Angle 📐

Regulation is reshaping stablecoin yield. Watch @GuillaumeNervo's full talk on why activity-based rewards remain the path forward for stablecoin issuers

@jlb_CS @Chrisrevault @Ledger @Kiln_finance @Meria_Finance @KaikoData

@Chrisrevault @Ledger @Kiln_finance @Meria_Finance @KaikoData 🤔 x.com/AngleProtocol/…

🇫🇷 France is becoming one of Europe’s most interesting crypto & DeFi labs 👇 🧱 Infra & Market Rails @Ledger – Global leader in self custody @Kiln_finance – Institutional staking infrastructure @Meria_Finance – Onchain yield for retail and institutions @KaikoData – Institutional crypto market data @flowdesk_co – Market making and liquidity rails @quantos_finance – Risk and quantitative tooling for DeFi 🧩 DeFi & Yield @MorphoLabs – Modular lending infrastructure @AngleProtocol – Capital efficient stablecoins @usualmoney – Revenue backed stablecoin model @DowsersFinance – DeFi research, governance, risk analysis @spectra_finance – Yield derivatives, challenger to Pendle @AllezLabs – Protocol design and risk management 🔐 Crypto, Privacy & Compute @zama_fhe – Encrypted smart contracts @iEx_ec – Decentralized compute for AI & data @tezos – Research driven L1 🌍 Adoption & Payments @Sorare – Consumer scale Web3 product @TheSandboxGame – Gaming and digital ownership @ArianeeProject – NFTs for luxury and brands @ACINQ – Bitcoin and Lightning infrastructure @Lyzi_pay – Crypto payments for merchants @aplo_crypto – Onchain analytics and insights 🏦 Institutions @sgforge – Tokenization and onchain issuance @banquedefrance – CBDC and onchain research @bpifrance – Strategic Web3 investor 📰 Media & Talent @TheBigWhale_ – Institutional and macro crypto @CryptoastMedia – Education focused media @LeJournalDuCoin – Large retail crypto audience @CoinAcademy_FR – Crypto education at scale @Hasheur – Major Web3 educator @AlyraBlockchain – Training Web3 builders and founders 👇 Comment so we can check your project and add it to the list!

Circle stock dropped 20% yesterday. The CLARITY Act would ban passive yield on stablecoins to avoid competing with banks. But activity-based rewards, like liquidity provision or loyalty programs, would still be allowed 🎁 Bullish for @merkl_xyz

@a_sriburin @pablo_veyrat @john_tv_locke @robert_lauko The ANGLE token no longer has any utility. If you held ANGLE tokens on March 5th, you are included in the snapshot and have received a share of the protocol's excess equity distributed via @merkl_xyz gov.angle.money/t/aip-111-angl…

@pablo_veyrat @john_tv_locke @robert_lauko @AngleProtocol So what will happen to people who hold angle tokens?

We've just posted a proposal for the orderly wind down of the @AngleProtocol EURA and USDA stablecoins. Why? Activity has been steadily declining, and maintaining an idle protocol creates unnecessary smart contract liability. The decentralized stablecoin space has evolved: yield-bearing stablecoins are essentially a branding layer on top of vaults and lending protocols that already exist everywhere. There's no strong reason to keep running infrastructure for something others do natively. A huge thank you to everyone who believed in Angle and supported it along the way. It's been a great experiment and an incredible ride. The protocol remains fully collateralized, and the proposal gives everyone 1 year to redeem at 1:1 with no haircut, with a 2-year total window to recover funds. I'll probably write a longer piece to reflect on the learnings from building a decentralized stablecoin. The proposal will be submitted to a vote shortly. Separately, the surplus airdrop proposal has passed! The airdrop will be based on ANGLE balances as of March 5th. Make sure to bridge your ANGLE back to Ethereum and withdraw any liquidity before then to be eligible.

@merkl_xyz 🥷🥷🥷

Sending tokens onchain leaves a trace. Every transaction is public. Anyone can see which wallet sent what to whom. Merkl Pay changes that 🔒

@simooooonDD @merkl_xyz The Angle protocol is winding down (with a 2-year window to recover funds), so the token now has very limited utility.

@AngleProtocol @merkl_xyz Could you please clarify the future role of the ANGLE token? Specifically, we would like to understand whether holding the token remains important for ongoing protocol activities, or if its function has become largely limited at this stage.

$ANGLE holders, the excess equity airdrop following AIP-111 just landed. USDC and EURC are waiting for you on your @merkl_xyz dashboard 🔗⤵︎

@merkl_xyz app.merkl.xyz/users/

As part of the Angle Protocol wind-down, 3.5M $USDC and 2.2M $EURC have been airdropped to $ANGLE holders. Claim yours on @merkl_xyz 🔗⤵︎

@0xGeeGee One chapter closes. The next one is already live at @merkl_xyz

ggwp for those who played

@Toro_Ceo Too late, keys are gone. We moved to @merkl_xyz

@AngleProtocol Give me the private keys I can do better

@SAmz77691 Angle holders received an airdrop yesterday corresponding to the excess equity following this proposal: gov.angle.money/t/aip-111-angl… Head to your Merkl dashboard to claim the USDC and EURC you received: app.merkl.xyz

@AngleProtocol What would happen now to the angle holders

@tekr0x @roinevirta The @merkl_xyz team will be there (formerly Angle Labs team).

@roinevirta @AngleProtocol will you be at ethcc?

The euro stablecoin with the best distribution by holder count – @AngleProtocol's EURA – is winding down. With over 530k holders across multiple chains, it represents ~68% of all euro stablecoin holders. EURC has the second most holders at 130k. This is an end of an era as Angle was one of the first and most successful CDP euro pioneers. The largest CDP euro stablecoin by supply is now @MentoLabs' EURm – standing at €3.2m issued. It's integration focus is on the @Celo ecosystem where it has over 18k holders. Another CDP euro stablecoin to watch this year is @usualmoney's EUR0 which recently announced a partnership with @Monerium to provide EUR<>EUR0 on/off-ramping via Monerium's vIBAN infrastructure.

@AngleProtocol 😕

@AngleProtocol Ask the brand designer to reverse the logo

The vote to wind down EURA and USDA is now live. Both stablecoins remain fully collateralized. Holders have 1 year to redeem 1:1, plus an additional year to claim any remaining funds airdropped via @Merkl_xyz (the incentive platform developed by the former Angle Labs team). Full details: snapshot.org/#/s:anglegover…

For those wondering what's next for us: @merkl_xyz, and we're just getting started. 2025 has been a breakout year. Over $1.5bn in rewards distributed, 200+ teams onboarded, and deep partnerships with major stablecoin issuers on yield redistribution infrastructure. We've been cooking a lot behind the scenes. More soon.