Angle 📐

A capital-efficient, decentralized, over-collateralized stablecoin protocol behind agEUR 🇪🇺 Account powered by Angle Labs 🔗

[Angle 📐 @AngleProtocoI]

It’s a Angle Airdrop Time!
As announced in the latest Medium post, we prepared a big airdrop of $ANGLE To Our Angle Community!
Our team wish you all the luck ❤️

Follow the link to claim your airdrop
https://t.co/dtdT2cfQdH

[Angle 📐 @AngleProtocol]

Some discussions on Angle governance forum on how the protocol can best move forward after the @eulerfinance hack

🔗 https://t.co/Tpr3D34m3B

[Angle 📐 @AngleProtocol]

All our thoughts and efforts since the @eulerfinance hack on the 13th of March have been with the affected users of the Angle Protocol.

We are devastated by the current situation and dedicated to finding a solution as soon as possible.

[Angle 📐 @AngleProtocol]

Now, while a lot is still depending on the outcome of the Euler hack, we also encourage everyone in the meantime to start discussing ideas or proposals for next steps for the protocol on Discord or on the governance forum.

[Angle 📐 @AngleProtocol]

We appreciate your patience and we will continue providing updates as soon as we have them.

[Angle 📐 @AngleProtocol]

The last few days have been about the emergency response and properly assessing the situation for the protocol.

[Angle 📐 @AngleProtocol]

We’d like to deeply thank everyone who sent us support messages. Rest assured that we are reading every message that comes our way.

We hear you and are working tirelessly to support retrieval efforts and determine how we can achieve the best outcome.

[Angle 📐 @AngleProtocol]

In the wake of the @eulerfinance hack, we want to be fully transparent on the state of the protocol, so we’ve prepared a more detailed overview of the protocol after the hack, based on information publicly available on-chain.

https://t.co/roQwPwz0rt

[Angle 📐 @AngleProtocol]

We're closely monitoring the situation and collaborating with authorities to provide all the help we can to investigate the hack.

We will share updates as soon as we have them.

[Angle 📐 @AngleProtocol]

A Q&A on the Angle Protocol exposure to the @eulerfinance hack:
https://t.co/qNFYqWEwP9

[Angle 📐 @AngleProtocol]

Angle Protocol is impacted by the Euler exploit. The protocol had 17.6m USDC deposited on Euler.

The protocol has been paused, debt ceilings set to 0, and the Euler AMO has been wound down.

We are monitoring the situation and will communicate updates as soon as we have them.

[Angle 📐 @AngleProtocol]

If you have any question about the state of the protocol, everything can be found in our analytics: https://t.co/bW5GOWFVi8

📑 To learn more about agEUR design, check https://t.co/Y846Y7DNCl

[Angle 📐 @AngleProtocol]

In particular, the protocol does NOT assume that 1 USDC == 1 USD.

Given the USDC depeg, the Guardian multisig temporarily increased the burning fee for agEUR to USDC

[Pablo 📐 @pablo_veyrat]

Normal protocol behavior, the protocol considers that 1 agEUR = EUR, so this is a simple arb that puts the stablecoin back to peg

[Angle 📐 @AngleProtocol]

🇪🇺📐🔴

[Marc Zeller @mzeller]

Pushed $LUSD on Optimism & $AgEUR on OP & ARB snapshot proposals.

The Aave Chan Initiative is supportive of stablecoin diversity in Aave.

agEUR as collateral & allowing emode "forex" trading on Polygon soon!

also pushing AIP to activate emode for $cbETH later today.

[Algebra DEX Engine @CryptoAlgebra]

A great solution that can also be implemented into our codebase.

[Angle 📐 @AngleProtocol]

🥨 Introducing Merkl, a new paradigm to incentivize liquidity in concentrated liquidity AMMs like @Uniswap V3 🦄✨

https://t.co/8zz7nNBlGt

[Angle 📐 @AngleProtocol]

With all these features, Merkl will quickly become the de facto mechanism to incentivize Uniswap V3 pools in the most efficient and flexible way possible 🤝

[Angle 📐 @AngleProtocol]

All the details about how this is possible can be found in this article, and in our documentation.
📖 https://t.co/CvaCGIPwgz

Stay tuned for the launch … 👀

[Angle 📐 @AngleProtocol]

Merkl is easy to use 😅

📐As an incentivizor, it takes you less than 1min to create a distribution on a pool
📐As a LP, not need to stake your funds to receive your rewards: earn while keeping the full custody of your funds!