Idle Weekly Beats, 05.17.21
Idle released Weekly Beats, newsletter for regular dose of updates, new features & announcements from the team.
🔹Core Beats
- New ATH in total value locked! The Idle protocol now manages more than $245M.
- Astonishing week for Idle APYs! IIP-7 introduced stkAAVE farming, improving overall returns.
- Enzyme Finance officially joins the B2B Affiliate program. Idle pools would allow this on-chain Asset Management protocol to build new composability solutions.
- The Treasury League co-sponsored B.protocol grant, which is part of the Gitcoin OpenDeFi hackathon. Up to $4k prize for building a protocol wrapper that would allow Idle protocol to deploy in B.protocol.
- If you are a builder or developer, you should take a look at the extensive documentation on Idle Flash Loans. The power of DeFi liquidity at your (keyboard) command.
🔹Governance Beats
- IIP-7 pt2. The last part of IIP-7 started the on-chain journey, reached the quorum, and got queued. The proposal would activate stkAAVE distribution in $WETH, upgrade all Best-Yield strategies with a gas-saving improvement, and transfer the budget to Leagues.
- CREAM integration. The community is still investigating the benefits and drawbacks of integrating Cream protocol. Share your opinion!
- Integration Standard Requirements. The forum hosts a discussion about Integration Standard Requirements, a framework to evaluate new market opportunities.
- ICHI protocol support for $IDLE. Ichi team shared a collaboration proposalwith many ideas, including an $IDLE-based stablecoin. Join the conversation and report your vision on this deal.
What is Idle?
Idle is #DeFi Yields Aggregator and Rebalancing Protocol.
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