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The core idea behind Angle Protocol is to make DeFi more inclusive by creating stablecoins pegged to a wide range of Forex currencies and assets, rather than just the USD. While the power of this single idea has been made evident by the rapid growth of agEUR, our global vision goes beyond forex stablecoins. We want to build money legos used not only for farming across blockchains, but as a primary currency of exchange. This is necessary to make truly decentralized financial infrastructure a reality.
Layer 2 and sidechains therefore play an important role in achieving our vision, given that they allow Angle stablecoins to be exchanged without high transaction fees. As such, we plan to bridge agEUR on Polygon very soon, followed by almost all other sidechains and L2s afterwards.
Like any currency, there are a handful of common use cases for stablecoins — namely payments, subscriptions, and investing. However, the composable nature of stablecoins opens new opportunities for each of these use cases.
To unlock the full potential of these opportunities — and solidify agEUR as the market’s leading Euro stablecoin — we’re integrating Superfluid, a new asset streaming protocol that enables hyper-efficient, programmable cash flows.
To enable everyone to leverage streaming payments with agEUR, we’d like to announce Superfluid will be one of our launching partners on Polygon. Short after agEUR is live on Polygon, it will be possible to wrap agEUR with the Superfluid streaming standard, making agEUR usable for payroll, subscriptions, automated investing and much more!
If you contribute to any DAO or web3 project you will be able to ask your compensation to be paid to you by the second by streaming agEURx (the Superfluid wrapped version of agEUR) with Superfluid in real time. DAOs will be able to transfer agEUR assets to contributors in an ongoing, gasless, open-ended stream, greatly reducing payment complexity and overhead!
You can learn more about how Superfluid streams drastically simplify DAO admin here.
We are also working to make sure you will be able to invest agEURx as soon as you receive them in real-time by using Ricochet, a decentralized exchange that supports automatic real-time investing on Polygon and allows you to purchase several assets using a dollar-cost-average strategy.
The ecosystem of applications built on Superfluid is expanding rapidly, with fully serviced solutions for payroll and subscriptions in Web3 coming soon! Join Superfluid’s Discord server to learn more about the latest news.
Angle is the first over-collateralized, decentralized and capital-efficient stablecoin protocol. It offers full convertibility between stable assets and
collateral at oracle value: you can swap 1 of collateral against 1 of stablecoin and conversely.
It has launched agEUR, the most robust and liquid Euro stablecoin.
Superfluid is an asset streaming protocol that has the power to describe cash flows and execute them automatically on-chain over time in a non-interactive way. Superfluid streams are programmable, composable and modular. The first cash flow types allow constant streams of value and one-to-many distributions. All streams are settled at the same time, based on block timestamps. No capital is locked up, and all inflows and outflows are netted in real time, drastically increasing capital efficiency.
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