Angle

Angle Protocol is an open-source, decentralized infrastructure enabling the issuance of reliable, over-collateralized stablecoins. Its design architecture comprises independent modules, allowing stablecoin creation through different mechanisms—such as borrowing, minting via asset baskets (Transmuter), and yield generation via savings contracts. Launched with the aim to address weaknesses in traditional and decentralized stablecoins, Angle ensures high scalability, robust price stability, and full collateral transparency.

The two flagship stablecoins, USDA (USD-pegged) and EURA (Euro-pegged, formerly agEUR), each operate with segregated reserves. These reserves are public and audited, giving users complete visibility into backing assets. Angle’s Transmuter module is a core innovation—it enables stablecoin minting from a basket of assets with dynamic fee modeling and strong safeguards like circuit breakers to protect against black swan events and depegging. This makes Angle significantly more resilient than predecessors like MakerDAO.

Beyond minting and redemption, users can borrow Angle stablecoins against volatile or yield-bearing collateral through the Borrowing Module, mirroring systems like Aave or Compound, but with more flexibility and gas-efficient liquidations. The protocol offers composability and cross-chain operability via bridges like LayerZero, and implements strict limits to avoid overexposure from potential bridge exploits.

Other key features include algorithmic market operations, flash loans, and onchain forex services that enable users to swap EUR/USD stablecoins with minimal slippage. Angle has also developed a suite of public goods such as carbon calculators and impermanent loss simulators to serve the wider Web3 ecosystem.

With its robust and modular architecture, strong governance via the ANGLE token, and integrations across DeFi, Angle Protocol stands out among stablecoin ecosystems. Competitors include MakerDAO, Frax, and Liquity, although Angle’s modularity and Euro-focus offer unique advantages.

Angle Protocol offers numerous benefits and features that set it apart in the decentralized stablecoin ecosystem:

• Robust Price Stability Mechanisms: Both EURA and USDA are secured by innovative modules like Transmuter, which automatically balances reserve exposure and enforces redemptions during black swan events.
• High Liquidity & Zero Slippage: Angle stablecoins can be exchanged 1:1 with USDC and other assets with no slippage or fees, supported by deep integrations with DEXs like 1inch, Paraswap, and Odos.
• Native Yield Generation: Users earn passive income via stUSD and stEUR without taking extra composability risks—yields come directly from the protocol’s activity in DeFi and tokenized securities.
• Cross-Chain Compatibility: Angle operates across multiple chains with secure bridging infrastructure (e.g., LayerZero) and global/hourly caps to limit exploit exposure.
• Trustless Governance: The protocol is governed by holders of the ANGLE token who can vote on all key decisions, making Angle a fully decentralized ecosystem.
• Open & Audited Infrastructure: The smart contracts powering Angle Protocol have been audited by top security firms like ChainSecurity, Code4rena, and Sigma Prime.
• Onchain Forex Functionality: Angle enables seamless EUR/USD stablecoin swaps at competitive rates, rivaling traditional forex platforms.

Angle Protocol makes it easy to start using its stablecoin products and features with a user-friendly application and flexible options:

• Connect Your Wallet: Head to app.angle.money and connect a Web3 wallet like MetaMask, Coinbase Wallet, Rabby, or Trust Wallet.
• Acquire Stablecoins: Buy EURA and USDA directly through the app by swapping supported assets (e.g., USDC, ETH) or use decentralized exchanges like 1inch or Paraswap.
• Earn Yield: Stake your stablecoins to convert them into stEUR or stUSD and earn passive income. No additional setup or DeFi knowledge is needed.
• Borrow Angle Stablecoins: Deposit collateral such as wstETH or USDC and borrow EURA or USDA using the Borrowing Module. Enjoy capital efficiency and leverage features.
• Bridge Between Chains: Use the built-in bridge infrastructure to transfer ANGLE, EURA, or USDA between supported networks like Ethereum, Optimism, and Polygon with minimal fees.
• Participate in Governance: Hold ANGLE tokens and visit the governance dashboard to vote on proposals and influence protocol direction.
• Simulate Transactions: Use the Spy/Impersonation tool to test any wallet's experience without executing real transactions—ideal for exploration and safety checks.