There are a lot of ways in which you can generate assets in the crypto realm and one of the most popular ways to do that is through stablecoins. While generally volatile, if backed properly like Angle claims, these are a great way to expand your asset portfolio and make money, sometimes without any real trading. However, that is highly dependent on the terms that the platform is offering, and Angle seems to be taking the lead by providing a decentralized, over-collateralized, and capital-efficient stablecoin solution.
How Does Angle Work?
Angle is planning to create a platform that provides enough money-making tools and options that can potentially attract a billion users to the DeFi universe. This is a humongous task, but they are taking steps in the right direction to possibly make that happen. Or at least that is what it seems like right now. The platform is claiming to bring the capital efficiency of centralized stablecoins backed by fiat to a decentralized model where the assets are not controlled by the efficiency is still high. Here are a few of their key service features that you should know about.
- Users can swap collateral for stablecoins with the lowest transaction fees and zero slippage. That alone is a huge win for many investors. The collateral swap also happens at oracle value which makes it a much more profitable and manageable deal. The collateral can be redeemed by the user at any time.
- The platform offers perpetual futures as well where leveraging can happen without any cost and the trader can set their multiplier value using a single transaction. The users also pay a zero-funding rate and the assets they generate can be cashed out any time they want.
- Staking is also available where you can bring as much collateral as you want to use which you can accrue interest on and then exit at your time of choosing. Angle claims to provide higher yields than any other farming platform out there.
The people who have developed Angle have extensive experience in stock and crypto market trading, blockchain development, software engineering, financial markets analysis, and more.
How to Participate?
Angle has not made any public announcement so far regarding a public ICO event for the company. However, you can keep an eye on future developments by following their website and social platforms.
* ICO Daily does not provide investment advice. Please read our disclaimer