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Scores/Angle Protocol

Angle Protocol

DAMASCUS

Stablecoin · Multi-chain · $200M+ TVL · 15 contracts

Official site: angle.money

780
3004756508251000
Confidence77%
Z-Factor0.80
Updated 2026-05-27Public score

Security Profile

Access Ctrl
78
Economic
72
Oracle
65
Compos.
75
Govern.
68
Maturity
75
Resilience
50
Supply Ch.
82
OpSec
50
Cascade
100
Min
50
Avg
72
Max
100

Audit History

Chainsecurity
2021-10
Sigma Prime
2023-06
Code4rena
2023-09

Bug Bounty Program

$500,000
Max payout on Immunefi
View Program

Assessment

Well-audited EUR stablecoin with simple architecture but smaller team, limited adversarial exposure, and oracle complexity. Below DAMASCUS due to Guardian centralization risks, opaque oracle config, and lack of active bounty program. Above FORGED due to clean audit history, standard patterns, and no exploit history.

Dimension Breakdown

Methodology
Access Control
Weight 18% · 80% confidence
78
+20Two-tier access: onlyGovernor (full power) + onlyGuardian (ops/fees)
+20Minter role pattern on AgToken restricts supply inflation
+20Guardian can set fees and pause without timelock -- ops flexibility vs risk tradeoff
+20No granular per-collateral admin roles (single Guardian controls all)
Provenance
Economic Soundness
Weight 13% · 70% confidence
72
+141:1 swap model with fee curves avoids complex liquidation logic
+14Savings vault uses linear rate accrual (no compounding rounding risk)
+14Rate capped by maxRate governor param prevents runaway yield
+14No flash mint capability limits inflation attack surface
Provenance
Oracle Integrity
Weight 13% · 68% confidence
65
+13Oracle config per collateral -- flexible but complex
+13Supports Chainlink, Redstone, Pyth, custom feeds
+13updateOracle is permissionless -- anyone can trigger refresh
-35Oracle config is opaque bytes blob -- harder to audit on-chain
Provenance
Battle-Tested Maturity
Weight 12% · 78% confidence
75
+12Protocol live since Nov 2021 (42 months), Transmuter since Jun 2023
+12No critical exploits on current Transmuter architecture
+12V1 (StableMaster) deprecated -- clean migration to V2
+12Multiple audits: Chainsecurity, Code4rena, Sigma Prime
Provenance
Governance & Upgradeability
Weight 10% · 65% confidence
68
+14OZ Governor with veANGLE voting -- standard pattern
+14Timelock on execution path for governance proposals
+14Guardian multisig has significant direct power (fees, pause, rates)
+14Guardian can effectively DoS protocol by pausing all collaterals
Provenance
Adversarial Resilienceredacted
Weight 10% · 30% confidence
50
  • No active bug bounty program on major platforms currently
  • Code4rena contest found issues in V2 design phase
  • Transmuter architecture is simpler than V1 -- reduced attack surface
  • EUR-focused protocol receives less adversarial attention than USD stablecoins
Provenance
Operational Security
Weight 10% · 50% confidence
50
-50No branch protection detected
+10No CI/CD pipeline detected
+10Commit signing: 87% verified
+10Strong PR review culture (77% reviewed)
Provenance
Compositional Risk
Weight 5% · 72% confidence
75
+19Simple architecture: Token + Transmuter + Savings (3 core contracts)
+19ERC-4626 standard for savings enables clean integration
+19Minimal external DeFi dependencies in core
+19Collateral tokens are external dependency surface
Provenance
Cascade Exposure
Weight 5% · 50% confidence
100
+33Member of 2 dependency cluster(s)
+33No cross-protocol cascade exposure detected
+33Source: cross_protocol_composition.json dependency analysis
Provenance
Supply Chain
Weight 4% · 80% confidence
82
+27Solidity 0.8.x with built-in overflow protection
+27Verified source on Etherscan
+27Standard dependency management
Provenance

Top Score Drivers

Dimensions with the greatest marginal impact on BRI.

Operational Security
50+34.4 potential
No branch protection detected
Adversarial Resilience
50+34.4 potential
Oracle Integrity
65+27.6 potential
Oracle config is opaque bytes blob -- harder to audit on-chain
Access Control
78+22 potential
Two-tier access: onlyGovernor (full power) + onlyGuardian (ops/fees)
Economic Soundness
72+20.9 potential
Redemption curve during depeg events introduces slippage risk

Adversarial Risk Signals

Publicly verifiable security posture indicators.

Disclosure HistoryNot Assessed
Remediation VelocityNot Assessed
Bug Bounty ProgramNot Assessed
Audit CoverageNot Assessed
Incident HistoryNot Assessed
Deployed 2021-11-0410 dimensionsProvenance Ledger
methodology v2.1formula v1.1weights v1.1evidence sha256:sha256:6...

Score History & Verification

Score provenance tracking begins with the next reassessment.

On-Chain Data

Protocol Slug
"angle"
Oracle
BRORegistry (Base)
Evidence
IPFS (pinned)
Staleness Threshold
24 hours
Read Score
registry.getScore("angle")
Reduce exploitable risk

Continuous adversarial analysis, vulnerability detection, and verified reassessment.

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