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Discover how stablecoins provide stability within the cryptocurrency ecosystem and how they work. Click here to learn more!
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USDT and USDC are the two most popular stablecoins on the market but what separates them? Find out the differences between USDC vs USDT.
Angle Protocol | Learn About StablecoinsIntroducing Merkl, by Angle Labs
Introducing Merkl, a new paradigm to incentivize liquidity in concentrated liquidity AMMs like Uniswap V3. With Merkl, incentivizors can increase the efficiency and flexibility of their incentives, while liquidity providers can optimize their positions to earn more.
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Learn about stablecoins and DeFi with Angle Protocol.
In this article, we introduce some of the main characteristics of Angle’s agTokens.
All agTokens are 100% redeemable against multiple collaterals
Hedged and over-collateralized
agTokens can be staked to earn ANGLE governance tokens
Each agToken can be pegged to potentially any value
agTokens are issued at oracle value directly when users interact with the protocol. Thanks to that, there is virtually an unlimited liquidity when minting agTokens, and no slippage even for large amounts as opposed to traditional AMMs. Additionally, agTokens are not borrowed from vaults, and don’t need to be paid back with interest like DAI on Maker.
agTokens are always redeemable at a 1:1 rate against accepted collateral in the protocol. At the beginning, the protocol will support agEUR as agToken, and USDC and DAI as collateral. wETH and wBTC should follow quickly, and the plan is to open the protocol to new collaterals in the future. In theory, any token or asset could be accepted as collateral to mint and back agTokens.
In addition to the collateral used for minting, agTokens are backed by capital from
In this article, we introduce some of the main characteristics of Angle’s agTokens.
All agTokens are 100% redeemable against multiple collaterals
Hedged and over-collateralized
agTokens can be staked to earn ANGLE governance tokens
Each agToken can be pegged to potentially any value
agTokens are issued at oracle value directly when users interact with the protocol. Thanks to that, there is virtually an unlimited liquidity when minting agTokens, and no slippage even for large amounts as opposed to traditional AMMs. Additionally, agTokens are not borrowed from vaults, and don’t need to be paid back with interest like DAI on Maker.
agTokens are always redeemable at a 1:1 rate against accepted collateral in the protocol. At the beginning, the protocol will support agEUR as agToken, and USDC and DAI as collateral. wETH and wBTC should follow quickly, and the plan is to open the protocol to new collaterals in the future. In theory, any token or asset could be accepted as collateral to mint and back agTokens.
In addition to the collateral used for minting, agTokens are backed by capital from
Subscribe to Angle Protocol | Learn About Stablecoins
Learn about stablecoins and DeFi with Angle Protocol.
Angle Protocol | Learn About StablecoinsStablecoins Ultimate Guide: Definition, How They Work, and Types
Discover how stablecoins provide stability within the cryptocurrency ecosystem and how they work. Click here to learn more!
Angle Protocol | Learn About StablecoinsUSDC vs USDT: A Stablecoin Comparison
USDT and USDC are the two most popular stablecoins on the market but what separates them? Find out the differences between USDC vs USDT.
Angle Protocol | Learn About StablecoinsIntroducing Merkl, by Angle Labs
Introducing Merkl, a new paradigm to incentivize liquidity in concentrated liquidity AMMs like Uniswap V3. With Merkl, incentivizors can increase the efficiency and flexibility of their incentives, while liquidity providers can optimize their positions to earn more.
After launch, agTokens can also be staked to earn ANGLE governance tokens. They will be used to vote for proposals and decide on the future improvements of the Angle Protocol.
Another advantage of Angle is that it can issue stablecoins pegged to potentially any value, as long as it has a price relationship with other assets. This means that even if the protocol starts by issuing classic fiat-pegged stablecoins, like agEUR or agUSD, it could follow up with more interesting products like baskets, indexes, or assets that don’t suffer from inflation.
After launch, agTokens can also be staked to earn ANGLE governance tokens. They will be used to vote for proposals and decide on the future improvements of the Angle Protocol.
Another advantage of Angle is that it can issue stablecoins pegged to potentially any value, as long as it has a price relationship with other assets. This means that even if the protocol starts by issuing classic fiat-pegged stablecoins, like agEUR or agUSD, it could follow up with more interesting products like baskets, indexes, or assets that don’t suffer from inflation.
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