1/ Our USDA stablecoin is now accessible to all!
When using USDA you get:
- a native 10% yield๐ฐ
- exposure to RWAs in the backing ๐๏ธ
- robust anti-depeg mechanisms๐ก๏ธ
- the same liquidity as USDC๐ง
With this new DeFi Superconductor, it's time for Angle 3.0: the Forex Hub ๐งต๐๐ผ
Today is the day - Say hello to stEUR ๐ช๐บ๐
Stake agEUR on Ethereum now, get stEUR + a fixed 4% APY.
Itโs simple:
๐ Native yield paid in agEUR
๐ No minimum deposit
๐ Immediate compounding
๐ No lock, withdraw anytime
Your stEUR is an agEUR on steroids!
To learn more aboutโฆ
1/10 Introducing Angle Protocol, a brand new decentralized stablecoin protocol ๐น๏ธ! We hope to launch on mainnet in October ๐!
A quick protocol and project overview:
๐ ANGLE V2 HAS OFFICIALLY SHIPPED
Remember the USDC depeg and scare in March 2023? ๐
It became very clear that all stablecoins are facing hard problems.
Angle V2 smart contracts are born to solve the hard things:
โ resilience in case of extreme volatility
โ a fair exit forโฆ
1/ Angle Protocol is rather complex to understand! To spread awareness, we have written some quizzes about the protocol!
Check out the first part ๐:
๐ช๐บ Today is a great day for European users of
@avalancheavax
and
@BNBCHAIN
as agEUR is now live on these chains!
๐ฑ They can for the first time enjoy DeFi without having to care about losing money because of Forex risk!
1/ We are thrilled to introduce USDA, Angle's USD stablecoin! ๐บ๐ธ
USDA will offer:
- a Savings solution ๐ฐ
- the same liquidity as USDC ๐ง
- anti-depeg mechanisms ๐ก๏ธ
- borrow/leverage features ๐
Paired with EURA, USDA will boost onchain forex trading!
All you need to know๐งต๐๐ผ
Part 2 of the Angle Knowledge Quizz is live!
Ramping up in difficulty, let's now talk about HAs and SLPs!
Part 1 is still live, so you can still participate if you have not already!
Answers to all quizzes will be posted by the end of next week
๐จ Announcement
Angle will be live on mainnet on November 3rd!
We'll have our first community call one week before on October 27 at 5-6pm CET on Discord!
๐Join us to learn more about the Core Team and the protocol!
Yesterday we announced in our community call that there would be some NFT rewards for the top participants in the 3 Angle Knowledge Quizzes ๐
You have till 8pm CET on Friday to submit your answers!
An overview of the reward ๐
๐๐ช๐บย ZK Rollups, please welcome your first Euro stablecoin: agEUR!
๐ค Thanks to
@ZigZagExchange
, agEUR is live on
@zksync
!
Trade on the agEUR-USDC pair for under $1 gas and with almost no latency! More pairs coming soon! ๐
#AngleKnowledgeQuiz
is over! You have been more than 15k to participate to each of the 3 quizzes! This is HUGE!
Now is time for rewards ๐! We'll be giving NFTs on Polygon to the best participants!
Our custom Rinkeby faucet already distributed testnet tokens to more than 3200 verified addresses ! ๐ฆพ๐
We sent:
~ 110 ETH + 110 WETH
~ 3.6M DAI + 3.6M USDC (
@compoundfinance
's test tokens)
A huge shout out to each tester for their dedication and their valuable feedback !
Angle Protocol is impacted by the Euler exploit. The protocol had 17.6m USDC deposited on Euler.
The protocol has been paused, debt ceilings set to 0, and the Euler AMO has been wound down.
We are monitoring the situation and will communicate updates as soon as we have them.
Weโre excited to see
@FinanceFlorence
start with a bang on
@arbitrum
!
They are here to step up RWA-based lending and are using agEUR as a redemption currency ๐ฅ
Go listen to the future of finance and
@DukeFlorence69
today at 8pm CET / 2pm ET๐
1/ Next Wednesday we will launch agEUR, the first reliable and liquid Euro stablecoin, and along with it, ANGLE, the governance token of the protocol. It's time to share in some details the tokenomics of the project ๐น๏ธ:
1/ Angle Protocol is the result of heavy and extensive research ๐ฌ. It covers far more than building a capital-efficient and bank-run resistant system.
Here, we wrote some maths to explain why we designed our oracle solution the way it is:
Now that the quizzes are over, we're happy to introduce the
#AngleMemeContest
๐ผ๏ธ!
It will be running between now and Tuesday 2nd of November 8pm CET!
The goal is to produce memes around the imminent Angle mainnet launch on Wednesday!
To submit a meme, you just have to post it on Twitter and tag
@AngleProtocol
with the
#AngleMemeContest
hashtag, and also post it on Discord in the
#memes
channel!
The best meme will be rewarded with 2000 ANGLE tokens ๐
Let's have fun ๐
Our community call starts at 5pm CET on Discord ๐น!
Agenda ๐
- Team and project introduction
- Roadmap and mainnet launch details
- Some general announcements
- And then to conclude an AMA session!
Beyond Redstone and Chainlink, Angle also relies on
@PythNetwork
oracles๐ฎ
Letโs delve into how and why Angle leverages Pyth to secure the protocol๐
At the heart of Angleโs stability mechanism for agEUR lies a module called the Transmuter, which supports different collateralโฆ
Angle brings the top of DeFi and economics research together๐! All the protocol's elements have been carefully thought of and evaluated.
Here, we leverage some maths to explain in details why we MUST take some tx fees for our stablecoins:
๐จ๐TODAY IS A GOOD DAY๐จ๐
๐ฅFor the juicy bit of this news go directly to the end of this tweet ๐
Our own
@pablo_veyrat
announced ANGLE V2 on the
@ethCC
Main stage.
Our goal at Angle is to revolutionize the way you enjoy Defi and make it actually enjoyable.
Theโฆ
๐ช๐บ agEUR rebrands to EURA ๐ช๐บ
Say hello to EURA, Angle's Euro stablecoin fresh new name!
This rebranding marks a pivotal step in Angle's commitment to streamlining and enhancing DeFi usability.
Read more:
๐ Angle App now integrates
@LayerZero_Labs
Scan to make the bridging experience smoother!
๐ Users can now bridge agEUR between Ethereum, Poly, Opti and Arbi and keep track of the status of their bridge transaction from the source to the destination chain in just one place.
1/ Angle is a derivatives-backed protocol. Like
@UXDProtocol
, it has an insurance fund. Only here, our fund also has deposits of another type of ppl called SLPs!
We explain why you should become a SLP when Angle launches on mainnet:
USDA is collaborative teamwork ๐ช๐ผ
And
@ether_fi
will have a significant role in it!
eETH liquid restaking tokens (LRTs) will be one of the assets to borrow USDA on Morpho Blue!
At the same time as the mainnet launch, Angle Liquidity Mining Program will also start on Wednesday! This week, 3,106,834 tokens will be distributed with:
- 70% agEUR staking
- 14% sanUSDC_EUR staking
- 14% sanDAI_EUR staking
- 2% owners of DAI/EUR and USDC/EUR long perps
๐ฃ๏ธ
@odosprotocol
now supports routing through Angle Core module smart contracts!
If you want to trade large amounts of agEUR with limited slippage, head to:
(๐ will also do the job perfectly!)
๐งพ Any DAO contributor can now issue invoices in agEUR on
@RequestNetwork
!
๐ช Request +
@Superfluid_HQ
+ agEUR on its way to becoming the magical trio for DAOs โฌ payments!
More than 100Mโฌ in
@CurveFinance
's 3eur pool thanks to
@ConvexFinance
's incentives ๐ฅ๐ฅ
agEUR's peg has never been so tight. And things are only starting for onchain forex ๐
1/ A few days ago we introduced USDA, Angleโs USD stablecoin ๐ต
USDA will offer an unparalleled combination of reliability, yield, liquidity and transparency!
How will USDA work concretely? What are the mechanisms behind the stablecoin?โ๏ธ๐ ๏ธ
Hang on tight! ๐งต๐๐ป
1/ It's not because our mainnet launch is imminent that we are giving up on sharing our research results!
Today, we explain how we can offer perpetual futures with up to a 100x leverage using an external oracle feed while remaining front-running proof!
Mainnet launch in 5 hours ๐! Get ready to:
Get some Euro exposure
Open leverage Forex positions
Gain a leveraged yield on USDC and DAI
Or simply farm ANGLE tokens
is where the magic will happen ๐ช! Decentralization matters, our app is hosted on IPFS
1/ Angle Protocol will be live on the 3rd of November at 5pm CET!
Are you as excited as the participants of the
#AngleMemeContest
by this?
Some launch details and warnings:
๐ช๐บย For the very first time in DeFi, thanks to the
@StakeDAOHQ
fam ๐, it is possible to get a lending yield on a Euro stablecoin.
๐ย Lending and borrowing of agEUR is available on
@RariCapital
in the Animal Kingdom pool!
Want to really understand the RWAs buzz?
๐ปJoin us on Monday Sept 18 at 6pm CET
Just like Angle,
@Centrifuge
and
@Redstone
are pioneering and building non stop on that front
Be ready for a deep dive into the future of open finance๐
USDA is a team effort ๐ช๐ผ
@LayerZero_Labs
will play a big role in USDA adoption by making it an omnichain stablecoin.
Thanks to
@LayerZero_Labs
's bridge, users will be able to seamlessly move USDA across Ethereum, Arbitrum, Optimism, Base, and more networks!
1/ Yesterday, we unveiled our new stablecoin: USDA
USDA will come with a dollar Savings solution: stUSD๐ฐ
Itโs simple! Deposit USDA, receive stUSD, and earn the best of TradFi & DeFi risk-adjusted yields!
No minimum deposit. No lockup period. No fees. Immediate rewards.
๐งต๐๐ผ
1/ With Angle, it is possible to open long-term long positions without paying funding fees or borrowing interest rates!
Check this article to understand the magic:
A stablecoin is a standard.
Like any successful standard, the key to the widespread adoption of a stablecoin lies in its universal usability across multiple chains.
That's where Angle and
@LayerZero_Labs
step in!
For the past 18 months, Angle has been harnessing LayerZero'sโฆ
#AngleMemeContest
is over! Thanks to all the participants, it's crazy to see what the community has been able to put up!
An overview of the winning memes ๐
๐ค Starting on Wednesday,
@OlympusDAO
will help us take ownership of our liquidity!
Weโll have an AMA on Thursday at 4pm UTC to explain the details of the program!
๐ Reminder: There is an
@AaveAave
governance proposal to deploy the V3 on Polygon with agEUR support!
๐ช๐บ This would open the gates for European DeFi users to get yield on โฌ without having to care about Forex risk.
๐ A great first step in making DeFi more inclusive globally
USDA thrives on teamwork ๐ช๐ผ
@redstone_defi
, the modular oracle, will play an essential role in the issuance of USDA ๐ต
It will provide ongoing updates to accurately value collateral assets against the stablecoin, ensuring the correct price for minting or burning USDA.
Our current focus is mainnet deployment, we're doing our best but you should expect these to arrive in a couple of weeks!
In the meantime, we have posted answers to the quizzes on Discord!
These will remain open for those that want to check their understanding of the protocol!
1 agEUR = 1 EUR
This one is not from us, but from
@holyheld
which has just waived its fees for agEUR ๐ช๐บ
You can now use your agEUR balance to spend EUR with no fees in real life using an Holyheld debit card.
Time for freedom of fee-free transactions has come!
1/ At Angle, we like to spend time writing educational content in our blog.
As some of our community members are starting to translate our docs in their home language, we want to summarize the educational efforts we have made so far!
A thread ๐งต
The
@CamelotDEX
pools that will fuel your wallet for the next 3 months are now live and receiving ARB incentives.
No one will be left behind so this is an explainer๐
What is stEUR?
Short answer: the best way to make your money work harder than you.
To get stEUR: you justโฆ
Get involved - Angle governance is now permissionless!
The protocol has finished transitioning its governance to a full onchain setup!
Key updates:
๐ Enhanced transparency and predictability: if you are an Angle stakeholder, you now have a 24-hour window to opt-out after anyโฆ
Many of you asked and itโs here!
More โฌ coming your way on
@Arbitrum
with our newest agEUR-USDC pool on
@KyberSwap
! ๐, ๐งก
Stay tuned for the rewards coming up soon ๐
With more than 12.6k people on Discord๐น๏ธ providing feedback on our app, our badass dev team is working day and night to improve the Angle experience before our mainnet launch ๐!
Check out our Canny page to help us build
Community makes the dream work
๐ช๐บ Angle Transmuter launch is currently being voted on Snapshot. The collaterals proposed are all denominated in Euro.
If this goes through, this would make agEUR uncorrelated to the EURUSD exchange rate, and to the depeg of any USD stablecoin.
๐ถ stronger together ๐ช
๐ช๐บ Angle is one of the few places that let you borrow a EUR-pegged stablecoin and keep all your debt denominated in EUR!
This is really cool for all the Europeans out there protecting themselves against constant change risk, but not only for them ๐๐
Got PT-weETH and wondering what to do next?
You can now use it to borrow USDA while still earning its 24.26% yield! ๐ฐ
All through the
@Re7Capital
vault on Morpho Blue.
Today we express gratitude towards the incredible support of Angle DAO members and the exceptional grit of
@eulerfinance
to retrieve the funds.
This event prompted a fantastic solidarity and even more dedication to secure the protocol and work on a v2.
Now time to move forward!
Ready for an update?
Yesterday, after 3 weeks, the Euler exploiter of March 13th returned all of the recoverable stolen assets to the Euler DAO treasury.
It is one the largest recoveries in DeFi history.
After months of hard work, this is it!๐ฅณ
We're bringing Forex to
@arbitrum
with the deployment of our Borrowing module๐
๐ช๐บย Borrow agEUR to gain some โฌ exposure or get a capital-efficient leverage on wETH and USDC with minimized liquidation penalties
๐
๐Today is the 1st anniversary of agEUR on Ethereum mainnet!
Letโs go over some big achievements for agEUR and
#Angle
!๐งต
๐ช๐บ In 1 year, agEUR:
๐became the most traded โฌ stablecoin on DEXes with >โฌ6.5bn volume
๐got integrated among a wide range of DeFi projects in >10 chains
๐ช๐บโก agEUR is a stablecoin built for payments!
๐ We wrote a quick guide to explain how you can leverage our powerful partners
@RequestNetwork
,
@Superfluid_HQ
and
@mtpelerin
to pay and get paid in agEUR!
๐ Some companies are already using it...
๐
We're setting up the USDA stablecoin!๐ ๏ธ
At launch, USDA backing will include
#RWAs
like bIB01 โ a
@BlackRock
ETF tokenized by
@BackedFi
โ along with steakUSDC from
@SteakhouseFi
and USDC. Borrowing will be handled on
@MorphoLabs
๐ฆ
With the yield earned by Angle through thisโฆ
Angle introduces a brand new stablecoin mechanism, designed for robustness, scalability and efficiency! We are happy to share it with the DeFi community ๐น๏ธ
A wonderful gift from our friends of
@BeaverCrafterC
, who introduced an ANGLE Cap in their NFT Metaverse.
They are working hard on a procedural mobile game playable with your NFT where all traits have an impact on gameplay.
It's launching tomorrow ! ๐
Following the schedule voted by Angle Governance, the stEUR rate has been updated to 7.96% ๐
๐คHow come?
Angle earns a revenue on its assets, notably from people borrowing agEUR and yield-bearing RWAs in its reserves.
Not all agEUR are eligible to this revenue: rather you needโฆ
๐Smart contracts are done with their audit: veANGLE is coming this week!
๐Locking, boosting, and interests distribution will all be released in the coming days!
Check out this article for the upgrade timeline:
All our thoughts and efforts since the
@eulerfinance
hack on the 13th of March have been with the affected users of the Angle Protocol.
We are devastated by the current situation and dedicated to finding a solution as soon as possible.