What is Angle Protocol?
Angle Protocol is a decentralized stablecoin protocol with advantages such as over-collateralized and capital efficiency.
The project can be used to issue any kind of stablecoin. It will start by creating the first liquid Euro stablecoin on-chain.
Angle Protocol will have 3 main groups of project participants contributing to the benefit of the protocol, including:
- Stable Seekers and Holders (or Users): Those who will mint, use, or burn stable assets.
- Hedging Agents – Hedging Agents (HAs): Those who can get leverage onchain in the form of perpetual futures (Perpeptual) in just one transaction from the protocol. This will secure the protocol against collateral volatility.
- Standard Liquidity Providers (SLP): Those who bring additional collateral to the protocol and automatically earn interest on trading fees and rewards.
Project highlights
Stablecoin EUR with best liquidity
Liquidity will always be maintained as the Angle Protocol allows swapping between stablecoins and other collateral.
For those of you who do not use USD-peated stablecoins, such as Europe, the agEUR minted by Angle Protocol will be the currency that helps you resist the influence of the exchange rate of the two currencies. on effectively.
Optimizing capital
The Angle Protocol is designed to provide Over-Collateralization Loans, while still providing efficiency for Under-Collateralized Assets.
Therefore, Lenders bear a higher risk, however, because it is guaranteed by project, lenders will still receive high rewards and borrowers will also benefit.
Open an on-chain Forex position with great leverage
Angle Protocol allows you to open long on-chain positions for a supported collateral/stable pair (for example, with USD/EUR, USD would be a collateralized stablecoin) with up to 100x leverage on the Ethereum network.
Profits from mortgages
You can deposit tokens into Angle Protocol and receive equivalent LP Tokens in the form of “sanTokens” to over-collateralize on the protocol.
This type of token will accrue profits from transaction fees, profit-making strategies from the reserve fund.
Token Information
- Token Name: Angle Protocol Token.
- Ticker: ANGLE.
- Blockchain: Ethereum.
- Token Standard: ERC20.
- Contract: 0x31429d1856ad1377a8a0079410b297e1a9e214c2
- Token Type: Utility.
- Total Supply: 1.000.000.000 ANGLE.
- Circulating Supply: 43.236.957 ANGLE.
Token Utility
- ANGLE Token will be used for project administration.
- Tokens to pay for the platform, exchange and trade used as payment fees for applications.
Token Allocation
- Early Backers: 10%
- Strategic Partners: 12%
- Core Teams: 18%
- Liquidity Mining: 40%
- DAO Treasury: 20%
Roadmap
- November 3, 2021, project officially mainnet on Ethereum.
- The project intends to allow the minting of many other stablecoins based on a variety of assets to serve a variety of user needs.
Project team, investors & partners
Investors & Partners
Social
Website: https://www.angle.money
Twitter: https://twitter.com/AngleProtocol
Telegram: https://t.me/AngleAnnouncements
Final thoughts
Through the above article, CryptoChill has provided you with detailed information about the Angle Protocol project and the ANGLE token. Let’s learn and evaluate the project to make the best investment decisions.
Disclaimer: This post is not investment advice. You will be 100% responsible for your investment decisions.
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