Angle Protocol

Angle is a decentralized, capital-efficient and over-collateralized stablecoins protocol. It allows users to mint and burn stablecoins (agTokens) at a 1:1 rate against crypto-assets accepted as collateral. On the other side, the protocol leverages perpetuals traders to hedge the value of its reserves, so that issued stablecoins are always fully backed. Liquidity Providers can also come in and deposit additional collateral as reserves, allowing the protocol to be over-collateralized