Angle Weekly Recap

Week March 28th - April 3rd

01/04/2022


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

Buy ANGLE with lower slippage :triangular_ruler:

After the release of the Angle Router contract, now is the time to present the Buy ANGLE feature!

Anyone wanting to buy ANGLE had to go through the agEUR/ANGLE pool to not suffer a too high slippage. Thanks to our tokens integration with 1inch, we have built a place for users to benefit from the lower slippage route by using the 1inch API in the background! Users can now buy ANGLE from a pre-defined set of tokens at https://app.angle.money/#/angle.

Note that even these more liquid pools can have a significant slippage depending on the amount swapped. Make sure to check the execution price and minimum output amount before swapping.

agEUR supplied on Polygon

One way to grow the usage of stablecoins is to mint them from the protocol and supply them directly to lending markets such as Aave and Euler, so that users can borrow at a very low cost. This has been voted this week by veANGLE holders, and 1M agEUR have been minted and deposited into Aave V3 on Polygon, lowering the borrowing rate to ~ 0.2%!

If you want to borrow agEUR on Polygon :point_right: https://app.aave.com/reserve-overview/?underlyingAsset=0xe0b52e49357fd4daf2c15e02058dce6bc0057db4&marketName=proto_polygon_v3

Migrating agEUR UniV3 liquidity to lower fees :unicorn:

As detailed in this proposal, we are planning on opening a vote to lower the fees on UniV3 agEUR pools from 0.05% to 0.01% on agEUR/USDC, and from 0.3% to 0.05% on agEUR/ETH. We would be operating the migration for users providing liquidity through G-UNI tokens and staking on Angle so that they wouldn’t have to do anything.

This will allow agEUR to be much cheaper to trade with, making it more convenient for everyone using the token. Keep an eye out for the vote that should go live next week!

New Borrowing Module Audit

Code of the new Borrowing module has been frozen and is now in the hands of the auditors! If you don’t know what it is about yet, you can check out this governance discussion, or share messages in the #borrowing-module channel on Discord.


As you can see, the protocol is currently undergoing a lot of upgrades and improvements, so make sure you follow the latest news in the forum :slight_smile:
Have a nice weekend @everyone ! :sun_with_face: