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Angle Protocol is a DeFi project designed to deliver over-collateralized stablecoins, launching on Ethereum in 2021. Its core product, agEUR, is a Euro-pegged stablecoin, offering a stable alternative for European users. The protocol facilitates low-cost issuance, borrowing, and exchange of stablecoins, leveraging smart contracts for enhanced market liquidity and stability. Angle integrates mechanisms such as perpetual futures and uses oracles like Uniswap V3 and Chainlink for price determination, allowing capital-efficient swaps. Operating trustlessly, it enables leverage opportunities and higher yields compared to traditional protocols like Compound or Aave. With a supply of over 27 million agEUR, traded across 129 markets, Angle plans to expand beyond Euro to other fiat currencies and indices. Governance is decentralized via ANGLE tokens, with user participation in decision-making processes. Angle's infrastructure emphasizes security, scalability, and broad stablecoin application, aiming for a revolutionized DeFi ecosystem.
Angle Protocol is a DeFi project designed to deliver over-collateralized stablecoins, launching on Ethereum in 2021. Its core product, agEUR, is a Euro-pegged stablecoin, offering a stable alternative for European users. The protocol facilitates low-cost issuance, borrowing, and exchange of stablecoins, leveraging smart contracts for enhanced market liquidity and stability. Angle integrates mechanisms such as perpetual futures and uses oracles like Uniswap V3 and Chainlink for price determination, allowing capital-efficient swaps. Operating trustlessly, it enables leverage opportunities and higher yields compared to traditional protocols like Compound or Aave. With a supply of over 27 million agEUR, traded across 129 markets, Angle plans to expand beyond Euro to other fiat currencies and indices. Governance is decentralized via ANGLE tokens, with user participation in decision-making processes. Angle's infrastructure emphasizes security, scalability, and broad stablecoin application, aiming for a revolutionized DeFi ecosystem.
Angle Protocol aims to revolutionize the decentralized finance (DeFi) space by introducing a stablecoin framework that is fully hedged and over-collateralized. It seeks to provide a stable and scalable solution for the cryptocurrency ecosystem, especially focusing on over-collateralized stablecoins pegged to multiple assets, starting with the Euro as seen in agEUR.
Users benefit from agEUR by gaining access to a stable currency alternative pegged to the Euro, offering increased utility particularly for European users. As a fully hedged and over-collateralized stablecoin, it enhances market liquidity and stability while minimizing slippage and costs, which is advantageous for issuing, borrowing, or exchanging stablecoins.
Angle Protocol stands out due to its decentralized and capital-efficient design, offering multi-asset pegged stablecoins with an over-collateralized mechanism. Unlike predominantly USD-centric solutions, it started with a Euro stablecoin, addressing regional gaps. Additionally, Angle Protocol is supported by derivatives-backed mechanisms and innovative yield-bearing assets like stEUR, providing unique financial products in the DeFi market.
Angle Protocol is a significant DeFi player due to its focus on security, scalability, and decentralization. It not only introduces novel Euro-centric stablecoin options like agEUR but also provides governance through ANGLE tokens, facilitating decentralized decision-making. This approach aligns with DeFi goals by offering stable and diverse crypto financial instruments.
The governance model of Angle Protocol relies on the ANGLE token, which serves as its governance token. Holders of ANGLE are empowered to vote on crucial decisions, including protocol upgrades and the introduction of new collateral types. Governance occurs through the Angle DAO, ensuring decentralized involvement in the protocol's key functions and future development.
If you encounter issues with stablecoin transactions on Angle Protocol, consider reviewing the protocol's documentation available on their official website to understand transaction protocols. You can also reach out for support via community channels or forums associated with Angle Protocol to gain insights from other users or troubleshooting solutions from the development team.
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