# Introduction **Angel Finance** is an **Ange**l themed DeFi project on Cardano. \ \ Angel Finance originally started off as a small DeFi investment club on Cardano in January of 2024. Since then our project has evolved significantly over the last 1.5 years! We purchased Levvy at the end of May in 2024. Since then we've rebuilt the back end from scratch so that it works on live indexed transactions from the block chain directly, instead of the off-chain centralized database it ran on originally. Both the purchase and the required rebuild used a significant amount of our resources over the past year. Thankfully the forced rebuild put us in touch with SAIB a development team who's worked with the Cardano Foundation, contributed to Aiken and have built a host of other code and tooling on Cardano. With SAIB's help after the complete rebuild, our teams spent weeks designing the ultimate Levvy app of our dreams. Levvy V3 is the culmination of everything you love about lending in crypto and more!\ \ The money raised will be used to stabilize dev costs as we build out V3, to provide liquidity to Cardano tokens, farm yield, lend ADA, and make low risk trades. 80% of all profit made from DeFi and 75% of all revenue from Levvy will be distributed to **$Angels** holders on the 15th of every month. \ \ **Angel Finance** aims to be an honest and hard working contributor to the Cardano ecosystem. Since our launch in January of 2024, we've earned and paid out over 649,000 ADA to our holders. The team has yet to take a salary or pay ourselves. We know it can take a few years for a company to become financially stable. We won't be taking any payment for our work until we're convinced that this project will be profitable long term for our holders. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://ccardano.gitbook.io/angel-paper/introduction.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.