Angle Protocol announces it will cease operations in March 2027, and the team is pivoting to build the DeFi incentive platform Merkl.

On March 4, decentralized stablecoin protocol Angle Protocol announced its community has voted to move forward with the orderly wind-down of its EURA and USDA stablecoins. Users must redeem their EURA or USDA holdings by March 1, 2027, at a 1:1 exchange rate with no loss. Any remaining reserves will be airdropped to unredeemed holders via Merkle. The Angle team is currently building Merkle, a DeFi incentive platform. Over the next year, users can redeem EURA/USDA on Ethereum through the Angle app, and swap EURC/USDC at 1:1 via the Angle Transmuter on the same platform. Key notes: - After March 1, 2027, the Angle protocol will cease operations, and EURA/USDA may lose their peg. - **Phase 2**: Post-redemption, remaining reserves will be proportionally airdropped to Ethereum-based EURA/USDA holders (only users who moved holdings to Ethereum are eligible, via Merkle). - **Phase 3**: An additional one-year claims window lets users directly claim EURC/USDC on Merkle, totaling a two-year redemption period.