Angle Documentation Portal
Angle is a decentralized, capital efficient and over-collateralized stablecoin protocol.
Welcome to the Angle Protocol Documentation Portal! It contains essential info and key links to understand the fundamentals of the Angle protocol.
So grab a coffee ☕ and enjoy the read!
Angle is a decentralized, capital efficient and over-collateralized stablecoin protocol composed of smart contracts running on open blockchains. The protocol was launched in November 2021 and you can start using it at app.angle.money.
It can be used to issue stablecoins, called agTokens, that are pegged to a specific value. This means that these tokens are designed to mirror the value of the asset they are pegged to.
Angle has started with agEUR, a Euro (EUR - €) stablecoin.
On top of its stablecoin product, Angle protocol also offers to its users ways to:
- Trade perpetual futures
- Earn yield from strategies
- Get leverage on a wide range of assets
Precisely speaking, the protocol consists of several different modules, or set of smart contracts, from which agTokens can be issued or minted. While Angle was launched with a single minting module (the Core module), a Borrowing module allowing to borrow Angle stablecoins against deposited collateral has been introduced.
The protocol is also engaged into Algorithmic Market Operations (AMOs) where agTokens are invested in protocols for Angle to get a yield on.
Angle Core module is deployed on Ethereum mainnet. It relies on three types of agents that form a balanced ecosystem maintaining agTokens' peg (or stability). These agents are users minting and burning the stablecoins, Hedging Agents covering the protocol collateral from price changes, and Standard Liquidity Providers helping to over-collateralize the protocol in exchange for yield.
Angle Borrowing module is deployed on multiple EVM compatible networks, including Ethereum mainnet, sidechains like Polygon and layer 2s like Optimism. It allows users to deposit collateral and borrow agTokens (debt) against this collateral. It is designed to enable getting leverage on almost any asset through an agToken loan, or to simply let people get access to stablecoins while keeping their exposure to a volatile asset or to a yield-bearing token.
- All operations are designed to be capital efficient
- The borrowing experience is optimized with notably an improved liquidation engine which allows liquidated addresses to face minimal losses compared with what they can experience in more traditional models.
Beyond creating the first liquid and decentralized Euro stablecoin, the main goal of Angle is to create a money layer for DeFi. Angle will not only expand to multiple blockchains or open networks, it will also seek to launch stablecoins for other types of assets.
Angle is currently being developed by its Core Team and community.
Angle community Discord server is where we collectively organize ourselves to build the best protocol possible, help everyone understand what Angle is about, and most of all have fun playing with DeFi!
To make things more intelligible, we have a technical doc for developers and users to understand how Angle protocol works under the hood and how to build on top of it. Check it out if you want to understand how the protocol's smart contracts are organized.
This documentation portal is maintained by Angle Labs Inc., a company which, among other things, contributes to the Angle Protocol.
This doc is built to be the up-to-date source of truth for Angle Protocol functionality and production contracts. If there is anything unclear or out of date, please submit a pull request to the
In order for your translation to appear on this doc, you need to:
- 1.Make sure that your translation has been reviewed by members of your local community on Angle Discord. We will not accept any translation that has not been checked by other community members.
- 2.Submit a pull request to the
angle-docsrepository and respect the formatting and conventions already in place for the
russiansection of the docs.