Angle Protocol announces it will cease operations in March 2027, as the team shifts focus to develop the DeFi incentive platform Merkl.

Mars Finance reports that on March 4th, the decentralized stablecoin protocol Angle Protocol announced that the Angle community has voted to orderly liquidate EURA and USDA stablecoins. Users must redeem their stablecoins before March 1, 2027, with an exchange rate of 1:1 during this period, with no losses. Remaining reserves will be airdropped to unredeemed holders via Merkl. The Angle team is currently developing Merkl, a platform focused on DeFi incentives. Users will be able to redeem EURA and USDA on Ethereum through the Angle app within the next year, and exchange EURC and USDC 1:1 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 via 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.