Andreesen Horowitz is joined by several world-class investors including Fabric VC, Wintermute, Divergence Ventures, Global Founders Capital, Alven, Julien Bouteloup and Frédéric Montagnon.

They will bring valuable experience, guidance and resources to help push Angle to the next level! This funding will help us bring our protocol to market, grow the Angle Core Team and Community, and facilitate the adoption and integration of agTokens (Angle stablecoins) in Decentralized Finance (DeFi).

Angle aims to open a new era in DeFi. So far, most DeFi and stablecoin solutions have been Dollar centered. This has many undesirable effects for people which home currency is not the Dollar. In 2020 for example, people from Europe would have needed to make at least a 10% return on their stable USD to make a profit in Euro.

Angle’s goal is to provide open access to financial products for people all around the world. We will thus start by launching the first reliable and liquid stable Euro (agEUR) on Ethereum.

The plan is then to launch a USD stablecoin and to offer fiat stablecoins for other regions heavily involved in DeFi but underserved in terms of stablecoins, including for instance the Swiss Franc, the British Pound, the Japanese Yen or the Korean Won. Angle will also create stable assets pegged to non-fiat underlying like indexes or baskets of currencies.

To make DeFi more inclusive and democratize stablecoins not necessarily pegged to the USD, the Angle Core Team has developed a cutting-edge derivatives-backed and over-collateralized stablecoin protocol.

The protocol will enable users to trustlessly swap a wide range of collateral types against stablecoins and conversely at oracle value thus making it easy for arbitrageurs to bring the price back to peg.

Besides being a highly capital-efficient stablecoin protocol, Angle Protocol will allow anyone to open leverage long positions with no funding rate on collateral/stablecoin pairs or to get yield by depositing collateral. There will be a multiplier effect at stake for these liquidity providers: the protocol can guarantee them higher yield than what common lending protocols like Compound or Aave offer.

The project was initiated by an international team of co-founders from Stanford University.

The protocol has been audited by Chainsecurity and Sigma Prime, and is currently live on testnet.

Mainnet launch is scheduled in late October/early November with a stable Euro.

Andreesen Horowitz is joined by several world-class investors including Fabric VC, Wintermute, Divergence Ventures, Global Founders Capital, Alven, Julien Bouteloup and Frédéric Montagnon.

They will bring valuable experience, guidance and resources to help push Angle to the next level! This funding will help us bring our protocol to market, grow the Angle Core Team and Community, and facilitate the adoption and integration of agTokens (Angle stablecoins) in Decentralized Finance (DeFi).

Angle aims to open a new era in DeFi. So far, most DeFi and stablecoin solutions have been Dollar centered. This has many undesirable effects for people which home currency is not the Dollar. In 2020 for example, people from Europe would have needed to make at least a 10% return on their stable USD to make a profit in Euro.

Angle’s goal is to provide open access to financial products for people all around the world. We will thus start by launching the first reliable and liquid stable Euro (agEUR) on Ethereum.

The plan is then to launch a USD stablecoin and to offer fiat stablecoins for other regions heavily involved in DeFi but underserved in terms of stablecoins, including for instance the Swiss Franc, the British Pound, the Japanese Yen or the Korean Won. Angle will also create stable assets pegged to non-fiat underlying like indexes or baskets of currencies.

To make DeFi more inclusive and democratize stablecoins not necessarily pegged to the USD, the Angle Core Team has developed a cutting-edge derivatives-backed and over-collateralized stablecoin protocol.

The protocol will enable users to trustlessly swap a wide range of collateral types against stablecoins and conversely at oracle value thus making it easy for arbitrageurs to bring the price back to peg.

Besides being a highly capital-efficient stablecoin protocol, Angle Protocol will allow anyone to open leverage long positions with no funding rate on collateral/stablecoin pairs or to get yield by depositing collateral. There will be a multiplier effect at stake for these liquidity providers: the protocol can guarantee them higher yield than what common lending protocols like Compound or Aave offer.

The project was initiated by an international team of co-founders from Stanford University.

The protocol has been audited by Chainsecurity and Sigma Prime, and is currently live on testnet.

Mainnet launch is scheduled in late October/early November with a stable Euro.