Angle

Angle will be the first decentralized, capital efficient and over-collateralized stablecoin protocol. It could be used to issue any type of stablecoins. It will start by creating the first liquid Euro stablecoin on-chain.

Angle aims to open a new era in DeFi. So far, most DeFi and stablecoin solutions have been Dollar centered. This has many undesirable effects for people which home currency is not the Dollar. In 2020 for example, people from Europe would have needed to make at least a 10% return on their stable USD to make a profit in Euro.

Angle’s goal is to provide open access to financial products for people all around the world. We will thus start by launching the first reliable and liquid stable Euro (agEUR) on Ethereum.

The plan is then to launch a USD stablecoin and to offer fiat stablecoins for other regions heavily involved in DeFi but underserved in terms of stablecoins, including for instance the Swiss Franc, the British Pound, the Japanese Yen or the Korean Won. Angle will also create stable assets pegged to non-fiat underlying like indexes or baskets of currencies.

To make DeFi more inclusive and democratize stablecoins not necessarily pegged to the USD, the Angle Core Team has developed a cutting-edge derivatives-backed and over-collateralized stablecoin protocol.

The protocol will enable users to trustlessly swap a wide range of collateral types against stablecoins and conversely at oracle value thus making it easy for arbitrageurs to bring the price back to peg.

Besides being a highly capital-efficient stablecoin protocol, Angle Protocol will allow anyone to open leverage long positions with no funding rate on collateral/stablecoin pairs or to get yield by depositing collateral. There will be a multiplier effect at stake for these liquidity providers: the protocol can guarantee them higher yield than what common lending protocols like Compound or Aave offer.