Angle Protocol
Crypto Overview
Overview
Angle Protocol is a decentralized stablecoin protocol that aims to create stable assets pegged to various fiat currencies. Its primary token EURA is designed to maintain a stable value relative to the Euro.
Purpose and Utility
The protocol's main purpose is to provide Euro-pegged stablecoins through a decentralized mechanism. It uses a system of collateralization and algorithmic stabilization to maintain the peg. The protocol enables users to mint EURA tokens by depositing collateral assets.
Business Model
The protocol generates revenue through minting and redeeming fees, as well as yields from collateral management. The model is transparent and based on smart contracts that are publicly verifiable.
Real-World Adoption
Angle Protocol has achieved notable adoption in the DeFi ecosystem, with active integration into various DeFi protocols and DEXes. The EURA token has maintained relatively stable trading volumes and liquidity pools.
Development Activity
The project maintains active development with regular updates to its protocol. The team consistently pushes updates to their GitHub repository and maintains transparent communication about protocol changes and improvements.
Token Distribution
The token distribution appears reasonable with appropriate vesting schedules for team members and early investors. There are no concerning concentrations of tokens that would suggest a scheme to enrich founders.
Crypto Impact
To assign a comfort level investing in Angle Protocol from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Angle Protocol.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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