I asked ChatGPT(4) for a summary of the post, if anyone wants a longer TLDR:
In this governance discussion post, potential solutions are explored for moving forward after agEUR has been voted as a senior stakeholder within the protocol’s Core Module. The document highlights the need to restore agEUR’s peg as soon as possible, without compromising the long-term viability of the protocol.
To that end, the Angle Labs team is working on a new potential design for the protocol’s Core module, based on a price stability module built around Curve. This aims to improve resilience, robustness, and scalability. In the meantime, the post suggests a short-term patch to restore agEUR’s peg by swapping USDC backing agEUR issued by the Core module into EUROC, and then adding EUROC liquidity to the agEUR-EUROC Curve pool.
This approach comes with exposure to EUROC and Curve risks, but could help restore agEUR’s peg quickly while waiting for the Euler hack proceeds to be repaid and a better system to be voted on, audited, and deployed. The post invites feedback and suggestions to refine the plan for the protocol and its stakeholders.