Liquidity Migration on Uniswap

Proposal

This is a proposal to shift the G-UNI liquidity for the USDC/agEUR and ETH/agEUR pools staked on Angle liquidity gauges to lower fees pools.

We propose to change all the staked G-UNI tokens corresponding to the USDC/agEUR 5bp pool to new G-UNI tokens corresponding to a USDC/agEUR 1bp pool and automatically restake it, and do the same for the staked G-UNI tokens corresponding to the wETH/agEUR 30bp pool with a new wETH/agEUR 5bp pool.

Implementation

An open-source migrator contract is currently being finalized. You can check it here: https://github.com/AngleProtocol/uniswap-migrator/pulls. Migrator will be done atomically in just one transaction and corresponding liquidity gauges will be upgraded to avoid any user action on this.

From a user perspective, liquidity will be moved, and upon unstaking in these gauges, you'll get new G-UNI tokens corresponding to the new pool in which liquidity is. Users will still accumulate ANGLE tokens based on the amount of liquidity initially put.

Vote Options

Should we migrate staked G-UNI liquidity to lower fees pools?

1. For, we should migrate liquidity
2. Against, do nothing