Week April 25th - May 1st
29/04/2022
Hey all @Angler’s
A lot of things have been happening again this week! Here’s a quick summary
ETH added as native collateral in Angle :eth:
Finally, ETH is here as collateral in Angle Core module. This means that users can mint agEUR directly from ETH, deposit ETH to earn yield on top of strategies, and open leverage long ETH/EUR positions if there is capacity!
Complete summary in this tweet https://twitter.com/AngleProtocol/status/1520009727467474944
Liquidity as a service with agEUR and PAL through Ondo
There is currently a proposal being voted on to provide liquidity as a service through agEUR. This is a new type of AMO that is different than the lending market, with new risk and implications.
Governance discussion: Liquidity as a Service Partnership with Paladin
Snapshot vote: Snapshot
On & off-ramp integration for agEUR with Mt Pelerin ↔️
Mt Pelerin now allows agEUR users to come in & out directly from their bank account! This reduces friction for agEUR once again, and is another boost for adoption of the stablecoin in the long-run. Request + Mt Pelerin allows for a new use case: DAOs can pay their contributor in agEUR from any token, and the contributors can off-ramp agEUR directly to their bank account!
Chainlink agEUR/USD oracle feed on Polygon
Chainlink added a new oracle feed involving agEUR! This is a very good step, and is making us even closer to an much needed feed on Ethereum mainnet.
Things will get sporty in the next few weeks, so make sure you’re around and keeping track of what’s going on in the Angle space
Have a good weekend @everyone