10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

Plenty DeFi Adds agEUR Stablecoin To Plenty Bridge

Plenty DeFi Adds agEUR Stablecoin To Plenty Bridge

agEUR Added To Plenty

agEUR is an over-collateralized stablecoin pegged to the Euro. agEUR was launched in November 2021 on Angle Protocol, an over-collateralized, decentralized, and capital-efficient stablecoin protocol deployed on Ethereum. 

Angle Protocol partnered with Plenty DeFi to enable users to bridge agEUR to Tezos with Plenty Bridge.  

WIth Plenty Bridge, users can transfer their tokens from Ethereum to Tezos within five minutes.

Previously only USDC, DAI, USDT, BUSD, WBTC, WETH, LINK, and MATIC were available through Plenty Bridge, but now agEUR is added to the list.

After the transfer, agEUR tokens are deployed on Tezos as agEUR.e tokens. 

To increase liquidity and improve the stability of the Euro value of agEUR.e, Plenty DeFi launched an agEUR.e – EURL farm where users can earn while providing liquidity.

EURL is the first Euro stablecoin on Tezos, deployed by Lugh in the beginning of 2021.  

Providing liquidity for same-value stablecoins is a more conservative strategy than providing liquidity for tokens with values that can fluctuate more because the risk for impermanent loss is lower. 

“While Angle was mostly thought for EVM compatible blockchains, its scope and target should go far beyond.

Tezos, as one of the most actively used blockchains focused on security, scalability, and most of all energy efficiency, has rapidly been seen as an ideal place to make agEUR available.

Now that it’s live, we’re one step closer to making the idea of a truly decentralized and composable financial infrastructure a reality.” 

Upload Article

Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

Hidden
Hidden
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Banner Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: pdf, doc, docx, Max. file size: 128 MB.
Submit Article: Suitable Formats = PDF, WORD
By Uploading an article, you are accepting all to all copyright and information that is to the best of your knowledge true and accurate.
Agree(Required)

Other News

View More
29 September 2023

Van Gogh Digital Collectibles Mark a New Partnership Between The Tezos Foundation and Musée d’Orsay

This partnership signals an innovative foray into the realm of digital art collectibles, anchored by a forthcoming exhibition on Vincent van Gogh. Scheduled to commence on October 3, 2023, the highly anticipated exhibition is titled “Van Gogh in Auvers-sur-Oise: The Final Months”.

Read More
28 September 2023

Fireblocks Extends Full Support for Tezos, Increasing Institutional Access to DeFi and Web3 Ecosystem

Fireblocks has announced the launch of its comprehensive support for Tezos. This development allows Fireblocks customers to securely manage FA1.2 and FA2 token standards on Tezos and utilize Fireblocks’ Web3 Engine to develop new products and services on the Tezos blockchain.

Read More
22 September 2023

CEERTIF: Real-time File Certification via Tezos Blockchain for Construction and Insurance Professionals

CEERTIF, a mobile application for installers, agents, and insurers in France, has introduced a groundbreaking platform that leverages the TEZOS blockchain to secure and geolocate media in real time.

Read More

Subscribe to weekly tezos news

Join The XTZ. News Newsletter To Receive The Latest Tezos
News And Interviews.

Subscribe To Weekly Tezos Token Prices

Join the Tezos Token Price newsletter to receive the latest Tezos token prices on a weekly basis.