Angle Weekly Recap

Week from November 29th - December 5th

03/12/2021
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Weekly update

Hey all @Anglersđź‘‹

We hope everyone here is doing great! Here is what’s been going on this past week:

Governance token upgrade :rocket:
The most awaited change by the community! Smart contracts code is being finalized, and should be sent to audit on Monday 06/12. We are currently working on how to communicate those changes in the clearest and most impactful way!

FEI & FRAX now accepted as collateral
agEUR can now be minted with two other USD-stablecoins: FEI & FRAX! This diversifies the backing of agEUR, and make it mintable by more people. The rollout of both collateral has been a success so far.

Uni-V3 agEUR/FRAX incentives
Frax started incentivizing the Uni-V3 agEUR/FRAX LP token with FXS rewards, with a juicy APR from 120% up to more than 600%! All of this in a stablecoin pool :eyes: Staking happens on Frax here: https://app.frax.finance/staking#Uniswap_V3_FRAX_agEUR

Votium/Convex bribing for Curve 3EUR pool
Something that has been discussed a lot is bribing Convex through Votium to increase CRV/CVX rewards on the 3EUR curve pool. The idea would be to redirect current ANGLE Curve rewards toward bribing to increase the efficiency of liquidity mining. @selectYourPlayer opened a discussion about it here where you can share your thoughts: Curve Incentives. Users would get the advantage of receiving increased CRV and additional CVX rewards by staking their Curve 3EUR pool LP tokens altogether on Convex.

Beginning of incentives on Polygon
After the successful bridging of agEUR and ANGLE to Polygon and the weights vote of last week, incentives have started to be distributed on Quickswap’s agEUR/USDC pool! 2.3% of total rewards distributed from the 1st to the 8th of December are going to this pool LP’s stakers.

Weekly bonus: Angle Perps now have their own jpg on OpenSea! Checkout your wallet here and you might see something :anglecolor: