In this episode of the Fundamentals podcast, the host is joined by Pablo Veyrat, the Co-Founder of Angle Protocol, a decentralized Euro stablecoin protocol. They discuss the purpose, product suite, smart contract architecture, and market position of Angle Protocol. The conversation also covers the unique selling proposition of Angle, the team behind the project, the business model, and future plans.
- Angle Protocol’s Purpose and Product Suite: Angle Protocol is a decentralized, capital-efficient, and over-collateralized stablecoin protocol. Their stablecoin, agEURO, is currently the most liquid Euro stablecoin on the market. They focus on yield use cases for stablecoins in DeFi.
- Smart Contract Architecture and Security: Angle Protocol has a robust and resilient infrastructure. They prioritize safety and security in their development process, with a focus on slower iteration cycles for safer products.
- Market Position: Angle Protocol aims to address the imbalance between USD stablecoins and Euro stablecoins. They aim to build better Euro products to drive growth for all Euro stablecoins.
- Unique Selling Proposition: Angle Protocol’s unique selling proposition is its robust infrastructure and its position as the most connected Euro stablecoin. They aim to be the hub for trading Forex and for users wanting to play around with DeFi.
- Team and Vision: The team behind Angle Protocol is a group of engineers who prioritize efficiency and security. They aim to build safer building blocks for DeFi and believe in the future of DeFi super apps.
- Business Model and ANGLE Token: Angle Protocol has been profitable, accumulating approximately $7.5 million of surplus. The protocol makes revenue from its borrowing module, transaction fees, and algorithmic market operations. The ANGLE token is used to govern the protocol.
- Future Plans: Angle Protocol plans to increase transparency, launch a Euro savings product, and increase ties between Angle and real-world assets.
- Bullish: The podcast presents a bullish sentiment towards Angle Protocol. The discussion highlights the protocol’s robust infrastructure, profitable business model, and unique selling proposition in the Euro stablecoin market. The future plans of the protocol also indicate potential growth and expansion.
- Bearish: There were no bearish sentiments expressed in the podcast.
- Neutral: The podcast maintains a neutral stance on the broader Euro stablecoin market, acknowledging the current imbalance between USD and Euro stablecoins but expressing optimism about the potential for growth with better Euro products.