2022 was a tough year for the crypto ecosystem as a whole. Yet, Angle managed to weather the multiple storms steadily:

• agEUR maintained its peg at all times, with no stresses during major liquidity crunches (UST & LUNA, FTX, …).

• Despite a decrease in TVL in line with what we have seen in DeFi, agEUR increased its market share and is now the leading EUR stablecoin on chain with more than 8B€ in total transfers and 60% of DEX volume !

Looking even before 2022, it’s important to note that no Angle contract has ever been hacked or exploited since launch 💪

To everyone that has been supportive or participating on Discord, Twitter, or in person about Angle: a big thank you! You are taking part in shaping up an open protocol that will keep pushing for the growth and adoption of decentralized finance over the next few years.

In 2022, we never stopped building and constantly shipped new features and products around Angle and agEUR!

(scroll after the timeline to see Angle plans for 2023 and beyond)

2022 was a productive year for Angle, but the future looks even brighter!

What we’ve accomplished so far is nothing but the foundations of our multi-year vision to build an open financial ecosystem on blockchains and to expand Angle as a go-to DeFi protocol.

2023 will be about strengthening Angle and agEUR positions, as well as expanding the protocol to new horizons. As such, growing **the global Euro DeFi market through agEUR will continue to be a major focus.

Beyond putting everything to solve the issue of stable, scalable, and permissionless money for blockchains, we feel that there is still a LOT of room for innovations and new verticals in the space. One key driver for 2023 and beyond will be to keep playing our part in making finance on blockchains a real thing with useful products accessible to all.

Despite driving already pretty good amounts of liquidity, DeFi is only ~5 years old and still in its infancy. Many feel it has not gone beyond the proof of concept phase yet. Over the last three years, we have developed robust products now working sustainably in prod, mainly: decentralized stablecoins,money markets, and AMMs. We have also shown that DeFi’s transparency made it a better alternative than many CeFi solutions. But the era of DeFi providing a real utility to billions is not there yet.

The potential may be here, but it will take time to build the tooling and products to make this a reality. And it will take protocols committed to building around this vision. We want Angle to be one of them.

We believe Angle has the talent, skills and resources needed to become a leading protocol pushing DeFi into its next growth phase.

From now on, and to ensure we do not lose sight of what really matters in the long-run, new products we push will have to pass the filter of these questions:

• is it an innovation?

• is it going to make finance on blockchains more accessible?

What does it mean in the short-term for the start of 2023? Well, we will be working on:Developing new stablecoins based not only on currencies but also other assets or commodities.

• Inventing new types of on-chain yield products

• Finding ways to bring off-chain yield on-chain

• Developing products to improve capital efficiency in DeFi.

Education and UX will also be important topics for us in 2023. We’ll constantly iterate to make the protocol more accessible and transparent notably through a next-level DeFi UI.

As we keep moving towards our goal of pushing DeFi forward with new Angle products, you are welcome to join us for 2023 onwards! Follow @AngleProtocol on Twitter, join us on Discord, and take part in building the future of Angle and DeFi 🏭

Happy new year Anglers

Ps: you can follow all our future milestones at releases.angle.money !