Idle Weekly Beats | 06.22.21
Idle released Weekly Beats, newsletter for regular dose of updates, new features & announcements from the team.
🔹Core Beats
- Idle is sponsoring ETHGlobal event #Hackmoney 2021, one of the biggest hackathons in the Defi space! Leagues allocated $4,000 to the best projects that add new protocol functionality or compose the Idle strategies with other DeFi products.
- PoolTogether launched an auditing contest, incentivizing security researchers to find vulnerabilities in the next batch of integrations. The initiative includes the upcoming Idle implementation and there are 2+ days left to participate.
- In the most recent weekly fee routing, FeeCollector split ~ $8k of proceeds from one transaction.
🔹Governance Beats
- $IDLE Staking. With IIP-10, the Governance officially launches the on-chain staking deployment. The proposal introduces the final model and parameters after our token holders voted to choose $IDLE as the reward token for stakers.
- Yield Token Cover. IIP-9 started its on-chain journey, reaching the quorum and getting queued by the Governance. The execution of this proposal would enable Leagues to kick off the shield mining campaign on Nexus Mutual with the innovative Yield Token Cover, extending the protection to the full stack of DeFi risks.
- Treasury Diversification. A Temperature Check on Treasury diversification measured the community sentiment on moving to the fundraising phase. Voters approved the intention to connect with strategic partners and structure the deal’s parameters.
What is Idle?
Idle is DeFi Yields Aggregator and Rebalancing Protocol.
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