AIP - 6 : Angle <> Lend Flare partnership proposal

Hello everyone,

This vote is about the partnership proposal between Angle and LendFlare. Following our discussion on the Angle governance forum (please see the link attached), here is the current consensus:

-> On Lend Flare side:

• LendFlare will create a euro stablecoin market. It will be possible to borrow agEUR against Convex Curve 3eur LP as collateral, and to leverage Convex Curve 3eur LP with agEUR stablecoin.
• LFT incentives and loan fees will be distributed to users who deposit agEUR on LendFlare as lenders. Like other LendFlare users, agEUR lenders will be free to do whatever they want with the rewards (sell, lock, hold, lp mining...).
• If necessary, LendFlare team will use its voting power to help guarantee 10% daily incentives during the following months for agEUR lending on LendFlare.

-> On Angle side:

• Angle will commit an AMO of 500K agEUR during two months, as initial loan liquidity on LendFlare. The amount will then be reduced, by mutual agreement.
• Angle will lock the LFT rewards earned by the AMO for 4 years.
• Angle will buy 10k$ of LFT tokens (at current price, 3.8M LFT tokens) and lock it for 4 years, to partially guarantee voting power/incentives for future agEUR lenders.

-> Together:

• Co-marketing to promote Angle and Lend Flare products.

The vote will be live for 5 days, from June 3 to June 8.

The LendFlare team