FIP-45: Angle Protocol Partnership
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 Code: https://github.com/fei-protocol/fei-protocol-core/pull/320
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xe0ac...BaCD52 | 10.137M | FOR |
 0x458c...21730E | 3.5M | FOR |
 0x6ef7...5C6148 | 3M | FOR |
 0xC64E...A5a484 | 2.5M | FOR |
 0xb81c...d5D8bF | 2.5M | FOR |
VOTE POWER
Proposal Status
- Mon November 29 2021, 02:43 pmPublished Onchain0x6ef7...5C6148
- Mon November 29 2021, 02:43 pmVoting Period Starts
- Wed December 01 2021, 04:48 pmEnd Voting Period
- Thu December 02 2021, 03:57 pmQueue Proposal
- Fri December 03 2021, 04:15 pmExecute Proposal
Current Results
1-FOR
28.637M
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens