ANGLE

What is Angle?

Angle is a decentralized, over-collateralized stablecoin protocol that leverages smart contracts on open blockchains. Designed to maintain the value of pegged assets, it enables the creation and management of stablecoins with robust mechanisms.

• Stablecoin Issuance: Angle provides mechanisms to issue stablecoins such as EURA and USDA, pegged to the Euro and Dollar respectively.
• Transmuter Module: Deployed on Ethereum, Transmuter facilitates stablecoin minting, burning, and redemption, ensuring diversified backing and resilience.

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Recent Video Interview

Main points of the interview:

• Discusses the protocol's decentralized, over-collateralized stablecoin with $50M TVL and $8B transfer volume.
• Angle features a unique hedging mechanism with perpetual futures and capital-efficient models.
• Key components include the Core Module, Borrowing Module, and Direct Deposit Module.
• Risks such as smart contract and economic risks, and emphasizes the importance of security and risk mitigation.

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Borrowing Module

The Borrowing module allows users to obtain Angle stablecoins by providing collateral. This feature supports leveraging assets or obtaining stablecoins while maintaining exposure to volatile assets.

• Leverage and Access: Users can leverage almost any asset through stablecoin loans or retain exposure to yield-bearing tokens.
• Collateralization: The system supports borrowing against various forms of collateral.

Savings System

Angle’s Savings system enables stablecoin holders to earn a native yield based on protocol returns. This feature enhances the value proposition for stablecoin holders without additional composability risks.

• Yield Generation: Users earn interest on their stablecoins through savings products.
• Security: The system avoids extra trust assumptions between holding and staking stablecoins.

Algorithmic Market Operations (AMOs)

Angle employs Algorithmic Market Operations (AMOs) to enhance stablecoin liquidity across various protocols. These modules play a key role in boosting market efficiency and liquidity.

• Liquidity Boosting: AMOs help manage and boost liquidity in the Angle stablecoin ecosystem.
• Cross-Protocol Integration: They facilitate interaction and liquidity across different blockchain protocols.

ANGLE and veANGLE Tokens

Angle is governed by a decentralized autonomous organization (DAO) using the veANGLE token. This governance structure ensures decentralized decision-making and protocol evolution.

• Governance: veANGLE holders vote on protocol changes and liquidity committee compositions.
• Tokenomics: ANGLE tokens are distributed across various categories, including liquidity mining, DAO Treasury, and community grants.
• Incentives and Rewards: The protocol allocates a portion of ANGLE tokens to incentivize liquidity provision and reward active community members.

Project Development

Angle Protocol has integrated with Nimbora, allowing USDC holders on Starknet to earn multiple rewards. Here’s a summary of the opportunity:

• Earn Yield: Deposit USDC into the nstUSD strategy to receive Angle’s stUSD yield, which compounds daily.
• Incentives: Accumulate STRK tokens from Starknet incentives provided by both Nimbora and the Starknet Foundation, claimable bi-weekly.
• Nimbora Points: Gain Nimbora points based on the amount and duration of nstUSD token holdings.
• Easy Management: Use the Nimbora app to deposit USDC, manage nstUSD tokens, and track your rewards.

Other Projects in the Stablecoin Protocol Category

• Prisma Governance Token: enables governance and participation in the Prisma Finance protocol.
• Sperax: powers a decentralized economy and auto-yield stablecoin, USDs.
• Spell: enables governance and staking rewards on the Abracadabra.money platform.