Angle Integrates with LayerZero to enable immediate and secure $agEUR bridging between Ethereum, Polygon, Optimism and Arbitrum.
Angle’s need for solid bridge solutions
Angle is a decentralized stablecoin protocol that prides itself on deep and capital efficient liquidity accessible across every ecosystem.
Fragmented stablecoin liquidity across different chains is a paramount source of friction for DeFi users as one often has to wait for several minutes and pay a slippage when transferring assets from one chain to another in search of new yield opportunities. Additionally, different chains have different wrapped versions of the same token depending on the bridge they were transferred with, rendering the UX even more confusing and difficult for end users.
It is to pave the way for such a future that Angle has decided to integrate with LayerZero bridging infrastructure to enable omnichain agEUR.
Integrating with LayerZero
As of today, users can bridge assets directly through Angle App agEUR between Ethereum, Optimism, Polygon and Arbitrum. Under the hood, LayerZero is the solution that is used to pass messages from one chain to another.
LayerZero recently emerged as one of the most promising, efficient, and safe generic messaging solutions. At the moment, Angle is utilizing LayerZero’s technology to enable cross-chain agEUR bridging, however they imagine more opportunities for inventive collaboration with LayerZero’s messaging protocol. For example, Angle x LayerZero could enable passing boosts from one chain to another. While LayerZero unifies agEUR liquidity across Polygon and optimistic rollups today, integration enables quick and easy omnichain liquidity and upgrades to zk-rollups in the future.
About Angle Protocol
Angle is an over-collateralized, decentralized and capital-efficient stablecoin protocol. The protocol has launched agEUR, the biggest decentralized Euro stablecoin in the market on Ethereum, Polygon, Optimism and Arbitrum.
LayerZero is an omnichain interoperability protocol that allows dApps to build across multiple blockchains in a trustless, efficient manner. LayerZero connects dApps across chains using on-chain Ultra Light Nodes, which achieve the security of a light node with the cost-effectiveness of a middle-chain. Using the protocol, developers can turn their dapps into omnichain-applications using a single, simple interface.