolster the stablecoins created on-chain.

The protocol has already been used to mint agEUR, which has functioned as designed so far and offers unprecedented stability. More projects and tokens are currently in the works, including stablecoin value stores for CHF, JPY, GPB, and more.

If you love crypto trading, Angle has proven to be a protocol worth looking into especially if you are planning on loaning out your assets. Accept no alternatives, as you won't find this kind of stability anywhere else.

The team at Angle Labs is comprised of experienced and knowledgeable crypto devs and investment experts who have proven to be consistently tuned-in to the crypto space. Their projects foster helpful and positive online communities, which is rare to see in the DeFi industry.

To read the whitepaper and learn more about the project, visit https://www.angle.money

Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.

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Created on Mar 3rd 2022 20:11. Viewed 155 times.

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