Overcollateralized borrowers deposit funds into Angle and receive agEUR stablecoin.

Angle is a non-custodial stablecoin protocol built on Ethereum. Angle was co-founded by Pablo Veyrat and launched in 2021. The dashboard does not track the deprecated Core module.

ANGLE tokenholders own and govern the protocol. They currently take a cut of the transaction fees paid by the users and the interest earned on collateral assets (revenue). Angle’s investors include a16z, Fabric Ventures, Wintermute, etc.

governance

github

twitter

discord

etherscan

website

Stablecoin issuers

Angle

# Angle Maximum token supply Methodology

## 1. Overview

The Angle protocol token maximum supply metric represents the hard cap on the total number of tokens that can ever exist for the Angle protocol. This is a static protocol parameter that defines the absolute ceiling for token supply, regardless of current circulation or minting status. The metric answers the question: "What is the maximum possible supply of Angle tokens as defined by the protocol's tokenomics?"

## 2. Data sources

This metric relies on hardcoded protocol configuration data rather than dynamic blockchain sources:
- **Protocol specifications**: Hardcoded maximum token supply cap defined in the protocol's tokenomics
- **Launch date information**: Protocol launch timestamp specification
- **Token configuration**: Static protocol parameters defining token supply limits

## 3. Step-by-step calculation

### Component A: Maximum supply definition
- **Purpose**: Define the absolute maximum token supply for Angle protocol
- **Logic**: The calculation uses hardcoded protocol specifications that set the maximum possible token supply at 1 billion tokens (1,000,000,000). This represents the absolute ceiling defined by the protocol's tokenomics design, beyond which no additional tokens can ever be minted or created.
- **Key fields**: The `token_supply_maximum` field is set to exactly 1,000,000,000 tokens

### Component B: Temporal configuration
- **Purpose**: Establish the time series parameters for the metric
- **Logic**: The calculation sets a launch date of November 4, 2021 at 00:00:00 UTC as the starting point when this maximum supply limit became effective. The timestamp grain is configured for daily reporting, meaning this constant value will be reported as a daily metric.
- **Key fields**: The `timestamp` field is set to the protocol launch date, and `timestamp_grain` is configured for daily reporting

### Final aggregation
- **Combining components**: The hardcoded maximum supply value and temporal configuration are processed through a standardization macro that formats the data into the proper metric structure
- **Time series generation**: The forward-fill strategy ensures this constant maximum supply value is propagated across all time periods from the launch date onwards, creating a complete daily time series
- **Final calculation**: The metric value remains constant at 1 billion tokens for all time periods, representing the unchanging protocol-defined maximum supply cap

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

AngleANGLE

Maximum token supply

Maximum token supply

Competitive landscape