Angle Protocol will cease operations in March 2027; EURA and USDA can be redeemed at a 1:1 ratio within one year.
Foresight News reports that the decentralized stablecoin protocol Angle Protocol has officially announced that the Angle community has voted to orderly liquidate the EURA and USDA stablecoins (AIP-112). Users must redeem their stablecoins by March 1, 2027, with a 1:1 exchange rate and no losses. Remaining reserves will be airdropped to unredeemed holders via Merkl.
The Angle team has now transitioned to Merkl, focusing on a DeFi incentive platform. Users can redeem EURA and USDA on Ethereum via the Angle app within the next year, and can exchange EURC and USDC at a 1:1 ratio through Angle Transmuter on the app. Note that after March 1, 2027, the Angle protocol will cease operations, and EURA and USDA may lose their peg.
The second phase of liquidation will begin after the redemption period ends, with remaining reserves proportionally airdropped to EURA and USDA holders on Ethereum. Only users who have transferred back to Ethereum are eligible to receive the airdrop. The airdrop will be distributed via Merkl. The subsequent third phase will provide an additional one-year claim period, during which users can directly claim EURC or USDC on Merkl, resulting in a total two-year redemption window.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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