The stablecoin protocol behind EURA and USDA. Now winding down. ๐Ÿ‘‰๐Ÿผ The adventure continues at @merkl_xyz

Today is the day - Say hello to stEUR ๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‘‹ Stake agEUR on Ethereum now, get stEUR + a fixed 4% APY. Itโ€™s simple: ๐Ÿ“ Native yield paid in agEUR ๐Ÿ“ No minimum deposit ๐Ÿ“ Immediate compounding ๐Ÿ“ No lock, withdraw anytime Your stEUR is an agEUR on steroids! To learn more about how stEUR works and where the yield comes from, check out our blog article: angle.money/blog/announcemenโ€ฆ With stEUR, Angle is now fully entering the value-sharing era DeFi is made for.
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1/10 Introducing Angle Protocol, a brand new decentralized stablecoin protocol ๐Ÿ•น๏ธ! We hope to launch on mainnet in October ๐Ÿ! A quick protocol and project overview:
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"๐˜ˆ๐˜ฏ๐˜จ๐˜ญ๐˜ฆ ๐˜ช๐˜ด ๐˜ต๐˜ฐ๐˜ฐ ๐˜ค๐˜ฐ๐˜ฎ๐˜ฑ๐˜ญ๐˜ฆ๐˜น, ๐˜ ๐˜ฅ๐˜ฐ๐˜ฏโ€™๐˜ต ๐˜ถ๐˜ฏ๐˜ฅ๐˜ฆ๐˜ณ๐˜ด๐˜ต๐˜ข๐˜ฏ๐˜ฅ ๐˜ธ๐˜ฉ๐˜ข๐˜ต ๐˜บ๐˜ฐ๐˜ถ ๐˜จ๐˜ถ๐˜บ๐˜ด ๐˜ฅ๐˜ฐ" ๐Ÿคท Well, it's no longer an excuse because of this:
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๐ŸŽ‰ ANGLE V2 HAS OFFICIALLY SHIPPED Remember the USDC depeg and scare in March 2023? ๐Ÿ“‰ It became very clear that all stablecoins are facing hard problems. Angle V2 smart contracts are born to solve the hard things: โœ…resilience in case of extreme volatility โœ…a fair exit for all in case of black swan event โœ…more value-sharing with protocol participants ๐Ÿ‘€ Wondering what we mean by value-sharing? The reserves of agEUR will now include more diversified assets, including bC3M, a tokenized short-term and risk-free Euro bonds ETF from @BackedFi. This asset in the reserves will accrue interest and be the first piece to stream a risk-free yield to all agEUR holders staking their agEUR. Get ready for stagEUR ๐Ÿ’ฐ ๐Ÿ“It will never be stated enough that safety and resilience are the foundations to create the promise of composability and value sharing that Defi holds. And thatโ€™s why the Angle core contributors got to work ๐Ÿ“ Make sure to tune in on Friday August 11 at 6pm CET to hear more about the future of stablecoins ๐Ÿ“ป
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$agEUR continues its quest to be everywhere you need it! @BitkeepOS wallet now integrates agEUR ๐Ÿ‡ช๐Ÿ‡บ
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๐ŸŽ‰Angle is officially live on the Ethereum mainnet! blog.angle.money/angle-is-liโ€ฆ
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๐Ÿ‡ช๐Ÿ‡บ Today is a great day for European users of @avalancheavax and @BNBCHAIN as agEUR is now live on these chains! ๐Ÿ’ฑ They can for the first time enjoy DeFi without having to care about losing money because of Forex risk!
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USDA private beta will start soon!๐Ÿ‘€ Participants will be rewarded with OP tokens!๐ŸŽ Stay tuned!
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1/ We are thrilled to introduce USDA, Angle's USD stablecoin! ๐Ÿ‡บ๐Ÿ‡ธ USDA will offer: - a Savings solution ๐Ÿ’ฐ - the same liquidity as USDC ๐Ÿ’ง - anti-depeg mechanisms ๐Ÿ›ก๏ธ - borrow/leverage features ๐Ÿ“ˆ Paired with EURA, USDA will boost onchain forex trading! All you need to know๐Ÿงต๐Ÿ‘‡๐Ÿผ
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Part 2 of the Angle Knowledge Quizz is live! docs.google.com/forms/d/e/1Fโ€ฆ 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
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๐Ÿšจ 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! ๐Ÿ‘‹Join us to learn more about the Core Team and the protocol!
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Yesterday we announced in our community call that there would be some NFT rewards for the top participants in the 3 Angle Knowledge Quizzes ๐Ÿ“š You have till 8pm CET on Friday to submit your answers! An overview of the reward ๐ŸŽ
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๐Ÿ‡ช๐Ÿ‡บ It has just become far easier to trade โ‚ฌ on @Avalancheavax! Our $agEUR-$USDC pool on @traderjoe_xyz now has $200k of liquidity!
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๐Ÿ‘‹๐Ÿ‡ช๐Ÿ‡บย ZK Rollups, please welcome your first Euro stablecoin: agEUR! ๐Ÿค 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! ๐Ÿš€
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#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 ๐ŸŽ! We'll be giving NFTs on Polygon to the best participants!
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Our custom Rinkeby faucet already distributed testnet tokens to more than 3200 verified addresses ! ๐Ÿฆพ๐Ÿš€ 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 !
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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.
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1/ Tomorrow Angle will launch the most robust Euro stablecoin and open a new era in DeFi!
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Beyond Redstone and Chainlink, Angle also relies on @PythNetwork oracles๐Ÿ”ฎ Letโ€™s delve into how and why Angle leverages Pyth to secure the protocol๐Ÿ‘‡ At the heart of Angleโ€™s stability mechanism for agEUR lies a module called the Transmuter, which supports different collateral assets. Each collateral asset within the Transmuter comes with multiple oracles. Oracle redundancy is key in ensuring that the protocol is resilient to oracle failures and that it can reliably detect when collateral assets in the backing are deviating from their peg. In the context of Pyth, Angle reads into EURC/USD and USD/EUR price feeds to derive the EURC/EUR price for people to mint and burn agEUR with EURC. Pyth oracles are on demand oracles that anyone can permissionlessly update: this means that price data could be updated as regularly as every block. If a depeg was to happen, an oracle refresh could be pushed within the second onchain, hereby reducing the delta between the prices the protocol uses and the actual prices of the concerned tokens. In scenarios where the EURC/EUR value falls below 1, signaling a depeg of EURC, to prevent a run on the reserves (e.g. burning agEUR for the other collateral assets of the system), the protocol automatically updates the oracle value of all the other collateral assets. In this situation, if a user opts to burn agEUR for another collateral asset, the protocol imposes a penalty proportional to the deviation in the EURC price as reported by Pyth. This mechanism effectively discourages burning agEUR for stable collateral assets, thus protecting the protocol from overexposure to weaker assets. So technically, while Angle only reads into Pyth oracles for EURC, the impact of this oracle extends to all supported assets within the protocol. This holds as well for the collateral assets of the protocol which are secured through Chainlink and Redstone feeds. These oracles often overlap in their functions, ensuring a fallback in case one oracle fails. The key distinction with Pyth is its on-demand price refresh capability, allowing real-time updates on the blockchain, and contributing to the overall robustness and responsiveness of the protocol.
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๐ŸŽ‰ย Angle Borrowing module is officially live on the Ethereum mainnet! blog.angle.money/angle-borroโ€ฆ
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Weโ€™re 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 ๐Ÿ”ฅ Go listen to the future of finance and @DukeFlorence69 today at 8pm CET / 2pm ET๐Ÿ‘‡
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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 ๐Ÿ•น๏ธ: blog.angle.money/angle-protoโ€ฆ
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Looks like agEUR has become the biggest Euro stablecoin ๐ŸŽ‰!
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agEUR. Borrowing Module. @avalancheavax Thatโ€™s it, thatโ€™s the tweet! ๐Ÿ”บ๐Ÿ“
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Some agEUR liquidity is now available on @PancakeSwap! This makes agEUR the first liquid โ‚ฌ stablecoin on @bnbchain๐Ÿ‡ช๐Ÿ‡บ
The $agEUR Farm is now live on BSC PancakeSwap! ๐Ÿ‘จโ€๐ŸŒพ Stake $agEUR - USDT LP to earn $CAKE: pancakeswap.finance/farms ๐Ÿ‘‡ APR will decrease as liquidity increases.
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Angle Protocol is on @DeBankDeFi! Let's connect and say Hi! ๐Ÿ’ฌ ๐Ÿ”—debank.com/official/Angle_Prโ€ฆ
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Angle is bringing finance onchain on @base! No fees. No minimum deposit. Instant withdrawals. Stablecoins accessible 24/7.
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Looks like the growth of the protocol is steady! $103m TVL ๐ŸŽŠ agEUR has become the third biggest Euro stablecoin
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1/ Our USDA stablecoin is now accessible to all! When using USDA you get: - a native 10% yield๐Ÿ’ฐ - exposure to RWAs in the backing ๐Ÿ›๏ธ - robust anti-depeg mechanisms๐Ÿ›ก๏ธ - the same liquidity as USDC๐Ÿ’ง With this new DeFi Superconductor, it's time for Angle 3.0: the Forex Hub ๐Ÿงต๐Ÿ‘‡๐Ÿผ
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Something's comingโ€ฆ๐Ÿ‘€
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1/ Angle Protocol is the result of heavy and extensive research ๐Ÿ”ฌ. 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: blog.angle.money/angle-reseaโ€ฆ
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Now that the quizzes are over, we're happy to introduce the #AngleMemeContest ๐Ÿ–ผ๏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!
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Our community call starts at 5pm CET on Discord ๐Ÿ•น! Agenda ๐Ÿ—“ - Team and project introduction - Roadmap and mainnet launch details - Some general announcements - And then to conclude an AMA session!
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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 ๐ŸŽ‰ Let's have fun ๐Ÿ””
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AIP-45 to launch an Angle Gold Stablecoin was approved! Brace yourself, agGOLD is coming ๐Ÿ‘‘
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USDC on @Starknet have never worked harder! Earn yield from the Angle Dollar savings solution + STRK tokens + Nimbora points, by depositing USDC into the new @Nimbora_ nstUSD strategy ๐Ÿ”—โคต๏ธ All you need to know: blog.angle.money/earn-yield-โ€ฆ
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๐Ÿ’  New @iearnfinance strategy built on top of @CurveFinance 3EUR pool! ๐Ÿ‡ช๐Ÿ‡บ Get a 26.43% yield on โ‚ฌ!
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Time for scalability has come! agEUR is live on @StarkWareLTD StarkNet! ๐ŸŒ‰ Bridge now agEUR from Ethereum to StarkNet and from StarkNet to Ethereum!
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agEUR is back on track ๐ŸŽ๏ธ Angle is reopening ๐Ÿ‘ All while EUR ๐Ÿ†™
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In Oct 2024, Angle Protocol lent ~$80k to @CoinstoreExc for the listing of USDA & stUSD. Despite repeated attempts, the funds were never returned, with Coinstore alleging operational issues with one of their market makers. Due to @CoinstoreExc's incompetence and lack of professionalism, having either lost or misused our money under a loan agreement, we feel compelled to make this public after repeated warnings. If youโ€™re considering working with @CoinstoreExc for a listing or trading, we strongly advise against it. Angle Protocol remains fully secure, your funds are safe.
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๐Ÿ‘ป๐Ÿ‡ช๐Ÿ‡บ Angle partnering with @RevenantFinance and @Screamdotsh to bring the first Euro markets on @FantomFDN! Bridging agEUR and ANGLE is already available thanks to @MultichainOrg!
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Angle brings the top of DeFi and economics research together๐ŸŽ“! 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: blog.angle.money/angle-reseaโ€ฆ
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๐Ÿ‡ช๐Ÿ‡บ agEUR rebrands to EURA ๐Ÿ‡ช๐Ÿ‡บ 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: angle.money/blog/announcemenโ€ฆ
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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: blog.angle.money/angles-valuโ€ฆ
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๐Ÿšจ๐Ÿ“TODAY IS A GOOD DAY๐Ÿšจ๐Ÿ“ ๐Ÿ”ฅFor the juicy bit of this news go directly to the end of this tweet ๐Ÿ‘‡ 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. The infrastructure that will support agEUR is set to make build a stablecoin that is: โœ…ย safe and relies on auditable smart contracts โœ…ย resilient to cases of extreme volatility โœ…ย fair to all holders in case of black swan events โœ…ย diversified with a backing including notably short term yield-generating tokenized bonds ๐Ÿ‘€ These are pre-requisites and foundations for trust and adoption in this space. With this super-infrastructure, Angle will bring you what Defi is meant for since the beginning: more value-sharing and composability in a transparent context. ๐Ÿ“Stay tuned for the Angle savings rate: the power of Defi will be full force this fall to automatically stream a risk-free yield to all agEUR holders ๐Ÿ“
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๐Ÿ“ Angle App now integrates @LayerZero_Labs Scan to make the bridging experience smoother! ๐ŸŒ‰ 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.
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USDA is collaborative teamwork ๐Ÿ’ช๐Ÿผ 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!
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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
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Coming (really) soon! Get ready๐Ÿ‘€
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๐Ÿ›ฃ๏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: app.odos.xyz/ (๐Ÿ˜‰ app.angle.money will also do the job perfectly!)
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$60m TVL, more than 30m agEUR issued ! Looks like the >400% APR on Euro did not go unnoticed This is just a beginning ๐Ÿ‘€
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1/ A few days ago we introduced USDA, Angleโ€™s USD stablecoin ๐Ÿ’ต USDA will offer an unparalleled combination of reliability, yield, liquidity and transparency! How will USDA work concretely? What are the mechanisms behind the stablecoin?โš™๏ธ๐Ÿ› ๏ธ Hang on tight! ๐Ÿงต๐Ÿ‘‡๐Ÿป
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Angle agEUR ๐Ÿ”› @0xPolygon zkEVM
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๐Ÿงพ Any DAO contributor can now issue invoices in agEUR on @RequestNetwork! ๐Ÿช„ Request + @Superfluid_HQ + agEUR on its way to becoming the magical trio for DAOs โ‚ฌ payments!
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Angle Savings solution yield + STRK tokens incentives + Nimbora points It's time to make your USDC on Starknet work harder!
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More than 100Mโ‚ฌ in @CurveFinance's 3eur pool thanks to @ConvexFinance's incentives ๐Ÿ”ฅ๐Ÿ”ฅ agEUR's peg has never been so tight. And things are only starting for onchain forex ๐Ÿ‘€
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DAI with dignity... ๐Ÿชฆ Upgrade to USDA! Go to byebyedai.com and swap your DAI for USDA (or your sDAI for stUSD). With USDA, you get: โ†’ No freeze function โ†’ 24/7 real-time backing โ†’ Higher yield "No need to reach the SKY when the ground holds its own treasures."
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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! blog.angle.money/angle-reseaโ€ฆ
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Mainnet launch in 5 hours ๐Ÿš€! Get ready to: Get some Euro exposure Open leverage Forex positions Gain a leveraged yield on USDC and DAI Or simply farm ANGLE tokens app.angle.money is where the magic will happen ๐Ÿช„! Decentralization matters, our app is hosted on IPFS
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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:
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"So you just swap your USDC for stUSD with 0 fees here, and you start earning a safe 16% dollar yield on your stablecoins."
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๐Ÿ‡ช๐Ÿ‡บย For the very first time in DeFi, thanks to the @StakeDAOHQ fam ๐Ÿ™, it is possible to get a lending yield on a Euro stablecoin. ๐Ÿ˜ย Lending and borrowing of agEUR is available on @RariCapital in the Animal Kingdom pool! app.rari.capital/fuse/pool/2โ€ฆ
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๐ŸคAngle will partner with @Superfluid_HQ to make agEUR streamable when it's live on @0xPolygon! blog.angle.money/angle-superโ€ฆ
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Want to really understand the RWAs buzz? ๐Ÿ“ปJoin 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 finance๐Ÿ‘‡
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Finally! The @ConvexFinance effect! Get a 334% CVX + CRV + ANGLE yield by staking your 3EUR LP tokens on Convex convexfinance.com/stake
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USDA is a team effort ๐Ÿ’ช๐Ÿผ @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!
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stEUR is now available in the @nashsocial crypto app! ๐Ÿ“ฒ Earn a 6.9% yield on your Euro in Nash Earn. Simply add funds into the pool and start earning interest! ๐ŸŒฑ No lockup period, no minimum deposit.
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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: blog.angle.money/angles-valuโ€ฆ
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#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 ๐Ÿ†
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1/ We have written an article to introduce some of the main characteristics of Angle's stablecoins (agTokens) ๐Ÿ’ฑ blog.angle.money/angles-valuโ€ฆ
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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's message-passing capabilities, empowering agEUR liquidity to flow effortlessly between various chains. Why LayerZero stands out? ๐Ÿง‘โ€๐Ÿ’ป LayerZero offers a neat UX. All it takes to go from one chain to another is a transaction on the start chain. Plus, the fees are consistent, whether you bridge 1 or 10,000 agEUR โ€“ you only pay for the gas used in source chain tokens. ๐Ÿชž It's transparent. LayerZero has built-in analytics so tracking the journey of bridged transactions is straightforward. Say goodbye to the uncertainty of losing tokens during bridging. ๐Ÿ•ธ๏ธ It's convenient and connects virtually any chain. Angle supports 11 chains with LayerZero, and it's possible to seamlessly transfer agEUR between any of them. You may get agEUR on Ethereum, and go to Arbitrum then Gnosis Chain then Celo before falling back to Polygon, without the need for a central hub. ๐Ÿ” Last but not least, it's safe and secure for the protocol. Angle incorporates custom security checks to ensure resilience against bridge token failures. In the unlikely event of a LayerZero failure, Angle's dynamic caps, visible on our Analytics, would enable the protocol to limit potential losses and swiftly switch to an alternative bridge solution, safeguarding agEUR holders. In 18 months, there have been over 7.6 million agEUR cross-chain transfers via LayerZero, a testament to the reliability and effectiveness of this integration.
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๐Ÿค Starting on Wednesday, @OlympusDAO will help us take ownership of our liquidity! Weโ€™ll have an AMA on Thursday at 4pm UTC to explain the details of the program!
In our journey to help DAOs take ownership of their own liquidity, meet our newest #OlympusPro partners and learn how to bond to earn rewards at the $OHM AMA on Nov 18 at 4 PM UTC! @Keeper_DAO @mstable_ @groprotocol @banklessDAO @AngleProtocol @Everipedia olympusdao.medium.com/olympuโ€ฆ
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1/ Yesterday, we unveiled our new stablecoin: USDA USDA will come with a dollar Savings solution: stUSD๐Ÿ’ฐ Itโ€™s 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. ๐Ÿงต๐Ÿ‘‡๐Ÿผ
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USDA thrives on teamwork ๐Ÿ’ช๐Ÿผ @redstone_defi, the modular oracle, will play an essential role in the issuance of USDA ๐Ÿ’ต It will provide ongoing updates to accurately value collateral assets against the stablecoin, ensuring the correct price for minting or burning USDA.
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๐Ÿ”” Reminder: There is an @AaveAave governance proposal to deploy the V3 on Polygon with agEUR support! ๐Ÿ‡ช๐Ÿ‡บ This would open the gates for European DeFi users to get yield on โ‚ฌ without having to care about Forex risk. ๐ŸŒ A great first step in making DeFi more inclusive globally
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1/ We're excited to launch our Social Education Program! ๐Ÿ“๐Ÿค“ It's super easy ๐Ÿ‘Œ๐Ÿผ > Create content about Angle > Earn 'Prots' credits for every view your post receive > Redeem 'Prots' for ANGLE tokens in September PS: we've already awarded recent posters ๐Ÿ† Earn Prots now โฌ‡๏ธ
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Yesterday we dived into the state of RWAs with @redstone_defi and @centrifuge And a Part 2 is required ๐Ÿš€ Weโ€™re bringing in top builders that are brewing RWAs revolutions in this space Join us with @0xMantle, @pendle_fi, @eulerfinance and @redstone_defi to know whatโ€™s next
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Got PT-weETH and wondering what to do next? You can now use it to borrow USDA while still earning its 24.26% yield! ๐Ÿ’ฐ All through the @Re7Capital vault on Morpho Blue.
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$agEUR is now live on @CeloOrg! ๐ŸŒ‰ Bridge with our @LayerZero_Labs powered infrastructure from any of the chains already supported by Angle: app.angle.money/#/bridges-agโ€ฆ
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EUROptimistic LPs, get your agEUR โ‚ฌ ready because $OP incentives will start flowing into agEUR @optimismFND pools in a few days! ๐Ÿ’ธ angle.money/#/blog/announcemโ€ฆ
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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!
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โœจ 29% APR in BAL on the @gnosischain agEUR-EURe pool on @Balancer โœจ ๐ŸŒ‰ Bridge your agEUR on the chain with our @LayerZero_Labs bridge at app.angle.money/bridges-agEUโ€ฆ
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1 agEUR = 1 EUR This one is not from us, but from @holyheld which has just waived its fees for agEUR ๐Ÿ‡ช๐Ÿ‡บ 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!
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hAPY 25%
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Angle Labs' CEO @pablo_veyrat is on the main stage now at @EthCC to dive into the future of stablecoins and the potential of onchain forex! Follow the live stream here: ethcc.io/live/grand
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1/ At Angle, we like to spend time writing educational content in our blog. blog.angle.money 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 ๐Ÿงต
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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 explainer๐Ÿ‘‡ What is stEUR? Short answer: the best way to make your money work harder than you. To get stEUR: you just need to get agEUR and stake it. Itโ€™s simple, you stake โ‚ฌ and earn more โ‚ฌ! With stEUR you currently earn a 4.3% APY. Stable and transparent yield. Want to make that stEUR work even harder? Put it in the stEUR pools on Camelot and earn ARB rewards through Merkl. This is thanks to the @arbitrum STIP program. Donโ€™t miss it, it started just 15mins ago and ends on Jan 31st 2024!
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Many of you asked and itโ€™s here! More โ‚ฌ coming your way on @Arbitrum with our newest agEUR-USDC pool on @KyberSwap! ๐Ÿ’™, ๐Ÿงก Stay tuned for the rewards coming up soon ๐Ÿ‘€
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Get involved - Angle governance is now permissionless! The protocol has finished transitioning its governance to a full onchain setup! Key updates: ๐Ÿ“ Enhanced transparency and predictability: if you are an Angle stakeholder, you now have a 24-hour window to opt-out after any governance vote, thanks to our new Timelock system that delays updates by 24 hours. ๐Ÿ“ Open proposal submission: Anyone can propose changes to the protocol without waiting for the governance multisig to implement the voted changes. ๐Ÿ“Simplified voting for veANGLE holders: Vote on Ethereum for all proposals or delegate your vote. For gasless votes, use sdANGLE tokens on @StakeDAOHQ Snapshot space. ๐Ÿ“Secure & cross-chain vote: @LayerZero_Labs message passing solution ensures that governance decisions are smoothly passed across different chains. Angle governance is forked from OpenZeppelin contracts as well as audited @fraxfinance contracts which add refinements on top of the base GovernorBravo implementation (more in our docs). As voted by governance, a multisig remains for now to guard against overt governance attacks and retains a temporary joint ownership of some protocol contracts.
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๐Ÿ‡ช๐Ÿ‡บ 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 ๐Ÿ‘€๐Ÿ‘‡
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With more than 12.6k people on Discord๐Ÿ•น๏ธ providing feedback on our app, our badass dev team is working day and night to improve the Angle experience before our mainnet launch ๐Ÿ‚! Check out our Canny page to help us build angle.canny.io Community makes the dream work
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๐Ÿ‡ช๐Ÿ‡บ 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. ๐Ÿ’ถ stronger together ๐Ÿ’ช
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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.
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