Angle

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

TVL is retrieved on-chain by getting the total assets managed by the Transmuter, the balances of the vaultManagers of the Borrowing module and of the governance addresses of the protocol.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Angle's governance or utility token carries a market capitalisation of US$323.5万 based on circulating supply at the latest DeFiLlama snapshot. Token market cap (US$323.5万) and TVL (US$446.3万) trade close together, giving a mcap/TVL multiple of 0.72× — broadly the range market participants treat as "fair" for an established DeFi protocol. A further US$14.5万 sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

由 DeFiLlama 社区标记的重要事件——协议上线、安全攻击、治理变更和激励计划。

1. Nov 3, 2021
   上线 DeFiLlama
2. Feb 20, 2026
   Project announces wind down
3. Mar 14, 2024
   Rebrading of agEUR to EURA
4. Aug 2, 2023
   Migration to v2 (Transmuter)
5. Mar 13, 2023
   Euler was hacked

Angle is a CDP protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed across 8 chains, including Ethereum, Arbitrum, Polygon, Optimism and 4 other chains. The codebase has been independently audited (1 report on file). DeFiLlama tracks 4 historical events for this protocol since 2023.

Angle runs a multi-chain deployment, with smart contracts live on 8 networks. Roughly 96% of its on-chain value sits on just three networks (Ethereum, Arbitrum, Ethereum-staking), so a fault on any one of them would affect a large slice of users. Price discovery relies on 4 oracle providers (Chainlink, TWAP, RedStone, and others), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Token market cap (US$323.5万) and TVL (US$446.3万) trade at a ratio of 0.72, in the range generally considered normal for an established DeFi protocol.

Verified external resources for Angle — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Angle is one of 7 CDP protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Sky Lending, USDD, Lista CDP, and 3 more. These peer protocols collectively secure US$91.9亿 in deposits, giving you a frame of reference for whether Angle's own TVL is at the top, middle, or tail of the category.

Sky Lending

TVL US$74.5亿 · 24h -0.04%

USDD

TVL US$5.6亿 · 24h -12.33%

Lista CDP

TVL US$4.2亿 · 24h -0.11%

Avalon USDa

TVL US$4亿 · 24h -0.57%

Liquity V1

TVL US$1.8亿 · 24h +0.29%

Reservoir Protocol

TVL US$1.7亿 · 24h +15.44%