Proposal for Angle Protocol ($agEUR) Farm Optimization

Angle Protocol - Farms Optimization

Dear CAKE holders, to improve trading conditions and CAKE buyback, we are optimizing CAKE emission to the current Angle Protocol farm - agEUR-USDT on BNB Chain.

By redirecting CAKE from underperforming to high-performing Angle Protocol farms, we are able to encourage higher volume and liquidity, ultimately leading to greater trading fee revenue and therefore CAKE burns.

This ensures CAKE is distributed in a sustainable and beneficial manner for CAKE holders.

The Farm:

Farm	Previous Multiplier	New Multiplier	Change
agEUR-USDT	1.5x	3.0x	+1.5x

We propose to increase the farm multiplier of agEUR-USDT (0.05%) to 3.0x CAKE rewards. This will be executed shortly after the end of the vote proposal, if it passes.

If the TVL in the Farm picks up, we ask for discretion to increase the farm multiplier appropriately, up to a maximum of 5.0x. The duration and multipliers of the farm may be adjusted to optimize CAKE emissions.

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️💀

The official agEUR token contract address on BNB Chain is:

https://bscscan.com/token/0x12f31B73D812C6Bb0d735a218c086d44D5fe5f89

​Any other agEUR token will be a scam. Always verify the token address before buying tokens. If you receive an agEUR token airdrop from another address, it’s probably a scam, and we advise you to ignore it.