Wu said that Angle Protocol announced an orderly liquidation of EURA and USDA stablecoins. Holders can exchange EURC and USDC 1:1 on the Ethereum network through the Angle App before March 1, 2027. VaultManager position users can close their positions and retrieve their collateral assets. After the redemption period ends, the guardian multisig will recover the remaining reserves and a proportional airdrop will be distributed to Ethereum holders who have not redeemed. The airdrop will be distributed via Merkl, with a claim period of 1 year, giving holders a total of 2 years to complete their fund recovery. The Angle team is now focused on developing the DeFi incentive platform Merkl.
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Wu said that Angle Protocol announced an orderly liquidation of EURA and USDA stablecoins. Holders can exchange EURC and USDC 1:1 on the Ethereum network through the Angle App before March 1, 2027. VaultManager position users can close their positions and retrieve their collateral assets. After the redemption period ends, the guardian multisig will recover the remaining reserves and a proportional airdrop will be distributed to Ethereum holders who have not redeemed. The airdrop will be distributed via Merkl, with a claim period of 1 year, giving holders a total of 2 years to complete their fund recovery. The Angle team is now focused on developing the DeFi incentive platform Merkl.