Angle Protocolby
angleprotocol.lens
AIP - 82: Consolidate some protocol treasury holdings
This is a vote to consolidate some of the holdings of the protocol into agEUR.
Context
As can be found in the treasury page of our analytics, the protocol controls some tokens in its treasury that are not under the form of stablecoins and that have been earned through various operations across the protocol's existence. This includes notably:
- CRV
- COMP
- CVX
- IDLE
- FXS
- 3CRV
- VELO
- KNC
- CAKE
- SONNE
- SLIZ
- SDT Also this treasury page does not factor in some holdings the protocol has on StakeDAO liquid lockers (including claimable FXS, CRV, SDT, cvxPRISMA as well as sdCRV and sdFXS tokens). The protocol is now not involved in Curve votes, and hasn't been using these tokens to vote under any form for a while.
Proposal
The proposal is for the protocol to get rid of these tokens in its treasury and use it to buy agEUR.
Implementation
To implement this proposal, we will simply transfer the tokens mentioned to the guardian multisig for it to take charge of the liquidation of the assets. Acquired agEUR will then be sent back to the governor multisig on mainnet.
Value to the protocol
The aim here is to consolidate the protocol's treasury and equity into Euro denominated assets to further reduce the exposure of the protocol's equity to any volatile asset that could lose in value.
Voting Options
- For, consolidate holdings
- Against, do nothing
Off-Chain Vote
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- Author
angleprotocol.lens
- IPFS#bafkreib
- Voting Systemweighted
- Start DateDec 20, 2023
- End DateDec 25, 2023
- Total Votes Cast84.39M veANGLE
- Total Voters79
Timeline
- Dec 20, 2023Proposal created
- Dec 20, 2023Proposal vote started
- Dec 25, 2023Proposal vote ended
- Feb 18, 2025Proposal updated