Angle Protocol Bi-Weekly Updates

DAO Programs & Initiatives Biweekly Updates (STIP)
1

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 100,000 ARB

ARB Utilized as Incentives in the Last Two Weeks:

The distribution started on November 7, 2023 and as of today 99,666 ARB have been distributed as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 16,666 ARB
  • stEUR-USDC Camelot v3 pool: ≈ 41,666 ARB
  • stEUR-ARB Camelot v3 pool: ≈ 41,666 ARB

The remaining ARB of the 1st disbursement will continue to be distributed according to the plan.

Contracts incentivized over the last 2 weeks:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa
  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e
  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

ARB left over: 600,000 ARB

Plan for leftover ARB: We will continue the planned distributions outlined in the Angle STIP and the remaining ARB of the 1st disbursement will continue to be distributed according to the plan.

Summary of incentives:

The distribution started on November 7, 2023 and as of today 99,666 ARB have been distributed as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 16,666 ARB
  • stEUR-USDC Camelot v3 pool: ≈ 41,666 ARB
  • stEUR-ARB Camelot v3 pool: ≈ 41,666 ARB

Overall summary of the distribution to take place until the end of the STIP program:

  • ≈35% (250,000 ARB) will be allocated to the stEUR/USDC Camelot v3 pool
  • ≈35% (250,000 ARB) will be allocated to the stEUR/ARB Camelot v3 pool
  • ≈14% (100,000 ARB) will be allocated to the stEUR/wstETH Camelot v3 pool
  • ≈14% (100,000 ARB) will be allocated to an ecosystem integration of stEUR in a money market (Radiant)

Additional Info / Disclosures to Multisig: N/A

STATS

Average daily TVL:

  • stEUR-wstETH: $0.559k (over 10 days as distribution started on November 7, 2023)
  • stEUR-USDC: $4.13m (over 10 days as distribution started on November 7, 2023)
  • stEUR-ARB: $1.95m (over 10 days as distribution started on November 7, 2023)

Average daily transactions:

  • stEUR-wstETH: 734
  • stEUR-USDC: 3,058
  • stEUR-ARB: 2,530

Average daily volumes:

  • stEUR-wstETH: $0.261k (over 10 days as distribution started on November 7, 2023)
  • stEUR-USDC: $1.98m (over 10 days as distribution started on November 7, 2023)
  • stEUR-ARB: $1.07m (over 10 days as distribution started on November 7, 2023)

Number of unique user addresses:

Omitted as calculations are not reliable. Working on retrieving data on all addresses in concentrated liquidity pools and not only positions or rewarded addresses.

Transaction fees:

Overall data to be updated with next report.

Last 24 hours transaction fees:

  • stEUR-wstETH: 2500
  • stEUR-USDC: 3600
  • stEUR-ARB: 4200

Link to Dashboard showing metrics:

Available soon. Dune Dashboard under preparation by OpenBlock and Angle.

Plan For the Next Two Weeks

Amount of ARB to be distributed: 100,000 ARB

Contracts that will be incentivized:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa
  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e
  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

Mechanism for distribution incentives:

The pools to be set up are concentrated liquidity pools on Camelot.

Incentivizing concentrated liquidity is initially difficult to implement. To do so, Angle will use Merkl, the tool developed by Angle Labs.

This tool is already in use since 2022 and trusted by several concentrated liquidity DEXes and projects to incentivize concentrated liquidity including Uniswap, Camelot, Sushiswap, Retro and others.

Fees do not apply when Merkl is used to incentivize agEUR and stEUR pools. This means the the use of Merkl will not incur any fees charged to the benefit of Angle Labs.

Summary of incentives plan:

  • stEUR Camelot pools incentives

Summary of changes to the original plan: No changes.

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2

Recap of the Previous Two Weeks (Dec 1st, 2023)

The distributions for Angle started on November 7, 2023, with a first iteration of 100k ARB from the 7th of November to the 21st of November and a second iteration from the 21st of November to the 5th of December and as of today 172,138 ARB have been distributed as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 28,686 ARB
  • stEUR-USDC Camelot v3 pool: ≈ 71,726 ARB
  • stEUR-ARB Camelot v3 pool: ≈ 71,726 ARB

The remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

ARB Received Last Disbursement: 100,000 ARB

Contracts incentivized over the last 2 weeks:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa
  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e
  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

ARB left over: 500,000 ARB

Plan for leftover ARB: We will continue the planned distributions outlined in the Angle STIP and the remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

Summary of incentives:

Over the last two weeks (starting Nov 21st), 72,630 ARB have been distributed as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 12,020 ARB
  • stEUR-USDC Camelot v3 pool: ≈ 30,060 ARB
  • stEUR-ARB Camelot v3 pool: ≈ 30,530 ARB

Overall summary of the distribution to take place until the end of the STIP program:

  • ≈35% (250,000 ARB) will be allocated to the stEUR/USDC Camelot v3 pool
  • ≈35% (250,000 ARB) will be allocated to the stEUR/ARB Camelot v3 pool
  • ≈14% (100,000 ARB) will be allocated to the stEUR/wstETH Camelot v3 pool
  • ≈14% (100,000 ARB) will be allocated to an ecosystem integration of stEUR in a money market (Radiant)

Additional Info / Disclosures to Multisig: N/A

STATS since Nov 21st 2023

Average daily TVL:

  • stEUR-wstETH: $850k
  • stEUR-USDC: $4.07m
  • stEUR-ARB: $2m

Average daily volumes:

  • stEUR-wstETH: $140k
  • stEUR-ARB: $377k
  • stEUR-USDC: $800k

Number of unique user addresses rewarded :

  • stEUR-wstETH: 44 users
  • stEUR-ARB: 75 users
  • stEUR-USDC: 200 users

Transaction fees:

Last Avg 7 days transaction fees:

  • stEUR-ARB: 268$
  • stEUR-wstETH: 60$
  • stEUR-USDC: 250$

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 100,000 ARB

Contracts that will be incentivized:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa
  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e
  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

Mechanism for distribution incentives:

The pools to be set up are concentrated liquidity pools on Camelot.

Incentivizing concentrated liquidity is initially difficult to implement. To do so, Angle will use Merkl, the tool developed by Angle Labs.

This tool is already in use since 2022 and trusted by several concentrated liquidity DEXes and projects to incentivize concentrated liquidity including Uniswap, Camelot, Sushiswap, Retro and others.

Fees do not apply when Merkl is used to incentivize agEUR and stEUR pools. This means the the use of Merkl will not incur any fees charged to the benefit of Angle Labs.

Summary of incentives plan:

  • stEUR Camelot pools incentives

Summary of changes to the original plan: No changes.

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4

STIP bi-weekly update from 5/12/2O23 to 19/12/2023

Recap of the Previous Two Weeks

The distributions for Angle started on November 7, 2023, and as of 19 December 2023, 299,994 ARB have been distributed in total as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 49,998 ARB

  • stEUR-USDC Camelot v3 pool: ≈ 124,998 ARB

  • stEUR-ARB Camelot v3 pool: ≈ 124,998 ARB

The remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

ARB Received Last Disbursement: 100,000 ARB

Contracts incentivised over the last 2 weeks:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa

  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e

  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

**ARB left over≈ ** 400,006 ARB

Plan for leftover ARB: We will continue the planned distributions outlined in the Angle STIP and the remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

Summary of incentives:

Over the last two weeks (from 5/12/2O23 to 19/12/2023), 100,498 ARB have been distributed as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 16,666 ARB

  • stEUR-USDC Camelot v3 pool: ≈ 41,666 ARB

  • stEUR-ARB Camelot v3 pool: ≈ 41,666 ARB

Overall summary of the distribution to take place until the end of the STIP program:

  • ≈35% (250,000 ARB) will be allocated to the stEUR/USDC Camelot v3 pool

  • ≈35% (250,000 ARB) will be allocated to the stEUR/ARB Camelot v3 pool

  • ≈14% (100,000 ARB) will be allocated to the stEUR/wstETH Camelot v3 pool

  • ≈14% (100,000 ARB) will be allocated to an ecosystem integration of stEUR in a money market (Silo)

Additional Info / Disclosures to Multisig: N/A

STATS (from 5/12/2O23 to 19/12/2023)

Average daily TVL:

  • stEUR-wstETH: $1.1m

  • stEUR-USDC: $3.7m

  • stEUR-ARB: $2m

Number of unique user addresses rewarded :

  • stEUR-wstETH: 25 users

  • stEUR-USDC: 107 users

  • stEUR-ARB: 65 users

Transaction fees:

Last Avg 7 days transaction fees:

  • stEUR-wstETH: 148$

  • stEUR-USDC: 174$

  • stEUR-ARB: 593$

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 100,000 ARB

Contracts that will be incentivized:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa

  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e

  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

Mechanism for distribution incentives:

The pools to be set up are concentrated liquidity pools on Camelot.

Incentivizing concentrated liquidity is initially difficult to implement. To do so, Angle will use Merkl, the tool developed by Angle Labs.

This tool is already in use since 2022 and trusted by several concentrated liquidity DEXes and projects to incentivize concentrated liquidity including Uniswap, Camelot, Sushiswap, Retro and others.

Fees do not apply when Merkl is used to incentivize agEUR and stEUR pools. This means the the use of Merkl will not incur any fees charged to the benefit of Angle Labs.

Summary of incentives plan:

  • stEUR Camelot pools incentives

Summary of changes to the original plan: No changes.

5

STIP bi-weekly update from 19/12/2023 to 02/01/2024

Recap of the Previous Two Weeks

The distributions for Angle started on November 7, 2023, and as of 2 January 2024 357,135 ARB have been distributed in total as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 59,521 ARB

  • stEUR-USDC Camelot v3 pool: ≈ 148,807 ARB

  • stEUR-ARB Camelot v3 pool: ≈ 148,807 ARB

The remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

ARB Received Last Disbursement: 100,000 ARB

Contracts incentivised over the last 2 weeks:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa

  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e

  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

**ARB left over≈ ** 342,865 ARB

Plan for leftover ARB: We will continue the planned distributions outlined in the Angle STIP and the remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

Summary of incentives:

Over the last two weeks (from 19/12/2O23 to 02/01/2024), 57,141 ARB have been distributed as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 9,523 ARB

  • stEUR-USDC Camelot v3 pool: ≈ 23,809 ARB

  • stEUR-ARB Camelot v3 pool: ≈ 23,809 ARB

Overall summary of the distribution to take place until the end of the STIP program:

  • ≈35% (250,000 ARB) will be allocated to the stEUR/USDC Camelot v3 pool

  • ≈35% (250,000 ARB) will be allocated to the stEUR/ARB Camelot v3 pool

  • ≈14% (100,000 ARB) will be allocated to the stEUR/wstETH Camelot v3 pool

  • ≈14% (100,000 ARB) will be allocated to an ecosystem integration of stEUR in a money market (Silo)

Additional Info / Disclosures to Multisig: N/A

STATS (from 19/12/2O23 to 02/01/2024)

Average daily TVL:

  • stEUR-wstETH: $939k

  • stEUR-USDC: $3.1m

  • stEUR-ARB: $1.7m

Number of unique user addresses rewarded :

  • stEUR-wstETH: 19 users

  • stEUR-USDC: 87 users

  • stEUR-ARB: 66 users

Transaction fees:

Last Avg 7 days transaction fees:

  • stEUR-wstETH: 142$

  • stEUR-USDC: 170$

  • stEUR-ARB: 676$

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 100,000 ARB

Contracts that will be incentivized:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa

  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e

  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

Mechanism for distribution incentives:

The pools to be set up are concentrated liquidity pools on Camelot.

Incentivizing concentrated liquidity is initially difficult to implement. To do so, Angle will use Merkl, the tool developed by Angle Labs.

This tool is already in use since 2022 and trusted by several concentrated liquidity DEXes and projects to incentivize concentrated liquidity including Uniswap, Camelot, Sushiswap, Retro and others.

Fees do not apply when Merkl is used to incentivize agEUR and stEUR pools. This means the the use of Merkl will not incur any fees charged to the benefit of Angle Labs.

Summary of incentives plan:

  • stEUR Camelot pools incentives

Summary of changes to the original plan: No changes.

6

STIP bi-weekly update from 02/01/2O23 to 16/01/2024

Recap of the Previous Two Weeks

The distributions for Angle started on November 7, 2023, and as of 16 January 2024 414,276 ARB have been distributed in total as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 69,044 ARB

  • stEUR-USDC Camelot v3 pool: ≈ 172,616 ARB

  • stEUR-ARB Camelot v3 pool: ≈ 172,616 ARB

The remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

ARB Received Last Disbursement: 100,000 ARB

Contracts incentivised over the last 2 weeks:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa

  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e

  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

**ARB left over≈ ** 285,24 ARB

Plan for leftover ARB: We will continue the planned distributions outlined in the Angle STIP and the remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

Summary of incentives:

Over the last two weeks (from 02/01/2O23 to 16/01/2024), 57,141 ARB have been distributed as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 9,523 ARB

  • stEUR-USDC Camelot v3 pool: ≈ 23,809 ARB

  • stEUR-ARB Camelot v3 pool: ≈ 23,809 ARB

Overall summary of the distribution to take place until the end of the STIP program:

  • ≈35% (250,000 ARB) will be allocated to the stEUR/USDC Camelot v3 pool

  • ≈35% (250,000 ARB) will be allocated to the stEUR/ARB Camelot v3 pool

  • ≈14% (100,000 ARB) will be allocated to the stEUR/wstETH Camelot v3 pool

  • ≈14% (100,000 ARB) will be allocated to an ecosystem integration of stEUR in a money market (Silo)

Additional Info / Disclosures to Multisig: N/A

STATS (from 02/01/2O23 to 16/01/2024)

Average daily TVL:

  • stEUR-wstETH: $940k

  • stEUR-USDC: $2.9m

  • stEUR-ARB: $1.3m

Number of unique user addresses rewarded :

  • stEUR-wstETH: 16 users

  • stEUR-USDC: 91 users

  • stEUR-ARB: 43 users

Transaction fees:

Last Avg 7 days transaction fees:

  • stEUR-wstETH: 90$

  • stEUR-USDC: 100$

  • stEUR-ARB: 520$

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 100,000 ARB

Contracts that will be incentivized:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa

  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e

  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

Mechanism for distribution incentives:

The pools to be set up are concentrated liquidity pools on Camelot.

Incentivizing concentrated liquidity is initially difficult to implement. To do so, Angle will use Merkl, the tool developed by Angle Labs.

This tool is already in use since 2022 and trusted by several concentrated liquidity DEXes and projects to incentivize concentrated liquidity including Uniswap, Camelot, Sushiswap, Retro and others.

Fees do not apply when Merkl is used to incentivize agEUR and stEUR pools. This means the the use of Merkl will not incur any fees charged to the benefit of Angle Labs.

Summary of incentives plan:

  • stEUR Camelot pools incentives

Summary of changes to the original plan: No changes.

7

STIP bi-weekly update from 16/01/2024 to 30/01/2024

Recap of the Previous Two Weeks

The distributions for Angle started on November 7, 2023, and as of 30 January 2024 471,417 ARB have been distributed in total as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 78,567 ARB

  • stEUR-USDC Camelot v3 pool: ≈ 196,425 ARB

  • stEUR-ARB Camelot v3 pool: ≈ 196,425 ARB

The remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

ARB Received Last Disbursement: 100,000 ARB

Contracts incentivised over the last 2 weeks:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa

  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e

  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

**ARB left over≈ ** 228,583 ARB

Plan for leftover ARB: We will continue the planned distributions outlined in the Angle STIP and the remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

Summary of incentives:

Over the last two weeks (from 02/01/2O23 to 16/01/2024), 57,141 ARB have been distributed as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 9,523 ARB

  • stEUR-USDC Camelot v3 pool: ≈ 23,809 ARB

  • stEUR-ARB Camelot v3 pool: ≈ 23,809 ARB

Overall summary of the distribution to take place until the end of the STIP program:

  • ≈35% (250,000 ARB) will be allocated to the stEUR/USDC Camelot v3 pool

  • ≈35% (250,000 ARB) will be allocated to the stEUR/ARB Camelot v3 pool

  • ≈14% (100,000 ARB) will be allocated to the stEUR/wstETH Camelot v3 pool

  • ≈14% (100,000 ARB) will be allocated to an ecosystem integration of stEUR in a money market (Silo)

Additional Info / Disclosures to Multisig: N/A

STATS (from 16/01/2024 to 30/01/2024)

Average daily TVL:

  • stEUR-wstETH: $1.1;

  • stEUR-USDC: $3.4m

  • stEUR-ARB: $1.9m

Number of unique user addresses rewarded :

  • stEUR-wstETH: 19 users

  • stEUR-USDC: 82 users

  • stEUR-ARB: 54 users

Transaction fees:

Last Avg 7 days transaction fees:

  • stEUR-wstETH: 75$

  • stEUR-USDC: 108$

  • stEUR-ARB: 400$

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 100,000 ARB

Contracts that will be incentivized:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa

  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e

  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

Mechanism for distribution incentives:

The pools to be set up are concentrated liquidity pools on Camelot.

Incentivizing concentrated liquidity is initially difficult to implement. To do so, Angle will use Merkl, the tool developed by Angle Labs.

This tool is already in use since 2022 and trusted by several concentrated liquidity DEXes and projects to incentivize concentrated liquidity including Uniswap, Camelot, Sushiswap, Retro and others.

Fees do not apply when Merkl is used to incentivize agEUR and stEUR pools. This means the the use of Merkl will not incur any fees charged to the benefit of Angle Labs.

Summary of incentives plan:

  • stEUR Camelot pools incentives

Summary of changes to the original plan: No changes.

8

STIP bi-weekly update from 31/01/2024 to 13/02/2024

Recap of the Previous Two Weeks

The distributions for Angle started on 7 November 2023, and as of 13 February 2024, 513,417 ARB have been distributed in total as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 83,899 ARB

  • stEUR-USDC Camelot v3 pool: ≈ 209,759 ARB

  • stEUR-ARB Camelot v3 pool: ≈ 209,759 ARB

*Silo market stEUR market incentivization: 10,000

The remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

ARB Received Last Disbursement: 100,000 ARB

Contracts incentivised over the last 2 weeks:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa

  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e

  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

**ARB left over≈ ** 186,583 ARB

Plan for leftover ARB: We will continue the planned distributions outlined in the Angle STIP and the remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

Summary of incentives:

Over the last two weeks (from 31/01/2024 to 13/02/2024), 32,000 ARB have been distributed as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 5,332 ARB

  • stEUR-USDC Camelot v3 pool: ≈ 13,334 ARB

  • stEUR-ARB Camelot v3 pool: ≈ 13,334 ARB

Overall summary of the distribution to take place until the end of the STIP program:

  • ≈35% (250,000 ARB) will be allocated to the stEUR/USDC Camelot v3 pool

  • ≈35% (250,000 ARB) will be allocated to the stEUR/ARB Camelot v3 pool

  • ≈14% (100,000 ARB) will be allocated to the stEUR/wstETH Camelot v3 pool

  • ≈14% (100,000 ARB) will be allocated to an ecosystem integration of stEUR in a money market (Silo)

Additional Info / Disclosures to Multisig: N/A

STATS (from 31/01/2024 to 13/02/2024)

Average daily TVL:

  • stEUR-wstETH: $899k;

  • stEUR-USDC: $2.9m

  • stEUR-ARB: $1.6m

Number of unique user addresses rewarded :

  • stEUR-wstETH: 21 users

  • stEUR-USDC: 94 users

  • stEUR-ARB: 54 users

Transaction fees:

Last Avg 7 days transaction fees:

  • stEUR-wstETH: 75$

  • stEUR-USDC: 148$

  • stEUR-ARB: 308$

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 100,000 ARB

Contracts that will be incentivized:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa

  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e

  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

Mechanism for distribution incentives:

The pools to be set up are concentrated liquidity pools on Camelot.

Incentivizing concentrated liquidity is initially difficult to implement. To do so, Angle will use Merkl, the tool developed by Angle Labs.

This tool is already in use since 2022 and trusted by several concentrated liquidity DEXes and projects to incentivize concentrated liquidity including Uniswap, Camelot, Sushiswap, Retro and others.

Fees do not apply when Merkl is used to incentivize agEUR and stEUR pools. This means the use of Merkl will not incur any fees charged to the benefit of Angle Labs.

Summary of incentives plan:

  • stEUR Camelot pools incentives

Summary of changes to the original plan: No changes.

9

STIP bi-weekly update from 14/02/2024 to 27/02/2024

Recap of the Previous Two Weeks

The distributions for Angle started on 7 November 2023, and as of 27 February 2024, 555,417 ARB have been distributed in total as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 89,231 ARB

  • stEUR-USDC Camelot v3 pool: ≈ 223,093 ARB

  • stEUR-ARB Camelot v3 pool: ≈ 223,093 ARB

*Silo market stEUR market incentivization: 30,000

The remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

ARB Received Last Disbursement: 100,000 ARB

Contracts incentivised over the last 2 weeks:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa

  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e

  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

**ARB left over≈ ** 124,583 ARB

Plan for leftover ARB: We will continue the planned distributions outlined in the Angle STIP and the remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

Summary of incentives:

Over the last two weeks (from 14/02/2024 to 27/02/2024), 52,000 ARB have been distributed as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 5,332 ARB

  • stEUR-USDC Camelot v3 pool: ≈ 13,334 ARB

  • stEUR-ARB Camelot v3 pool: ≈ 13,334 ARB

*Silo market stEUR market incentivization: 20,000

Overall summary of the distribution to take place until the end of the STIP program:

  • ≈35% (250,000 ARB) will be allocated to the stEUR/USDC Camelot v3 pool

  • ≈35% (250,000 ARB) will be allocated to the stEUR/ARB Camelot v3 pool

  • ≈14% (100,000 ARB) will be allocated to the stEUR/wstETH Camelot v3 pool

  • ≈14% (100,000 ARB) will be allocated to an ecosystem integration of stEUR in a money market (Silo)

Additional Info / Disclosures to Multisig: N/A

STATS (from 14/02/2024 to 27/02/2024)

Average daily TVL:

  • stEUR-wstETH: $492k;

  • stEUR-USDC: $2.18m

  • stEUR-ARB: $1.26m

Number of unique user addresses rewarded :

  • stEUR-wstETH: 15 users

  • stEUR-USDC: 91 users

  • stEUR-ARB: 46 users

Transaction fees:

Last Avg 7 days transaction fees:

  • stEUR-wstETH: 147$

  • stEUR-USDC: 109$

  • stEUR-ARB: 298$

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 100,000 ARB

Contracts that will be incentivized:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa

  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e

  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

Mechanism for distribution incentives:

The pools to be set up are concentrated liquidity pools on Camelot.

Incentivizing concentrated liquidity is initially difficult to implement. To do so, Angle will use Merkl, the tool developed by Angle Labs.

This tool is already in use since 2022 and trusted by several concentrated liquidity DEXes and projects to incentivize concentrated liquidity including Uniswap, Camelot, Sushiswap, Retro and others.

Fees do not apply when Merkl is used to incentivize agEUR and stEUR pools. This means the use of Merkl will not incur any fees charged to the benefit of Angle Labs.

Summary of incentives plan:

  • stEUR Camelot pools incentives

Summary of changes to the original plan: No changes.

10

STIP bi-weekly update from 28/02/2024 to 12/03/2024

Recap of the Previous Two Weeks

The distributions for Angle started on 7 November 2023, and as of 12 March 2024,596,455 ARB have been distributed in total as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 94,403 ARB

  • stEUR-USDC Camelot v3 pool: ≈ 236,026 ARB

  • stEUR-ARB Camelot v3 pool: ≈ 236,026 ARB

*Silo market stEUR market incentivization: 60,000

The remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

ARB Received Last Disbursement: 100,000 ARB

Contracts incentivised over the last 2 weeks:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa

  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e

  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

**ARB left over≈ ** 73,545 ARB

Plan for leftover ARB: We will continue the planned distributions outlined in the Angle STIP and the remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

Summary of incentives:

Over the last two weeks (from 28/02/2024 to 13/03/2024), 61,038 ARB have been distributed as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 5,172 ARB

  • stEUR-USDC Camelot v3 pool: ≈ 12,933 ARB

  • stEUR-ARB Camelot v3 pool: ≈ 12,933 ARB

*Silo market stEUR market incentivization: 30,000

Overall summary of the distribution to take place until the end of the STIP program:

  • ≈35% (250,000 ARB) will be allocated to the stEUR/USDC Camelot v3 pool

  • ≈35% (250,000 ARB) will be allocated to the stEUR/ARB Camelot v3 pool

  • ≈14% (100,000 ARB) will be allocated to the stEUR/wstETH Camelot v3 pool

  • ≈14% (100,000 ARB) will be allocated to an ecosystem integration of stEUR in a money market (Silo)

Additional Info / Disclosures to Multisig: N/A

STATS (from 28/02/2024 to 13/03/2024)

Average daily TVL:

  • stEUR-wstETH: $452k;

  • stEUR-USDC: $2.03m

  • stEUR-ARB: $1.23m

Number of unique user addresses rewarded :

  • stEUR-wstETH: 11 users

  • stEUR-USDC: 80 users

  • stEUR-ARB: 31 users

Transaction fees:

Last Avg 7 days transaction fees:

  • stEUR-wstETH: 66$

  • stEUR-USDC: 178$

  • stEUR-ARB: 300$

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 100,000 ARB

Contracts that will be incentivized:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa

  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e

  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

Mechanism for distribution incentives:

The pools to be set up are concentrated liquidity pools on Camelot.

Incentivizing concentrated liquidity is initially difficult to implement. To do so, Angle will use Merkl, the tool developed by Angle Labs.

This tool is already in use since 2022 and trusted by several concentrated liquidity DEXes and projects to incentivize concentrated liquidity including Uniswap, Camelot, Sushiswap, Retro and others.

Fees do not apply when Merkl is used to incentivize agEUR and stEUR pools. This means the use of Merkl will not incur any fees charged to the benefit of Angle Labs.

Summary of incentives plan:

  • stEUR Camelot pools incentives

Summary of changes to the original plan: No changes.

11

FINAL STIP & bi-weekly update from 13/03/2024 to 31/03/2024

The TVL of Angle protocol went from approx. 300k on Arbitrum to $6.5m now stabilizing at $2.3m. A lending market for the Euro yield-bearing stablecoin stEUR has been created on Silo and is currently running.

Recap of the Previous Two Weeks

The distributions for Angle started on 7 November 2023, and as of 31 March 2024, 637,493 ARB have been distributed in total as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 99,575 ARB

  • stEUR-USDC Camelot v3 pool: ≈ 248,959 ARB

  • stEUR-ARB Camelot v3 pool: ≈ 251,466 ARB

*Silo market stEUR market incentivization: 100,000

The remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

ARB Received Last Disbursement: 100,000 ARB

Contracts incentivised over the last 2 weeks:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa

  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e

  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

**ARB left over≈ **0

Plan for leftover ARB: We will continue the planned distributions outlined in the Angle STIP and the remaining ARB of the 2nd disbursement will continue to be distributed according to the plan.

Summary of incentives:

Over the last two weeks (from 13/03/2024 to 31/03/2024), 86,478 ARB have been distributed as follows:

  • stEUR-wstETH Camelot v3 pool: ≈ 5,172 ARB

  • stEUR-USDC Camelot v3 pool: ≈ 12,933 ARB

  • stEUR-ARB Camelot v3 pool: ≈ 15,440 ARB

*Silo market stEUR market incentivization: 40,000

Overall summary of the distribution to take place until the end of the STIP program:

  • ≈35% (250,000 ARB) will be allocated to the stEUR/USDC Camelot v3 pool

  • ≈35% (250,000 ARB) will be allocated to the stEUR/ARB Camelot v3 pool

  • ≈14% (100,000 ARB) will be allocated to the stEUR/wstETH Camelot v3 pool

  • ≈14% (100,000 ARB) will be allocated to an ecosystem integration of stEUR in a money market (Silo)

Additional Info / Disclosures to Multisig: N/A

STATS (from 13/03/2024 to 31/03/2024)

Average daily TVL:

  • stEUR-wstETH: $353k;

  • stEUR-USDC: $1.2m

  • stEUR-ARB: $835k

Number of unique user addresses rewarded :

  • stEUR-wstETH: 8 users

  • stEUR-USDC: 77 users

  • stEUR-ARB: 22 users

Transaction fees:

Last Avg 7 days transaction fees:

  • stEUR-wstETH: 33$

  • stEUR-USDC: 97$

  • stEUR-ARB: 212$

Link to Dashboard showing metrics:

Plan For the Next Two Weeks

Amount of ARB to be distributed: 100,000 ARB

Contracts that will be incentivized:

  • stEUR-wstETH: 0x6C41A770583Fc7141FBeA9ac741f9015A4De6FDa

  • stEUR-USDC: 0xcc4e4c18bad7e1cc63bb98915eeb3f412939955e

  • stEUR-ARB: 0xcae4a98685fd488e8d2fc3780baabc7d472f9d01

Contract address label Form completed for all addresses: Yes

Mechanism for distribution incentives:

The pools to be set up are concentrated liquidity pools on Camelot.

Incentivizing concentrated liquidity is initially difficult to implement. To do so, Angle will use Merkl, the tool developed by Angle Labs.

This tool is already in use since 2022 and trusted by several concentrated liquidity DEXes and projects to incentivize concentrated liquidity including Uniswap, Camelot, Sushiswap, Retro and others.

Fees do not apply when Merkl is used to incentivize agEUR and stEUR pools. This means the use of Merkl will not incur any fees charged to the benefit of Angle Labs.

Summary of incentives plan:

  • stEUR Camelot pools incentives

Summary of changes to the original plan: No changes.