Angle Protocol community releases proposal to restore peg of agEUR stablecoin to the Euro.

BlockBeats reported on March 22 that the community of Angle Protocol, a decentralized stablecoin protocol, has released a proposal aimed at restoring the agEUR stablecoin's peg to the euro. The proposal suggests the following steps: 1. Allowing sanETH, sanFRAX, and sanDAI holders to exit the protocol at a 1:1 ratio; 2. Allowing users to repay debt by borrowing agEUR with FRAX, DAI, and ETH collateral, thereby reducing the outstanding supply of agEUR; 3. Issuing ANGLE or debt tokens that are tied to the protocol's revenue to compensate for the shortfall in USDC depositors and liquidity providers; 4. Allowing other liquidity providers and depositors to participate in debt tokens or token insurance. As previously reported by BlockBeats on March 14, Angle Protocol stated that 17.6 million USDC funds were affected by the Euler attack.