Angle Weekly Recap

Week March 21st - March 27th

25/03/2022

Hey @Angler’s :wave: This has been a busy week for Angle! Here is what’s been going on :point_down:

Stake DAO liquid locker :elephant:

Stake DAO released their locker for ANGLE! ANGLE holders can now stake their tokens on their platform to get sdANGLE as well as veANGLE. They also seeded an sdANGLE/ANGLE Curve pool to help users get in & out, though liquidity is still low at the moment. Note that sdANGLE pays interest in agEUR + additional SDT instead of Angle native sanUSDC_EUR, and the voting power on ANGLE distribution should be released in the following weeks. More info on their Discord

To lock ANGLE into Stake DAO’s sdANGLE :point_right: https://lockers.stakedao.org/

New Borrowing Module whitepaper

As detailed in our Roadmap blog post and in an ongoing governance discussion, Angle has been working on a new Borrowing Module! We published the whitepaper this week, laying out publicly the main features and logic behind this upgrade. You’ll find everything here :point_right: https://twitter.com/AngleProtocol/status/1506677682251173889
Feel free to like & retweet to share the news!

Pushing for incentives on agEUR pools instead of sanTokens

The two main goals of ANGLE incentives are to make sure the protocol is properly hedge by Hedging Agents and over-collateralized by SLPs, and to incentive agEUR liquidity across DeFi to push its adoption. Currently, the quantity of SLPs in the protocol is very high and we think putting more votes towards incentivizing agEUR LPs would have more value for the stablecoin and protocol as a whole.

New AMO discussion for agEUR on lending markets

A new governance discussion has been opened concerning letting people borrow agEUR directly from lending markets like Euler or Aave. This would help grow agEUR liquidity further, lower cost for borrowers, and give yield to the protocol.
More information here: https://gov.angle.money/t/algorithmic-market-operations-with-angle/294

Have a nice weekend @everyone ! :handshake: :sunrise_over_mountains: