Angle Price

Angle innovates by enabling people to swap at a 1:1 rate with no slippage collateral against stable assets and stable assets against collateral: with 1 Euro worth of collateral, you can get 1 stablecoin, and with 1 stablecoin you can always redeem 1 Euro worth of collateral.

The protocol involves 3 groups, very common in other DeFi protocols, which all benefit from Angle:

• Stable Seekers and Holders (or Users) who mint, use, or burn stable assets
• Hedging Agents (HAs) who can get on-chain leverage under the form of perpetual futures in just one transaction from the protocol and by doing so ensure the protocol against the volatility of its collateral
• Standard Liquidity Providers (SLPs) who bring extra collateral to the protocol and automatically earn interests, transaction fees, and rewards.

Angle's design can be used to issue multiple stablecoins, provided that there is an oracle for that. Angle could for instance build a token which market value is designed to remain equal to the temperature in New York City. The protocol has started with the agEUR (Euro stablecoin), and the idea is to follow with stablecoins pegged to other currencies like agGBP, or agCHF.

Angle DAO is responsible for tuning and improving the protocol in order to make it sustainable and robust enough to become a building block of the DeFi space. The Angle DAO manages the protocol through a governance module controlled by the ANGLE token. Angle governance contracts have been imported from OpenZeppelin and Compound implementations.