A stablecoin is a standard.
Like any successful standard, the key to the widespread adoption of a stablecoin lies in its universal usability across multiple chains.
That's where Angle and
@LayerZero_Labs step in!
For the past 18 months, Angle has been harnessing LayerZero's message-passing capabilities, empowering agEUR liquidity to flow effortlessly between various chains.
Why LayerZero stands out?
๐งโ๐ป LayerZero offers a neat UX. All it takes to go from one chain to another is a transaction on the start chain. Plus, the fees are consistent, whether you bridge 1 or 10,000 agEUR โ you only pay for the gas used in source chain tokens.
๐ช It's transparent. LayerZero has built-in analytics so tracking the journey of bridged transactions is straightforward. Say goodbye to the uncertainty of losing tokens during bridging.
๐ธ๏ธ It's convenient and connects virtually any chain. Angle supports 11 chains with LayerZero, and it's possible to seamlessly transfer agEUR between any of them. You may get agEUR on Ethereum, and go to Arbitrum then Gnosis Chain then Celo before falling back to Polygon, without the need for a central hub.
๐ Last but not least, it's safe and secure for the protocol. Angle incorporates custom security checks to ensure resilience against bridge token failures. In the unlikely event of a LayerZero failure, Angle's dynamic caps, visible on our Analytics, would enable the protocol to limit potential losses and swiftly switch to an alternative bridge solution, safeguarding agEUR holders.
In 18 months, there have been over 7.6 million agEUR cross-chain transfers via LayerZero, a testament to the reliability and effectiveness of this integration.