Converti Angle Protocol EURA in ReSource Protocol SOURCE

agEUR is a stablecoin of the Angle Protocol which value is pegged to the Euro. This stablecoin is backed by derivatives and by the insurance fund of the Angle Protocol. It is fully convertible against collateral held in the protocol. To know the value of 1 Euro, the protocol looks at oracle feeds from Uniswap V3 and Chainlink.

The ReSource Protocol provides a comprehensive toolbox for the creation of distributed mutual credit systems that grant participants access to 0% interest credit, further collaborative commerce, and give rise to a new class of stablecoins. Instead of “renting” capital from a bank or lender, network-participants form a multi-sided lending system in which businesses extend credit to each other. However, they don’t do so with fiat or even crypto assets. Instead, the ReSource protocol allows participants to mobilise what businesses already have: unused inventory, free labour time, and all resources comprising their enterprise. ​​Participants lend these unutilized resources to peers that need them, and in return - receive from the network what they need themselves to expand their own business.