Angle is a decentralized, over-collateralized stablecoin protocol designed to issue stablecoins like EURA (€) and USDA ($), backed by diversified reserves. It features modules for borrowing, price stability, and savings, ensuring liquidity, resilience, and yield opportunities for stablecoin holders. Governed by a DAO through veANGLE, the protocol supports cross-chain liquidity and open development.
Value Proposition:
Angle offers resilient and capital-efficient stablecoins backed by diversified reserves, ensuring stability and liquidity even during market disruptions. Stablecoin holders earn native yields while developers can build on its open-source infrastructure.
Governance:
The Angle Protocol is governed by a DAO controlled by veANGLE holders through on-chain voting. Changes are implemented via administrative smart contracts with a 24-hour Timelock to ensure transparency and allow exits if needed. An emergency multisig monitors for governance attacks. The DAO also oversees ANGLE token distribution for liquidity mining programs.
Tokenomics:
The ANGLE token powers the decentralized governance of the Angle Protocol through the DAO, where veANGLE holders vote on protocol changes, liquidity mining allocations, and treasury management. Its primary utility lies in incentivizing stablecoin liquidity by distributing tokens to providers across pools like Uniswap and Curve. Additionally, ANGLE supports ecosystem growth through grants, partnerships, bug bounties, and community initiatives, funded by the DAO treasury. This aligns incentives, fosters sustainable growth, and ensures the protocol’s long-term viability.
Previous Funding:
In September 2021, Angle Labs, the developer of the Angle Protocol, secured a $5 million seed funding round led by Andreessen Horowitz (a16z). Other participants included Fabric VC, Wintermute, Divergence Ventures, Global Founders Capital, Alven, Julien Bouteloup, and Frédéric Montagnon
