Angle Protocol offers USDA and EURA, stablecoins pegged to the U.S. Dollar and Euro, respectively, which are over-collateralized and designed to maintain price stability through robust reserve mechanisms. By providing users with the ability to earn yield on their holdings while ensuring liquidity and transparency, Angle addresses the need for reliable digital currencies in decentralized finance.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The decentralized finance (DeFi) ecosystem requires stablecoins pegged to traditional currencies like the U.S. Dollar and Euro. Existing stablecoins may lack sufficient stability mechanisms, transparency, and the ability to generate yield for holders.
Solution
Angle Protocol provides USDA and EURA, over-collateralized stablecoins pegged to the U.S. Dollar and Euro, respectively. These stablecoins are designed with robust price stability mechanisms and allow users to earn yield on their holdings. Angle stablecoins offer enhanced solvency through full collateralization and a surplus buffer. The protocol's reserves are transparently available for public scrutiny, and users retain full control over their assets. Angle enables users to swap between USD and Euro stablecoins on-chain at competitive rates and borrow stablecoins against various collateral types.
Target Audience
The primary target audience includes DeFi users, traders, and institutions seeking reliable, yield-generating stablecoins pegged to traditional currencies.
Features
- Over-collateralized stablecoins (USDA and EURA) pegged to the U.S. Dollar and Euro
- Innovative price stability module designed to withstand adverse market conditions
- Ability to earn yield on stablecoin holdings through automated rebalancing of backing assets
- Transparent reserves available for public scrutiny
- On-chain forex capabilities for swapping between USDA and EURA at competitive rates
- Borrowing functionality allowing users to borrow stablecoins against various collateral types
- Integration with DeFi platforms and services