Angle is built to let users swap at a 1:1 ratio without slippage collateral, whether exchanging collateral for stable assets or stable assets for collateral: with collateral worth 1 Euro, you can receive 1 stablecoin, and with 1 stablecoin you can redeem collateral worth 1 Euro.

The protocol is organized around 3 familiar groups that are also used in other DeFi systems, and each one contributes to Angle:

Angle's approach supports creating multiple stablecoins, as long as an oracle exists for each one. For example, Angle could introduce a token whose market value is designed to track the temperature in New York City. The system began with agEUR (Euro stablecoin), with the intention to expand to stablecoins tied to other currencies such as agGBP or agCHF.

Angle DAO oversees the continuous adjustment and enhancement of the protocol so it remains sustainable and robust enough to serve as a foundation for DeFi. The Angle DAO controls the protocol via a governance module run through the ANGLE token. Angle governance contracts were brought in from OpenZeppelin and Compound implementations.