Idle Weekly Beats | 06.14.21
Idle released Weekly Beats, newsletter for regular dose of updates, new features & announcements from the team.
š¹Core 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.
š¹Governance 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.
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