# Angle

> Ask more from your money

Angle creates over-collateralized stablecoins EURA and USDA that generate native yield for holders through decentralized backing mechanisms.

Angle helps DeFi users access reliable Euro and USD stablecoins through over-collateralized backing mechanisms. With it, users can earn yield on EURA and USDA, borrow against multiple collaterals, and exchange currencies at competitive onchain rates. 

- Type: Protocol
- Sector: Finance
- Status: Closed
- Founded: 2021-04-01
- Profile: https://thegrid.id/profiles/angle_money

## Products

- [Angle Protocol App](https://thegrid.id/profiles/angle_money): Angle Protocol App provides access to stablecoin minting, savings, borrowing, and trading features through a decentralized interface. The platform enables users to mint EURA and USDA stablecoins, earn yield through staking, and access cross-chain bridging functionality. (Decentralised Exchange, Inactive/Support Ended, Main Product)
- [Angle Transmuter](https://thegrid.id/profiles/angle_money): Angle Transmuter is an autonomous price stability module that manages stablecoin backing through dynamic fee models and circuit breakers. The system enables direct redemption of Angle stablecoins for underlying collateral assets while maintaining proper reserve diversification. (Stablecoin Issuer, Discontinued)
- [Angle Borrowing Module](https://thegrid.id/profiles/angle_money): Angle Borrowing Module lets users deposit collateral and borrow Angle stablecoins through vault-based lending. The system supports leveraged positions and yield-bearing token collateral while maintaining liquidation mechanisms for risk management. (Decentralised Borrowing & Lending, Discontinued)
- [Angle Savings](https://thegrid.id/profiles/angle_money): Angle Savings enables Angle stablecoin holders to earn native yield by staking their tokens for stEUR and stUSD. The system automatically distributes protocol-generated returns from DeFi activities and traditional finance backing to staked token holders. (Yield Aggregator, Discontinued)

## Assets

- [EURA (EURA)](https://thegrid.id/profiles/angle_money): EURA is a Euro-pegged stablecoin issued by Angle Protocol. It is over-collateralized with reserves holding more value than the stablecoins in circulation, and is used for payments, DeFi collateral, and earning yield through staking. The protocol maintains the peg through unrestricted convertibility at oracle prices, enabling instant arbitrage whenever market price diverges from €1. (Stablecoin)
- [USDA (USDA)](https://thegrid.id/profiles/angle_money): USDA is a USD-pegged stablecoin issued by Angle Protocol. It is used for payments, earning yield through staking, and as collateral in DeFi lending markets. Holders can swap from USDC to USDA instantly with no fees or slippage, while stablecoins can be redeemed at any time against a proportional amount of each asset in the backing through the Transmuter price stability module. (Stablecoin)
- [ANGLE (ANGLE)](https://thegrid.id/profiles/angle_money): ANGLE is the governance token of Angle Protocol. It is used to vote on protocol upgrades, parameter tuning, deploying new stablecoins and collateral types, and managing yield strategies on the protocol's collateral. The protocol transitioned to a simpler governance model in early 2025, making ANGLE the sole governance token after deprecating the previous vote-escrowed system. (Governance)

## Links

- [Main](https://angle.money)
- [Governance](https://app.angle.money/governance)
- [Terms of Service](https://storage.googleapis.com/app-terms/Angle_Terms_of_Service.pdf)
- [Twitter / X](https://x.com/AngleProtocol)
- [Discord](https://discord.com/invite/5Af6xum9bc)
- [GitHub](https://github.com/AngleProtocol)
- [LinkedIn](https://www.linkedin.com/company/angle-labs)

## Relationships

- [Merkl](https://thegrid.id/profiles/merkl): Subsidiary

## Legal

This data is provided under two licensing models.

Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP