Back

Angle Protocol to Liquidate EURA and USDA Stablecoins, Announces Community Approval

Following the approval of governance proposal AIP-112, Angle Protocol will wind down its EURA and USDA stablecoins, with a structured redemption and airdrop plan in place until March 2027.

ETH

Summary

Angle Protocol's community approved governance proposal AIP-112 to liquidate the EURA and USDA stablecoins, offering users a one-to-one redemption of tokens until March 1, 2027. Afterward, remaining reserves will be airdropped to Ethereum users via Merkl, with a claim window lasting one year. This decision marks the cessation of the protocol’s operations by March 2027, ensuring fairness during the transition period.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset such as a fiat currency.
  • Multisig (multisignature wallet): A crypto wallet that requires multiple private keys to authorize a transaction, enhancing security and shared control.
  • Merkl airdrop: A token distribution method using a Merkle tree structure for efficient and verifiable claims by eligible blockchain addresses.