### What is ANGLE?

ANGLE is the governance token of the Angle Protocol, which is a decentralised, capital-efficient, and over-collateralised stablecoin protocol. This protocol is designed to issue stablecoins pegged to various assets, such as the Euro (EURA) and the Dollar (USDA), focusing on maintaining price stability and generating yield for users.

### How does ANGLE work?

ANGLE operates as a decentralised protocol on Ethereum and supports multiple blockchains through LayerZero integration. The Angle Protocol uses smart contracts comprising several modules like the Borrowing module, Transmuter, and Algorithmic Market Operations (AMOs). The Transmuter module, for instance, functions as a diversified basket of stablecoins that ensures price stability. The protocol allows users to borrow stablecoins by providing collateral and enables them to earn yield through a native savings system.

### What are the potential use cases for ANGLE?

Potential use cases for ANGLE include:

- **Decentralised Lending and Borrowing**: Users can borrow stablecoins using collateral.
- **Stablecoin Issuance and Management**: Angle provides stablecoins like EURA and USDA.
- **Yield Generation and Savings**: Users can earn native yields on their stablecoins.
- **Cross-Chain Liquidity and Transfers**: Enhanced through partnerships and integration.
- **On-Chain Forex and Currency Exchange**: Facilitating decentralized currency exchanges.

### What is the history of ANGLE?

ANGLE was created by the developers at Angle Labs, inspired by a vision for a more capital-efficient stablecoin. Notable events include its public debut at ETHCC in July 2021, Angle Labs' $5 million funding led by Andreessen Horowitz in September 2021, and the introduction of agEUR and ANGLE tokens. Major updates include the launch of Angle V2 with advanced features like Transmuter and adaptive fees, and the integration of LayerZero to support cross-chain transfers. ANGLE has secured a significant presence in the DeFi space, particularly with its Euro stablecoin agEUR.

ANGLE

Deposits are not currently available for this coin.

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