Week April 10th - April 17th
15/04/2022
Hello all @Angler’s! We hope you’re all fine. Here is what happened around the Angle this week
ANGLE rewards distribution analysis
After last week’s analysis that helped us notice how rewards were being sold, allocation for Convex bribes and USDC Perps have been reduced. We will push this analysis further to try to manage the rewards distribution more efficiently and distribute as little as possible to sellers while ensuring the sustainability of the protocol! To help us find out who incentivizes which gauges and how rewards can be better calibrated, I created another Dune dashboard giving more information on votes: Angle Gauges votes.
One idea that has been evoked is to replace ANGLE distributed to Perps with interest generated by the protocol. This is not to be expected in the near future, but could be an interesting option that we will explore!
ETH as native collateral
We are getting ready to activate discussion about accepting ETH as collateral in the Core module. You can find all the details about the discussion in this governance discussion, where we will post the deployment parameters next week.
Folding Strategy on USDC
Last week we deployed our new folding strategy on USDC with a 10% debt ratio. Everything has been working as expected, and we are getting ready to increase the funds allocated to the strategy in the following weeks.
Strategy address: 0x1f847fd5e08fb559a69280a14e7e904e6dbff81f
agEUR Liquidity migration
All votes for liquidity migration of Uniswap pools to new fee tiers have passed, and it will take place over the following weeks. If you have funds on the pools, they will be migrated through our contracts and you don’t have to do anything.
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As always, make sure to take part in all the discussion in Discord, on Twitter, and on Snapshot!
Have a nice weekend @everyone !