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Scores/Angle Protocol

Angle Protocol

DAMASCUS

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

Confidence 77%Z-Factor 0.80Updated 2026-05-13Public Score

Public risk assessment — scores are produced with the same methodology as monitored protocols

796
BRI Score
3004756508251000

Security Profile

Access Ctrl
78
Economic
72
Oracle
65
Compos.
75
Govern.
68
Maturity
75
Resilience
50
Supply Ch.
82
OpSec
70
Cascade
100
Min
50
Avg
74
Max
100

Audit History

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

Bug Bounty Program

$250,000
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

How scores work →
Access Control
Weight 18%80% conf
78
Good
  • Two-tier access: onlyGovernor (full power) + onlyGuardian (ops/fees)
  • Minter role pattern on AgToken restricts supply inflation
  • ProxyAdmin owned by Governor timelock -- upgrade path gated
  • Guardian can set fees and pause without timelock -- ops flexibility vs risk tradeoff
  • No granular per-collateral admin roles (single Guardian controls all)
Economic Soundness
Weight 13%70% conf
72
Good
  • 1:1 swap model with fee curves avoids complex liquidation logic
  • Savings vault uses linear rate accrual (no compounding rounding risk)
  • Rate capped by maxRate governor param prevents runaway yield
  • No flash mint capability limits inflation attack surface
  • Fee curve manipulation by Guardian could theoretically extract MEV
  • Redemption curve during depeg events introduces slippage risk
Oracle Integrity
Weight 13%68% conf
65
Moderate
  • Oracle config per collateral -- flexible but complex
  • Supports Chainlink, Redstone, Pyth, custom feeds
  • updateOracle is permissionless -- anyone can trigger refresh
  • Oracle config is opaque bytes blob -- harder to audit on-chain
  • EUR/USD pair less liquid than USD pairs on Chainlink
  • No explicit staleness check exposed in Transmuter interface
Battle-Tested Maturity
Weight 12%78% conf
75
Good
  • Protocol live since Nov 2021 (42 months), Transmuter since Jun 2023
  • No critical exploits on current Transmuter architecture
  • V1 (StableMaster) deprecated -- clean migration to V2
  • Multiple audits: Chainsecurity, Code4rena, Sigma Prime
  • Z-factor: 0.70 (Transmuter), 0.83 (AgToken)
  • TVL peaked higher (~$500M) but stabilized at ~$30M -- smaller attack surface
Governance & Upgradeability
Weight 10%65% conf
68
Moderate
  • OZ Governor with veANGLE voting -- standard pattern
  • Timelock on execution path for governance proposals
  • Guardian multisig has significant direct power (fees, pause, rates)
  • Guardian can effectively DoS protocol by pausing all collaterals
  • veANGLE concentration risk not publicly measured
  • Moderate governance activity -- fewer proposals than top-tier protocols
Adversarial Resilience
Weight 10%30% conf
50
Concerning
  • 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
  • No formal verification of core invariants
  • No validated adversarial findings — score set to neutral baseline
Operational Security
Weight 10%65% conf
70
Good
  • Angle Labs operates with professional team
  • Guardian multisig for operational actions
  • Active on-chain governance participation
  • Smaller team than top-tier protocols
  • Less public incident response history to evaluate
Compositional Risk
Weight 5%72% conf
75
Good
  • Simple architecture: Token + Transmuter + Savings (3 core contracts)
  • ERC-4626 standard for savings enables clean integration
  • Minimal external DeFi dependencies in core
  • Collateral tokens are external dependency surface
  • Cross-chain deployments (Arbitrum, Optimism, etc.) add composition risk
Cascade Exposure
Weight 5%50% conf
100
Excellent
  • Member of 2 dependency cluster(s)
  • No cross-protocol cascade exposure detected
  • Score: 100/100 (higher = more isolated from systemic risk)
  • Source: cross_protocol_composition.json dependency analysis
Supply Chain
Weight 4%80% conf
82
Strong
  • OpenZeppelin contracts (Governor, Proxy, ERC20, ERC4626)
  • Solidity 0.8.x with built-in overflow protection
  • Verified source on Etherscan
  • Standard dependency management

Risk Drivers

Primary risk factors driving this score, ordered by severity.

Adversarial Resilience50
Oracle Integrity65
Governance & Upgradeability68

Adversarial Risk Signals

Observable security posture indicators. These signals reflect publicly verifiable information and responsible disclosure outcomes. No specific vulnerability details are exposed.

Disclosure HistoryNot Assessed
Remediation VelocityNot Assessed
Bug Bounty ProgramNot Assessed
Audit CoverageNot Assessed
Incident HistoryNot Assessed
Deployed 2021-11-04Z-Factor 0.80010 active dimensions

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")

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