Idle Weekly Beats, 05.31.21
Idle released Weekly Beats, newsletter for regular dose of updates, new features & announcements from the team.
🔹Core Beats
- Reflexer Lab launched a liquidity mining program to incentivized the idleRAI pool, currently hosted on the beta website. The strategy collected $1.4m in few days! Remember to use it with caution, as it’s still in the testing phase.
- ElasticDAO co-founder hosted an AMA with Matteo Pandolfi, CEO at Idle Labs and Supervisor of Idle Treasury League. The AMA covered Governance mechanisms and how communities are self-coordinating to reward contributors, while preserving the decentralized management structure.
🔹Governance Beats
- Integration Standard Requirements. To evaluate new yield opportunities, the Governance approved the Integrations Standard Requirements. Together with the grant program and the roadmap, builders can propose effective integrations that match the needs of the Idle community.
- $IDLE Staking. Treasury League unveiled the $IDLE Staking Calculator, a tool to simulate different staking scenarios. The League is working on the FeeCollector weights, followed by a snapshot poll to signal community sentiment on the fee distribution rates.
- New possible Leagues. The community released a post to discuss the launch of a Communications & Marketing Pilot League. The proposal starts a brainstorming session on the feasibility of the initiative and key parameters, like budget, mandate duration, committee composition.
- oneIDLE. After a meeting with the ICHI team, the Treasury League followed up with the oneIDLE proposal by posting an overview of the current requirements.
What is Idle?
Idle is #DeFi Yields Aggregator and Rebalancing Protocol.
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