Overview
What is Tangent?
Tangent is a DeFi protocol building $USG, an over-collateralized USD stablecoin minted through a collateralized debt position (CDP) model. The design takes cues from Curve’s crvUSD, with $USG backed by productive collateral like Curve LP tokens and Pendle PTs rather than idle assets.
The protocol focuses on capital-efficient borrowing and yield generation. Users can mint $USG against productive positions, often at low or interest-free rates depending on the market, and earn yield through a savings vehicle (sUSG) or by providing liquidity. Peg stability is handled through Peg Keepers placed on top of the main Curve pools, similar to the crvUSD mechanism.
Tangent integrates with Curve, Frax, and Pendle and is built on Ethereum. The protocol is in late-stage pre-launch, with the pre-deposit campaign opening before the public $USG release.
Key Points
- Allocation: 12% of total supply (10% liquidity engagement + 2% vote engagement); 2% fixed share for pre-deposit campaign
- Distribution Method: Points program based on protocol usage; pre-deposit share proportional to deposit
- TGE Date: TBA (after $USG mainnet launch)
Participation Guide
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Step 1: Visit the Tangent Pre-Deposit Page
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Step 2: Acquire USDC or frxUSD
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Step 3: Choose a Pool and Deposit
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Step 4: Decide Whether to Stake Your LP Tokens
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Step 5: Maintain Your Position Through the Retention Phase
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Step 6: Claim Your $TAN Allocation Post-TGE