Idle Weekly Beats | 06.14.21

Published on: 15.06.2021
Idle Weekly Beats | 06.14.21

Idle released Weekly Beats, newsletter for regular dose of updates, new features & announcements from the team.

🔹Core Beats

  • Idle & PoolTogether, was a great blend! The Idle League closed the development grant, and the PT team added this integration into the code under security audit. The next step is production release.
  • Idle Leagues officialized the request to list IDLE as a collateral asset on Cream. With the approval of this proposal, you could deposit $IDLE and borrow stablecoins, unlocking additional liquidity. Support it with a reply in the forum!
  • In the most recent weekly fee routing, FeeCollector split ~ $14k of proceeds from fees earned by the Protocol across different components of the Idle ecoystems.

🔹Governance Beats

  • $IDLE Staking Rewards. With a Temperature Check, token holders selected the reward asset used to distribute protocol fees to stakers. Out of 5 options (IDLE, stkIDLE, wETH, idleDAI, LP token), voters chose $IDLE governance token. Scattershot, a fork of Snapshot, hosted the poll, providing better flexibility thanks to the voting split.
  • C&M League. The community approved the Communications & Marketing Pilot League, which starts its mandate. The next steps are members onboarding and operations setup.
  • Shield Mining Campaign. The Governance approved the launch of a $100k shield mining campaign on Nexus Mutual. The IIP is open for feedback and will land on-chain to fund the idleDAI and idleUSDC liquidity program.

What is Idle?

Idle is #DeFi Yields Aggregator and Rebalancing Protocol.

📰 INFO:

https://idlefinance.substack.com/p/idle-weekly-beats-061421

Market Stats:
BTC Dominance: 58.32%(-0.12%/24h)
ETH Dominance: 13.02%(+0.06%/24h)
Defi Market Cap: $159.7B(-10.85%/24h)
Total Market Cap: $4205.17B(+1.19%/24h)
Total Trading Volume 24h: $177.2B(+9.49%/24h)
ETH Market Cap: $547.61B
Defi to ETH Ratio: 29.16%
Defi Dominance: 3.71%
Altcoin Market Cap: $1752.76B
Altcoin Volume 24h: $108.79B
Total Cryptocurrencies: 36197
Active Cryptocurrencies: 9501
Active Market Pairs: 112369
Active Exchanges: 853
Total Exchanges: 11212
BTC: 123077.05$(0.22%/1H)
ETH: 4537.25$(0.09%/1H)
AVAX: 30.23$(-0.06%/1H)
BNB: 1161.7$(0.09%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.85$(-0.2%/1H)
DOT: 4.24$(0.12%/1H)
UNI: 8.18$(-0.2%/1H)
CAKE: 3.28$(-0.07%/1H)
SUSHI: 0.71$(-0%/1H)
ONE: 0.01$(-0.12%/1H)