Angle Weekly Recap

Week November 15th-21st

17/11/2021
Link to the original message here.

Hey @Anglers, a lot of important news for today!

ANGLE Olympus Pro Bonding program is live (3, 3)
Users can purchase ANGLE through bonds directly on the Olympus Pro website against Sushi ANGLE/agEUR LP tokens, allowing the protocol to progressively own its liquidity. Only 200k ANGLE (<10% of weekly distribution) are available per week! Read more here:

The update of the weekly distributed ANGLE rewards just came through
You can see the rewards distribution in this governance forum post: Angle Liquidity Mining Week 3
TLDR: rebalancing rewards, and incentivizing the new Curve 3EUR Pool (agEUR/EURs/EURt) and UNI-V2 FEI/agEUR one.

Welcoming FEI & FRAX as new collateral to mint and back agEUR :muscle:
In a few days, people will be able to use FRAX and FEI as collateral on Angle to mint agEUR. A cap on both tokens will be implemented to limit the associated risks. This is important for the protocol, as it represents the first step towards adding more collateral and potentially other stablecoins :rocket~1:

Thanks to everyone participating in the discussion and thinking out loud in the Discord and on https://gov.angle.money/, it’s great to have you on board :raised_hands: