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Angle Documentation Portal
Welcome to the Angle Protocol Documentation Portal!
It can be used to issue stablecoins, called agTokens, designed to mirror the value of an asset they are pegged to.
The protocol consists of several different modules, or sets of smart contracts, from which stablecoins can be issued or minted. While Angle launched its first stablecoin agEUR with a single minting module (the Core module - wound down in May 2023), a Borrowing module allowing to borrow Angle stablecoins against deposited collateral and a price stability module called Transmuter have then been introduced.
Angle is so far behind one stablecoin, agEUR, pegged to the value of the Euro - €. agEUR holders can stake their stablecoins for stEUR in order to earn a native € yield.
Angle Borrowing module is deployed on multiple EVM compatible networks beyond Ethereum (like Polygon or Optimism). It allows users to deposit collateral and borrow agTokens (debt) against their 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.
Transmuter is deployed on Ethereum. It works as a basket of different stablecoins that can be used to mint agEUR. Thanks to its dynamic fee model and its internal circuit breakers, the system is able to autonomously control its exposures to the assets it has in reserves and guarantee that agEUR's backing is properly diversified. It is on top of that a trustless system that lets anyone and at any time (including during black swan events) redeem agEUR for a portion of the assets in the backing.
Angle Savings system is what allows Angle stablecoin holders to earn a native yield based on the return generated by the protocol on its assets. It does not come with any extra composability risk, and there are no additional trust assumption between owning an Angle stablecoin and its staked version.
Angle is a decentralized protocol governed by a DAO encapsulating all holders of a governance token called veANGLE. Holders of the token have voting powers to propose and make changes to the underlying code of the Angle Protocol.
While Angle was initially created by a team of developers at a company called Angle Labs, Inc, it is rapidly decentralizing and receives contributions from the external developer community as well as ongoing contributions from Angle Labs.
Angle community Discord server is where the community collectively organizes itself to build the best protocol possible and help everyone understand what Angle is about.
There is a technical doc for developers and advanced users to understand how Angle protocol works under the hood and how to build on top of it.
Products developed for the Angle Protocol can also bring value to the wider DeFi userbase. Some of them are being released as standalone products so that anyone can benefit from them.
This documentation portal is maintained by Angle Labs, Inc. It is built to be the up-to-date source of truth for Angle Protocol production contracts and for Angle Labs products. If there is anything unclear or out of date, please submit a pull request to the
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russiansection of the docs.