Hello @Mariam, thank you for choosing Arbitrum to implement this project.
These are my reasons for supporting the Angle Protocol proposal:
- Great team, pragmatic with good vision about the fusion between DeFi and RWA assets;
- Angle Protocol is a completely transparent protocol (something unique in DeFi), providing a platform (https://facts.angle.money/) for consulting transactions, treasury, liquidity composition, etc.;
- Launched the most liquid euro stablecoin on the market: agEUR;
- agEUR is the only yield bearing euro stablecoin;
- The project states “native minting” of stEUR, therefore it means that this project implies native involvement in Arbitrum DeFi;
- Arbitrum’s investment in this project and others like it contributes to the consolidation of Arbitrum as the Ethereum L2 DeFi hub, and the competition to be this DeFi hub is becoming very strong and aggressive. The first movers, with quality investments, are those who will be able to gain market share;
- This project presented by Angle Protocol is a great opportunity for small crypto investors (European or non-European) to access a fantastic DeFi product (euro yield stablecoin), contributing to the expansion of the Arbitrum platform’s user base, as well as to the increased liquidity on this platform;
- I can say that, as a small investor in DeFi (and a European one), I am looking forward to this product being made available on a Layer 2 so that it is viable for me to make an investment. And I sincerely hope that this layer 2 is Arbitrum, the Ethereum L2 DeFi hub;
- To conclude, investing in this project means much more than supporting a product (stEUR), it means bringing greater liquidity and the integration of RWA assets into DeFi across Arbitrum DeFi.
PS:
- Through the amended proposal, the amount of support requested has already been adjusted and a change in the implementation of the liquidity pools to a native protocol (Camelot) has been proposed;
- As a holder of $ARB tokens, this amended proposal has my full support.