ANGLE update: ANGLE Live price, price chart, news and markets

The ANGLE price update as of now is $0.02252. In the previous 24 hours, its trading volume was $31,128, and its value has decreased by -4.82%. As of now, ANGLE's live market cap is $17,760,035, and it is ranked as the #1156 on the Coincu. ANGLE has a circulating supply of 1,000,000,000 and a maximum supply of 1,000,000,000.

Discovering the Angle Protocol

The Angle Protocol is a decentralized stablecoin protocol that presents several advantages, including capital efficiency and over-collateralization.

With this protocol, users can effortlessly convert stable assets, such as stablecoins, and collaterals based on price data. This feature allows for seamless swapping between a collateral and a stable asset, promoting liquidity and capital efficiency.

The successful operation of the Angle Protocol relies on three key groups of participants:

• Stable Seekers and Holders (or Users): These individuals create, utilize, or destroy stable assets.
• Hedging Agents - Hedging Parties (HAs): They can utilize onchain perpetual futures (Perpetual) in a single transaction within the protocol, ensuring stability against collateral volatility.
• Standard Liquidity Providers - Liquidity Providers (SLP): These participants contribute additional collateral to the protocol and automatically earn interest on trading fees and rewards.

Key Attributes of the Angle Protocol

Achieving Enhanced Liquidity with the EUR Stablecoin

The Angle Protocol guarantees consistent liquidity by facilitating seamless swaps between stablecoins and other collaterals.

For individuals residing in regions like Europe, the agEUR stablecoin provided by the Angle Protocol acts as a currency that minimizes the impact of exchange rate fluctuations between these two currencies.

Optimizing Capital with Angle Protocol

The Angle Protocol is specifically designed to offer Over-Collateralization Loans while ensuring efficiency for Under-Collateralized Assets.

Although this lending approach presents higher risk for lenders, Angle Protocol's guarantee allows lenders to still receive substantial rewards while borrowers benefit from this arrangement.

On-chain Forex Positions with Leverage via Angle Protocol

By utilizing the Angle Protocol, users gain the ability to open long on-chain positions for supported collateral/stablecoin pairs, like USD/EUR, with leverage up to 100x on the Ethereum network.

Generating Profits from Mortgage Transactions

Through depositing tokens into the Angle Protocol, users receive equivalent LP Tokens, referred to as "sanTokens," to over-collateralize their positions within the protocol.

These tokens generate profits from both transaction fees and profit-making strategies implemented through the reserve fund.