Angle implements a new way to borrow Angle’s stable token agEUR by using over-collateralized loans with liquidation mechanism.
The most critical issue uncovered in our audit is a call to an untrusted address. The amount of issues uncovered are usual for a project of this size. The documentation of the project is good and the communication with the team was very professional. All issues were fixed accordingly or (in case of some low severity issues) acknowledged.
In summary, we find that the codebase provides a good level of security. It is important to note that security audits are time-boxed and cannot uncover all vulnerabilities. They complement but don’t replace other vital measures to secure a project.