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Angle reviews

Average rating of 97% based on 1 review.

Founded 3 years ago in 2021.

Use anonymously. No KYC required.

Decentralised exchange.

Reviewed by Yunis
18 October 2022 (Updated 25 May 2024)

Angle Crypto Platform

Angle is a decentralized over-collateralized stablecoin protocol that was launched in November 2021. The protocol is founded by Angel Labs which is a Silicon Valley based investment firm. Angle Protocol raised $5 million in seed funding from eight investors including Andreessen Horowitz as the lead investor. The protocol’s core module is deployed on the Ethereum network and the protocol allows cross-chain operations with bridges on various blockchain networks including, Polygon, Optimism, Arbitrum, Avalanche, and BSC smart chain. The protocol is open-source and source code can be found on the GitHub page. There are another pages of documents for developers only to help developers to understand how the underlying codes work and explain the technology behind the protocol.

There are agEUR and agGOLD stablecoins on the platform so far. agEur is pegged to Euro and agGOLD is pegged to one ounce of Gold. Even though the platform is mainly focused on stablecoin products, perpetual trading, earn products, and leverage tools are also provided for users. Users can borrow the platform’s local stablecoin agTokens against their collaterals. The protocol is governed by the Angle DAO and the platform’s utility token ANGLE is used as a governance token.
 
The platform has a web app only and anyone can connect to and start using the protocol with a web wallet including popular choices; MetaMask, OKX Wallet, Phantom, and WalletConnect. Most tools on the protocol are available for anyone without KYC or background check except paying and getting paid in agEUR by using a bank. the rest of the tools can be used without any limitations.
 
The web app is fast and responsive but the user interface is not the best for a beginner. Users should select the network from their wallets before connecting to the platform and then choose the tools they want to use in the tools bar on the left side of the screen. You will see agEUR, Trade, Earn, and ANGLE tabs on the left. Users can swap, borrow, and bridge agEUR tokens on the agEUR tab. Users can buy agEUR tokens with a credit card or a bank account too. The second tab ‹trade› allows users to use leverage with their forex trades. Traders can open positions on the price of Euro currency and use leverage to magnify their return. Leverage can be used with borrowings too. The earn tab is for staking products where users can lock their coins to earn yield.
 
The protocol is a new player and its age is less than two years old. Decentralized crypto protocols are promising for the future but the technology is still in the development phase and can face technical accidents or suffer actions of people with bad intentions. Sometimes protocols may get losses because of the other protocols they are connected to. the Angle invested some of its funds in the Euler Finance protocol and lost approximately $17 million worth of USDC tokens when the Euler finance was exploited in a flash loan attack. There are several audit reports provided on the platform’s official documents pages. Unfortunately, decentralized finance is very complex and protocols rely and depend on each other for some services. One platform can be very secure but one of its partners may lead to some losses.

Pros

tick $26,483,723 USD currently invested (TVL)
tick Investments in 14 coin pairs available
tick Supports protocols including Ethereum and Polygon

Cons

cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Angle Staking Yields

1
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Columns
  Product Yield Chain Term Yield Yield Trend TVL TVL Trend
AGEUR-ETHLP
22.2%
EURA 22.2% APY
Ethereum
Instant Access
22.2%
EURA 22.2% APY
$2,080,142
AGEUR-ANGLELP
19.1%
EURA 19.1% APY
Ethereum
Instant Access
19.1%
EURA 19.1% APY
$636,766
UNI-V3AGEUR-USDC
14.7%
USDC 14.7% APY
UNI
Polygon
Instant Access
14.7%
USDC 14.7% APY
UNI
$1,276,663
AGEUR-USDCLP
11.4%
EURA 11.4% APY
Ethereum
Instant Access
11.4%
EURA 11.4% APY
$4,501,479
AGEUR-USDCLP
10.7%
EURA 10.7% APY
Polygon
Instant Access
10.7%
EURA 10.7% APY
$197,581
SDANGLE-ANGLELP
10.5%
10.5% APY
Ethereum
Instant Access
10.5%
10.5% APY
$170,470
AGEUR-EUROCLP
5.89%
EURA 5.89% APY
Ethereum
Instant Access
5.89%
EURA 5.89% APY
$3,105,670
3EURLP
4.02%
4.02% APY
Ethereum
Instant Access
4.02%
4.02% APY
$3,961,752
POLYGONAGEUR
2.55%
2.55% APY
Polygon
Instant Access
2.55%
2.55% APY
$138,340
AGEUR-EURELP
1.62%
EURA 1.62% APY
Ethereum
Instant Access
1.62%
EURA 1.62% APY
$57,210
ANGLE-ETHLP
0.59%
ANGLE 0.59% APY
Ethereum
Instant Access
0.59%
ANGLE 0.59% APY
$14,112
AGEUR-JEURLP
0.46%
EURA 0.46% APY
Polygon
Instant Access
0.46%
EURA 0.46% APY
$21,101
EUROPOOLLP
0.09%
0.09% APY
Ethereum
Instant Access
0.09%
0.09% APY
$174,499
AGEUR-IBEURLP
0.01%
EURA 0.01% APY
Ethereum
Instant Access
0.01%
EURA 0.01% APY
$243,301
No matching yield products found

Angle Reviews

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Overall Expert Rating
97%
Defi Safety
97%
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Angle YouTube Reviews

Angle Scams, Frauds, Hacks and Blunders

1 Jan 1970

Angle Supported Currencies

Angle supports over 2 currencies including Uniswap.

Angle Key Data

Company
Legal name Angel Labs
Year founded 2021
Decentralised tick Yes
Open source tick Yes
Products
Savings accounts tick Yes
Crypto to crypto exchange tick Yes
Fiat to crypto exchange tick Yes
Crypto withdrawals to private wallet tick Yes
Futures exchange cross No
Security
Know your customer cross No
Credit check cross No
Investment Strategy
DeFi products tick Yes

ALooking at reviews from across the web, Angle has an average review score of 97% based on 1 review.

Useful Links

Angle Contact Details

https://www.angle.money/

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