FIP-45: Angle protocol partnership (2)#334
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Joeysantoro merged 23 commits intodevelopfrom Dec 4, 2021
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…ocol-core into feat/angle-deposit
This issue is specific to running on a local fork, if the oracle is expired on mainnet, we'll want the tx to fail.
It is now unpaused on mainnet.
Joeysantoro
previously approved these changes
Dec 4, 2021
xklob
reviewed
Dec 5, 2021
| @@ -0,0 +1,38 @@ | |||
| TESTNET_MODE= | |||
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@eswak @Joeysantoro why did this file get added back in?
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Summary:
Spend 10M FEI to mint agEUR on Angle Protocol, and use these agEUR paired with ~10M FEI to provide liquidity on Uniswap-v2.
The Protocol-owned LP tokens will be staked to earn ANGLE token rewards.
Proposal:
Angle Protocol is another decentralized stablecoin protocol. They recently launched a Euro stablecoin backed by USD stablecoins at first, including FEI.
This proposal will mint 10M FEI to mint agEUR, and keep agEUR in the PCV.
The agEUR will be deposited on Uniswap-v2, where it will be matched with FEI to provide liquidity.
The LP tokens will be staked to earn ANGLE rewards at an expected APR of >5%.
Angle Protocol has strategies built on top of its reserves, and the FEI controlled by their protocol will be deployed to Aave.
Forum discussion: https://tribe.fei.money/t/potential-proposal-putting-some-fei-in-the-angle-protocol/3612/1
Snapshot: https://snapshot.org/#/fei.eth/proposal/0xf968a1fc48f83332d4832e79f814473fba098a46c57773b6645cc737ed46f807
To-do: