Angle PriceANGLEInactive

What is Angle (ANGLE)?

Angle (ANGLE) is the governance and utility token of Angle Protocol, a decentralized stablecoin platform built on Ethereum. Angle Protocol issues stablecoins that are pegged to major fiat currencies and backed by over-collateralization. Its primary products are EURA, a euro-pegged stablecoin, and USDA, a dollar-pegged stablecoin. The protocol emphasises capital efficiency, decentralized governance, and full convertibility between stable assets and collateral at oracle value. ANGLE is an ERC-20 token with a total supply of 1 billion. Angle is entering its final chapter. The protocol remains fully collateralized, and every USDA and EURA is redeemable 1:1 via https://app.angle.money; redemptions should be completed before March 1, 2027. The team's ongoing work has transitioned to Merkl. EURA (previously agEUR, rebranded in March 2024) can be staked for stEUR, and USDA for stUSD, to earn a native yield.

Key Specifications & Tokenomics

• Name: Angle
• Ticker / Symbol: ANGLE
• Blockchain: Ethereum (ETH)
• Token Standard: ERC-20
• Smart Contract Address: 0x31429d1856aD1377A8A0079410B297e1a9e214c2
• Decimal Places: 18
• Explorer: etherscan.io
• Total Supply: 1,000,000,000 ANGLE
• Max Supply: 1,000,000,000 ANGLE
• Circulating Supply: 13,237,881 ANGLE (self-reported, 1.32% of total supply; not verified by CoinMarketCap)
• Listing Date (CoinMarketCap): 10 November 2021
• Industries / Tags: Stablecoin, Real World Assets Protocols, Olympus Pro Ecosystem, Optimism Ecosystem
• Official Website: https://www.angle.money/
• GitHub Organization: AngleProtocol
• Governance Portal: https://gov.angle.money
• Whitepaper: https://docs.angle.money/whitepaper
• Documentation: https://github.com/AngleProtocol/angle-docs

Who created Angle (ANGLE)?

Angle Protocol is primarily developed by Angle Labs, the main contributor to the project. Guillaume Nervo, a co-founder of Merkl, is associated with Angle Labs. The project operates as a decentralized autonomous organization, with ANGLE holders participating in governance decisions.

How does Angle (ANGLE) work?

Angle Protocol is an over-collateralized stablecoin system that maintains full convertibility between stable assets and collateral at oracle value. Users can swap one unit of collateral for one unit of stablecoin, and vice versa. The protocol's on-chain architecture includes several core modules: a Transmuter basket-and-dynamic-fee minting system, a borrowing module that allows users to deposit collateral against stablecoin debt, a native savings system, and cross-chain liquidity infrastructure. The Transmuter uses a dynamic fee model and internal circuit breakers to control exposures and keep each stablecoin's backing diversified, and the protocol natively supports flash loans. The protocol is open source under the AngleProtocol GitHub organization and provides a TypeScript SDK for developers building applications on top of it. Governance is facilitated through the ANGLE token, with the Angle DAO responsible for parameter tuning, protocol upgrades, deploying new stablecoins and collateral types, and managing yield strategies on collateral.

What makes Angle (ANGLE) unique and valuable?

Angle is a decentralized, capital-efficient and over-collateralized stablecoin protocol. Its flagship products, EURA and USDA, offer secure and decentralized stablecoins that generate yield for users. The protocol provides full convertibility between stable assets and collateral at oracle value, ensuring that every USDA and EURA is redeemable 1:1. The Angle DAO governs the protocol in a decentralized manner, allowing the community to shape its evolution. Additionally, the protocol has spawned Merkl, a programmable incentive distribution platform. Merkl positions itself as a solution for redistributing stablecoin yield as activity-based rewards in an increasingly regulated on-chain landscape.

What is Angle (ANGLE) used for?

ANGLE is the governance and utility token for the Angle Protocol. Holding ANGLE grants the right to participate in governance votes within the Angle DAO. These votes cover critical decisions such as parameters tuning, protocol upgrades, deploying new stablecoins and collateral types, and handling yield strategies on the collateral in the protocol. The token is central to the decentralized decision-making process that guides the protocol's evolution. Beyond governance, ANGLE serves as a utility token within the ecosystem, aligning incentives among users, stakeholders, and the protocol itself. Angle earns a yield from all of its modules, and part of it is automatically allocated through savings products to stablecoin holders. ANGLE is an ERC-20 token on Ethereum and can be held in any ERC-20 compatible wallet.

How Is the Angle ecosystem developing?

Angle is entering its final chapter. The protocol remains fully collateralized, and every USDA and EURA is redeemable 1:1 via https://app.angle.money; redemptions should be completed before March 1, 2027. The Angle team's ongoing work has transitioned to Merkl. Merkl started inside Angle Labs as a tool to distribute incentives to agEUR holders. Merkl has since grown into a platform that runs distributions for many companies across multiple chains. Merkl positions itself as a solution for redistributing stablecoin yield as activity-based rewards.

How to mine Angle (ANGLE)?

ANGLE is not mined through proof-of-work. It is an ERC-20 token issued on Ethereum. There is no traditional mining process for ANGLE. Users can acquire ANGLE through supported exchanges or by participating in the protocol's ecosystem activities. The protocol offers yield-bearing staked versions of its stablecoins, EURA and USDA, which allow users to generate yield. The native savings system within Angle Protocol provides additional mechanisms for users to earn returns on their stablecoin holdings. The savings system lets stablecoin holders earn a native yield based on the returns the protocol generates on its assets; yields are variable and depend on protocol performance and market conditions. For specific staking or earning opportunities, users should refer to the official Angle Protocol application and documentation.

How to keep your Angle (ANGLE) Coin safe?

Storing ANGLE securely requires standard cryptocurrency safety practices. Since ANGLE is an ERC-20 token on Ethereum, it can be held in compatible wallets that support ERC-20 assets. Hardware wallets provide an extra layer of security by keeping private keys offline. Users should always verify the official contract address when interacting with the token and avoid sharing private keys or seed phrases. For those participating in governance or using the Angle Protocol app, it is important to access only official URLs and exercise caution against phishing attempts. As with any cryptocurrency investment or DAO participation, conducting thorough research and understanding the risks involved is essential. The dynamic nature of the crypto market requires staying informed and exercising caution when making investment decisions.