Starting today, people can mint & burn agEUR using USDC or DAI. By being capital-efficient and over-collateralized at the same time, we believe agEUR is the most robust and liquid EUR stablecoin to date!

👉 Minting agEUR and reducing your exposure to USD stablecoins takes place here.

On Angle, it’s also possible to open leverage long positions on the available collateral/stabecoin pairs. This means that from now on, people will be able to long USD/EUR with up to x100 leverage on Ethereum.

👉 To open an on-chain leverage position and get long on the variation of USDC and DAI with respect to the Euro, you can go here. Yield on USDC and DAI

To over-collateralize the protocol, users can also deposit their tokens into Angle, and receive liquidity provider tokens called sanTokens in exchange. These yield-bearing tokens represent their share of the pool, and accrue a share of interests coming from transaction fees. The protocol has from scratch yield strategies on its reserves. sanTokens also accumulate the yield from these strategies. The APY for just holding sanTokens will be bigger than the basic Compound, Aave or Yearn APYs.

👉 Getting a leveraged yield on USDC and DAI is available here.

As detailed in Angle’s tokenomics last week 40% of the total ANGLE supply, or 400M tokens, will be distributed to addresses providing liquidity on Angle Protocol over more than 10 years. These tokens will be distributed following a weekly decreasing rate to agTokens holders, Hedging Agents (HA), and Standard Liquidity Providers (SLPs).

Slightly more than 3,106,834.01 ANGLE will be distributed during the first week, an amount that will be divided by 1.007827 every week (1.5 / year). This week, 70% of the ANGLE rewards will go to owners of agEUR, 28% to SLPs in the DAI and USDC pools, as well as 2% for HAs taking long USDC/EUR and DAI/EUR positions.

👉 We have designed the Angle App to make it super easy to stake and accumulate ANGLE tokens. Once you own agEUR or sanTokens, you can simply stake here and start passively receiving ANGLE tokens.

An ANGLE/ETH pool is also available on Sushiswap, and the ANGLE token will be listed from tomorrow on Gate.io.

If you’re not sure about how to use the app, we got you covered: follow our user guides here!

You can find the addresses of Angle smart contracts and their associated links to Etherscan in the developers documentation.

Smart contracts have been audited by Chainsecurity and Sigma Prime, and the code and audits can be found in the Angle Core repository.

This is just the beginning of the journey for the Angle Protocol. We will soon onboard more collateral types for agEUR and release new stablecoins like agUSD or agCHF

We encourage everyone to use the app, learn more about the protocol, and join our Discord and Governance Forum to share thoughts and start collectively shaping the future milestones for Angle!

Docs | Github | Governance Forum | Discord | Twitter | Website

This announcement is not intended to provide legal, financial or investment, or other advice and we recommend that you do not rely on, and do not make any financial or other decision based, on this announcement.