# Angle Protocol Gauge **URL:** \ **Category:** Gauges\ **Created:** [November 11, 2021, 12:01pm UTC](https://gov.frax.finance/t/angle-protocol-gauge/208 "2021-11-11T12:01:33Z")\ **Posts on this page:** 10\ **Page:** 1
**Author:** ![sogipec](https://avatars.discourse-cdn.com/v4/letter/s/ee7513/32.png) [@sogipec](https://gov.frax.finance/u/sogipec)\ **Post date:** [November 11, 2021, 12:01pm UTC](https://gov.frax.finance/t/angle-protocol-gauge/208/1 "2021-11-11T12:01:34Z")
Hey everyone, I’d like to propose a gauge for the Angle protocol where I am a Core Contributor. The Angle Protocol is a decentralized stablecoin protocol with $130m of TVL and more than 77m stablecoins issued. ## Summary Add a gauge for a FRAX/agEUR pool on Uniswap V3 ## Background and Motivation The Angle Protocol has launched a Euro stablecoin, and was designed to be able to issue stablecoins pegged to multiple assets like CHF, GBP, JPY. We currently use DAI and USDC as collateral but plan to use other types of decentralized stablecoins as collateral like FEI and FRAX. You can check the discussions in the Angle governance forum to use FRAX as a collateral: > **[AIP-3: Accept FRAX as a collateral for the Euro Stablecoin](https://gov.angle.money/t/aip-3-accept-frax-as-a-collateral-for-the-euro-stablecoin/137/2)** > > I agree with you. It’s great to associate with a highly decentralized, dynamic program. FRAX as a collateral for the Angle protocol could bring a lot of benefits for FRAX and FXS holders. First they’ll be able to swap FRAX to mint agEUR. Angle has also strategies built on its protocol and by depositing FRAX on Angle you’ll be able to get the Aave yield with a multiplier effect on the yield. Long FRAX/agEUR perpetual options will also be available. The Angle Protocol has a LM mechanism similar to that of FRAX in the sense that ANGLE rewards are distributed every week to different pools: in the case of the FRAX/agEUR pool, ANGLE rewards could also be distributed. In the end, benefits of the gauge: 1.) Create Euro exposure for FRAX holders through the FRAX/agEUR pool 2.) Angle can further incentivize the gauge with ANGLE rewards doubling the token rewards for users 3.) Build a partnership with a decentralized stablecoin protocol (that does not plan to go to USD) that builds in itself many interesting use cases for FRAX holders like strategies for FRAX on Aave ---
**Author:** ![FraxiG](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/fraxig/32/73_2.png) [@FraxiG](https://gov.frax.finance/u/FraxiG)\ **Post date:** [November 11, 2021, 1:26pm UTC](https://gov.frax.finance/t/angle-protocol-gauge/208/2 "2021-11-11T13:26:28Z")
the more the merrier, let’s do it. ---
**Author:** ![sparkes25](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/sparkes25/32/392_2.png) [@sparkes25](https://gov.frax.finance/u/sparkes25)\ **Post date:** [November 13, 2021, 12:13pm UTC](https://gov.frax.finance/t/angle-protocol-gauge/208/3 "2021-11-13T12:13:46Z")
i see no harm in adding this pair to the gauge. gives people more options and another pool to get a veFXS boost in ---
**Author:** ![DeFiDegen](https://avatars.discourse-cdn.com/v4/letter/d/3d9bf3/32.png) [@DeFiDegen](https://gov.frax.finance/u/DeFiDegen)\ **Post date:** [November 13, 2021, 2:13pm UTC](https://gov.frax.finance/t/angle-protocol-gauge/208/4 "2021-11-13T14:13:36Z")
Very open to new partnerships that onboard FRAX as collateral! One question; to what extent would the FRAX collateral within Angle be locked/redeemable? A quick glance at the WP seems to suggest the latter, which makes this less attractive vs a partnership w TEMPLE which locks the FRAX. Havent done too much reading yet. There are likely to be other considerations as well, but just throwing this out there. ---
**Author:** ![0xPantani](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/0xpantani/32/111_2.png) [@0xPantani](https://gov.frax.finance/u/0xPantani)\ **Post date:** [November 14, 2021, 6:33pm UTC](https://gov.frax.finance/t/angle-protocol-gauge/208/5 "2021-11-14T18:33:35Z")
I’ve personally tested Angle on their testned and was quite impressed. Would love to see an integration with Frax. ---
**Author:** ![sogipec](https://avatars.discourse-cdn.com/v4/letter/s/ee7513/32.png) [@sogipec](https://gov.frax.finance/u/sogipec)\ **Post date:** [November 15, 2021, 7:49am UTC](https://gov.frax.finance/t/angle-protocol-gauge/208/6 "2021-11-15T07:49:15Z")
Collateral within Angle is always redeemable by people using Angle at a 1:1 rate. What’s even cooler is that Angle uses the FRAX in its reserves in strategies: in the case of FRAX it’s just going to be strategies on Aave ---
**Author:** ![sparkes25](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/sparkes25/32/392_2.png) [@sparkes25](https://gov.frax.finance/u/sparkes25)\ **Post date:** [November 24, 2021, 10:11pm UTC](https://gov.frax.finance/t/angle-protocol-gauge/208/7 "2021-11-24T22:11:42Z")
did they ever put this up for a vote ? ---
**Author:** ![sogipec](https://avatars.discourse-cdn.com/v4/letter/s/ee7513/32.png) [@sogipec](https://gov.frax.finance/u/sogipec)\ **Post date:** [November 25, 2021, 8:39am UTC](https://gov.frax.finance/t/angle-protocol-gauge/208/8 "2021-11-25T08:39:12Z")
No we will propose the vote today! ---
**Author:** ![fraximalistdave](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/fraximalistdave/32/67_2.png) [@fraximalistdave](https://gov.frax.finance/u/fraximalistdave)\ **Post date:** [November 27, 2021, 10:32pm UTC](https://gov.frax.finance/t/angle-protocol-gauge/208/9 "2021-11-27T22:32:49Z")
May I recommend that this become a G-UNI pool as well? Angle already has a G-UNI pair with for agEUR / USDC and one could be created for FRAX/agEUR as well. ---
**Author:** ![dAPE](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/dape/32/312_2.png) [@dAPE](https://gov.frax.finance/u/dAPE)\ **Post date:** [December 23, 2021, 4:40am UTC](https://gov.frax.finance/t/angle-protocol-gauge/208/10 "2021-12-23T04:40:11Z")
What happened with the FRAX/ agEUR pool APR? Its more than 3X less than USDC or DAI but for this week it seemed to have proportionally solid amount of gauge votes?