Idle Weekly Beats, 05.24.21
Idle released Weekly Beats, newsletter for regular dose of updates, new features & announcements from the team.
🔹Core Beats
- During last week’s market turmoil, Idle provided consistent APYs with a peak of 56% on USDT Best-Yield.
- Last week also marks a new ATH for Idle’s TVL ($255m), finding an equilibrium near $200m.
- Almost $100k accrued within a week and routed to Idle ecosystem components.
🔹Governance Beats
- IIP-7 full execution. The Governance executed the second part of IIP-7, finalizing the proposed deployment. Leagues are now empowered to pursue key maintenance and growth activities through the delegated budget.
- C.R.E.A.M. integration. The community approved the implementation of Cream protocol into the $USDT Best-yield strategy, proposing a new yield source to further optimize the returns.
- Integration Standard Requirements. The snapshot to define a Due Diligence process for new integrations passed with 100% votes in favor.
- $IDLE staking. The Leagues jointly released this forum post to explore $IDLE staking and work on the core concepts behind different models. The proposed approach consists of implementing the Curve staking model, forwarding part of the protocol fees to stakers.
What is Idle?
Idle is #DeFi Yields Aggregator and Rebalancing Protocol.
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