In the ever-evolving world of decentralized finance (DeFi), the ANGLE token stands as a cornerstone for the innovative Angle Protocol. Unlike typical cryptocurrencies, ANGLE offers a unique blend of governance, incentivization, and exclusive access within its ecosystem. As a holder of this token, you gain the power to participate in pivotal governance votes within the Angle Decentralized Autonomous Organization (DAO). This DAO is instrumental in fine-tuning protocol parameters, initiating upgrades, and deploying new stablecoins and collateral types. Dive into this article to discover how the ANGLE token not only empowers its holders but also drives the future of stablecoin innovation. Read on to explore the myriad ways ANGLE transforms the landscape of decentralized finance.

What is the ANGLE Token?

The ANGLE token is the native governance token of the Angle Protocol, a decentralized and over-collateralized stablecoin system. The token serves multiple purposes within its ecosystem, including governance, incentivization, and access to exclusive features. By holding and staking ANGLE tokens, users can vote on various proposals and changes to the protocol, effectively governing its direction and evolution.

Governance and Voting Rights

One of the primary utilities of the ANGLE token is its role in governance. The Angle DAO, a decentralized autonomous organization, governs the Angle Protocol. ANGLE token holders have the ability to vote on various proposals and decisions related to the protocol's development and direction. This allows the community to have a say in the protocol's evolution and ensures that it aligns with the needs and interests of its users.

Incentives for Liquidity Providers

In addition to voting rights, ANGLE token holders can also earn incentives for providing liquidity to the protocol. Liquidity providers play a crucial role in maintaining the stability and functionality of the protocol by depositing assets into its reserves. In return for their contributions, liquidity providers are rewarded with ANGLE tokens, which can be staked to earn additional rewards and benefits.

Exclusive Access and Benefits

ANGLE tokens also grant access to certain features and benefits within the Angle ecosystem. For example, users can buy ANGLE at the lowest price and lock them to earn yield and vote on rewards distribution and governance proposals on the Angle Protocol dApp.

Tokenomics and Distribution Model

The ANGLE token has a total initial supply of 1,000,000,000 tokens, with the token distribution being multi-year, extended, and sustainable until the protocol reaches ubiquity. The token distribution is broken down as follows:

• 40% of tokens are being distributed through whitelisted contracts (called gauges)
• 20% of the tokens are controlled by the DAO Treasury
• 12% of the initial ANGLE is held by Angle Labs in a multi-sig
• 18% to Angle Labs team members
• 10% to early backers

Locking Mechanism

The ANGLE token has a locking mechanism that adds a time commitment necessary for ANGLE holders to be able to get all the benefits they are entitled to, aligning the time horizon of ANGLE holders and the protocol for better decision-making. This locking mechanism requires ANGLE holders to lock their tokens for a period ranging from 1 week to 4 years (veANGLE) to receive benefits, reducing the circulating supply and sell-pressure of the token.

Redistribution and Rewards

The redistribution of a share of the interests generated by the protocol to veANGLE holders gives them a native APR on their tokens, while boosting ANGLE rewards to veANGLE holders allows for a bigger proportion of tokens to be distributed to long-term stakeholders. The locking mechanism, redistribution of interests, and rewards boost are designed to increase demand for the token and align incentives distribution with long-term commitments from holders.

Market Data

Understanding the market data of the ANGLE token provides insights into its current performance and potential future trends. Here are some key statistics:

• Current Price: $0.0504
• Market Cap: $0.00
• 24h Price Change: -5.70%
• 7d Price Change: 7.90%
• 30d Price Change: 55.08%
• 24h High: $0.0583
• 24h Low: $0.0500
• All-Time High: $7.2124 (2021-11-16)
• All-Time Low: $0.0228 (2022-12-16)
• Circulating Supply: 0.00
• Total Supply: 1,000,000,000.00

Unique Features and Benefits

The Angle crypto token (ANGLE) is the governance token of the Angle Protocol, a decentralized, capital-efficient, and over-collateralized stablecoins protocol that allows users to mint and burn stablecoins at a 1:1 rate against accepted crypto asset collateral. The Angle Protocol was unveiled in July 2021 and has since introduced various features, including the agEUR stablecoin, veANGLE, and the Transmuter backing mechanism.

Decentralized Governance

The Angle Protocol is governed by a DAO, which is controlled by ANGLE holders through on-chain votes. This allows for community-driven decision-making and ensures that the Protocol is optimized and enhanced to meet the needs of its users.

Voting-Escrowed ANGLE (veANGLE)

ANGLE holders can lock their tokens to receive veANGLE tokens, which enable them to discuss, propose, and vote on upgrades to the Protocol. This mechanism ensures that only committed and long-term stakeholders have a significant influence on the protocol's governance.

Incentives for Stablecoin Users

New ANGLE tokens are issued each week by the Protocol to reward Angle’s stablecoins users, encouraging interaction and usage of the Protocol. This incentivization mechanism helps maintain the stability and functionality of the protocol.

Token Distribution

ANGLE tokens are used to distribute tokens held by the Protocol to its community, as seen in the March 2024 redistribution of 500,000 PYTH tokens to veANGLE holders. This distribution model ensures that the community benefits from the protocol's success and growth.

Team Behind ANGLE

The team behind the Angle crypto token, also known as Angle Labs, is a group of engineers, developers, blockchain experts, and creative people specializing in the research and development of financial applications on blockchains. The three core contributors of the Angle team are Pablo Veyrat, Guillaume Nervo, and Picodes, who are from France and have been classmates since 2016. They studied at the École Polytechnique in Paris and later pursued graduate studies in computer science at Stanford University, where they met several partners from a16z.

Core Team Members

• Pablo Veyrat: Co-Founder of Angle Labs with a background in computer science from Polytechnique and Stanford University. He has been involved in ETHCC and has been actively participating in recent crypto discussions held in Lisbon.
• Guillaume Nervo: Co-Founder of Angle Labs with a background in computer science from Polytechnique and Stanford University. He has been involved in ETHCC and has been actively participating in recent crypto discussions held in Lisbon.
• Picodes: Co-Founder of Angle Labs, known by a pseudonym, with a background in computer science from Polytechnique and Stanford University.

Additional