Abstract

This is a vote to add a Euler agEUR Senior tranche gauge to Idle.

Background

Angle is a decentralized stablecoin protocol, it is issuing agEUR which has become one of the biggest Euro stablecoin in the market.

The Angle Protocol has been deploying agEUR to Euler to seed the market there.

Recently, a governance vote passed on Angle to deploy for at least 1 month $250k worth of eagEUR on Idle in the Senior tranche of the pool. Related forum discussion can be found here.

Both protocols were audited and rely on an open source codebase. As for Angle, audits can be found here, and code is available here.

Motivation

A gauge on this pool with help incentivize senior lenders to come on top of Angle, thus creating opportunities for other junior lenders to join the pool, and hence using the Idle product for what it's been truly built for.

Euler is also one of the best places where to get yield on Euros, and an IDLE gauge could definitely make Idle the main place to get protected Euro yield.

It would also open the door to further integrations involving notably Balancer pools with other senior tranche tokens.

Specifications

The Euler agEUR senior pool has already been deployed by the Idle team. It is available here.

Voting Options

Please cast your vote on one of the following options: FOR: Approve agEUR Senior PYTs whitelisting AGAINST: Vote against agEUR Senior PYTs whitelisting DISCUSS MORE: Discuss more the proposal

This poll is available for both $IDLE token holders and stkIDLE holders. The final $IDLE voting weights will be calculated using the approved calculator.