Angle Weekly Recap

Week April 25th - May 1st

29/04/2022

Hey all @Angler’s :wave:

Here’s a quick summary of what happened this week in Angle :point_down:


Curve gauge approved for sdANGLE

Gauges for sdANGLE/ANGLE and other sdTokens pools were approved this week! This is a big news for Angle and the Stake DAO lockers in general, as this will bootstrap the first CRV incentives for the pool which should finally start increasing sdANGLE liquidity :chart_with_upwards_trend:
If you have veCRV or sdCRV, make sure to vote for this gauge so it receives as much CRV incentives as possible!

agEUR liquidity as a service for PAL

The vote for agEUR liquidity as a service got approved this week, and liquidity in the agEUR-PAL pool should be deployed in the coming days.
If you haven’t followed this, you can find the gov post explaining liquidity as a service with Ondo here, and the proposal with Paladin there.

Switch Convex bribes to more efficient incentives

Bribing on Convex is expensive for the protocol, and we are currently looking for better alternatives to get veCRV voting power. There are multiple options available, including buying veCRV directly on other bribing platforms, or directly buying sdCRV to profit from the protocol veSDT boost. A discussion was started to talk about those options and see which one the protocol should pursue.

New agEUR use cases

Thanks to our recent integration with Mt Pelerin, agEUR users can now use the token as an off-ramp currency. It allows them to send funds from crypto directly as EUR in their bank account through Mt Pelerin. They can even use Request to create a EUR invoice to be paid with agEUR. All the flow to get paid with agEUR in a compliant way is explained here.
agEUR can also be used by companies as an alternative treasury asset to USD stablecoins, with yield opportunities and interesting integrations.


As always, keep track of what’s going on in Angle as things are moving fast :zap: :eyes:

Have a good weekend @everyone :sun_with_face: