Foresight News reports that the decentralized stablecoin protocol Angle Protocol has announced that the Angle community has voted to orderly liquidate the EURA and USDA stablecoins (AIP-112). Users must redeem their stablecoins before March 1, 2027, with an exchange rate of 1:1 and no loss incurred. The remaining reserves will be airdropped to holders who have not redeemed through Merkl.
The Angle team has now transitioned to Merkl, focusing on DeFi incentive platforms. Users will be able to redeem EURA and USDA on Ethereum through the Angle app within the next year, and exchange EURC and USDC at a 1:1 ratio via the Angle Transmuter on the same app. Note that after March 1, 2027, the Angle protocol will cease operations, and EURA and USDA may depeg.
The second phase of liquidation will begin after the redemption period ends, with remaining reserves airdropped proportionally 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 through Merkl. The subsequent third phase will offer an additional one-year claim period, allowing users to directly claim EURC or USDC on Merkl, forming a total two-year window for fund redemption.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bluefin Launches Portfolio Feature for Unified Crypto Tracking
Bluefin has introduced a new "Portfolio" feature that allows users to track their financial positions across various DeFi products. This tool consolidates net worth, PnL history, and asset management into a single, transparent interface, enhancing efficiency and oversight for traders and investors.
BlockChainReporter8m ago
Jack Dorsey Teases the Legendary Bitcoin Day Faucet to Restart on April 6
Jack Dorsey posts to announce that he will restart the Bitcoin tap activity on April 6, 2026, paying tribute to early developers and reigniting the spirit of the community. This event comes against the backdrop of a Bitcoin market pullback, and the Bitcoin held by Block, the company led by Dorsey, still remains profitable.
ChainNewsAbmedia3h ago
Ethereum Foundation stakes another $93 million ether, reaching its 70,000 ETH target
The Ethereum Foundation staked $93 million in ether, reaching nearly $143 million in total staked ETH, almost fulfilling its 70,000 ETH target. This shift to staking generates yield for funding operations without selling assets, although some ETH remains unstaked.
CoinDesk8h ago
Hyperliquid ecosystem platform Based launches the Launchpool feature
Gate News message, April 4, Hyperliquid ecosystem crypto trading and consumer platform Based recently announced the launch of the Launchpool feature. Based token holders can stake their tokens to earn points, and thereby participate in Launchpool activities. It is reported that the first project to go live on the platform’s Launchpool is Pull Fun.
GateNews9h ago
