Angle

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Description

Angle is a DeFi protocol offering over-collateralized stablecoins, such as agEUR, on the Ethereum blockchain. Launched in 2021, Angle aims to deliver stablecoin solutions pegged not only to USD but also to other currencies like the Euro, Swiss Franc, and British Pound. Its main product, agEUR, is a Euro-pegged stablecoin backed by derivatives and insurance funds. The protocol is designed for capital efficiency, permitting stablecoin issuance, borrowing, and trading with minimal slippage and low costs. ANGLE, the governance token, allows holders to influence protocol upgrades and collateral types. Notably, Angle's derivatives-backed mechanisms facilitate collateral swapping at oracle values, promoting arbitrage opportunities. Offering yield opportunities through leverage without funding rates, Angle is democratizing DeFi by expanding stablecoin offerings beyond conventional USD pegs. Angle Protocol's roadmap includes issuing stablecoins pegged to various fiat and non-fiat underlyings to enhance DeFi inclusivity.

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FAQ

What is the primary purpose of the Angle Protocol?

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.

How can users benefit from using agEUR, the stablecoin from Angle Protocol?

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.

What sets Angle Protocol apart from other stablecoin solutions?

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.

Why is Angle Protocol relevant in the DeFi space?

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.

How does the governance model of Angle Protocol work?

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.

What should I do if I'm facing issues with stablecoin transactions on Angle Protocol?

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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