2 solid reasons that make Polygon (MATIC) the crypto nugget to buy

Polygon becomes the second network to integrate Angle Protocol’s borrowing module

After the Ethereum blockchain, Polygon becomes the second network to integrate Angle Protocol’s borrowing module. This is what should be remembered the announcement made on Monday July 11 by the Polygon team on the official blog. This rollout will allow users to purchase euro-denominated stablecoins (agEUR), with a significant reduction in transaction fees. Note that this stablecoin can be exchanged for wETH, USDC or MATIC, with a rate of 0.5%.

A new @AngleProtocol module has been deployed #onPolygon, allowing anyone to borrow agEUR on Polygon PoS and Ethereum mainnet. Users can enjoy capital-efficient borrowing with minimized liquidation & transaction costs. More info 👇 https://t.co/FzNUjZOf8G

A feature corner also allows for cheaper transactions on Polygon, compared to the same transactions on Ethereum. As a result, the minimum stake for a loan is reduced to 20 agEUR, against a minimum amount of 10,000 agEUR previously. This makes Polygon the network offering borrowers the lowest fees on the market.

As a reminder, polygon had already succeeded last November to Ethereum by becoming the second chain to integrate agEUR thanks to the proof of stake (Proof-of-Stake). Since then, this stablecoin has been in high demand and its use under the Angle protocol is expected to boost demand.

LUNA projects join Polygon

The deployment of Angle Protocol is not the only good news of recent days on Polygon. Last weekend, the CEO of Polygon Studios indeed announced that more than 48 projects from the LUNA ecosystem have now joined the Polygon blockchain. This migration launched in May after the collapse of the stablecoin of Terra (UST) should help the network to expand further.

We are working closely with a variety of Terra projects to help them migrate over swiftly to @0xPolygon. We will be putting capital and resources against these migrations to welcome the developers and their respective communities to our platform. We will be sharing more soon.

It was really great to help and welcome all these wonderful developers into our thriving ecosystem! commented Ryan Wyatt.

Read also Bitcoin & Ethereum Freefall: How Low Will They Go?

If Polygon continues to register new features and projects, this interest could push the token, currently at less than a dollar, towards its price target according to Tech News Leaderwith a minimum prize value of $1.85 by the end of the year.

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