Idle Weekly Beats | 07.05.21
Idle released Weekly Beats, newsletter for regular dose of updates, new features & announcements from the team.
🔹Core Beats
- After $IDLE staking launch, token holders already deposited about 300k tokensin the first 24 hours. First fee-sharing is planned for this week, and you are still in time to catch it!
- Brand new Loopring liquidity pool just got bootstrapped via an incentivazion program. $IDLE is now available on Ethereum L2 scaling protocol, with cheap and fast transactions
- Idle expands the $RAI yield sources, implementing Aave V2 and getting access to higher APYs. IdleRAI now optimizes returns across 3 different lending protocols.
- New video for ETHGlobal #Hackmoney2021 to introduce Idle features and foster builders in experimenting with the protocol. Many leaks and ideas mentioned there
- Miko from The Mikobits Show interviewed Matteo, while 88mph team chatted with the CEO at Idle Labs about yield generation in the DeFi space and brainstormed on possible synergies between the two DAOs. Interesting insights on Governance evolutions came from this discussion!
🔹Governance Beats
- $IDLE as collateral. Leagues proposed to list $IDLE as collateral on Fuse protocol. Rari Capital community approved the initiative, allowing Idle to move forward with the listing process. With its implementation, $IDLE token holders would be able to borrow, lend or use it as collateral.
- $IDLE in Bancor. Idle Leagues published the proposal to whitelist $IDLE in Bancor, the oldest AMM. With its approval, Bancor would enable token holders to become LPs with impermanent loss protection. If you are a BNT holder, the poll is live and accepts votes!
What is Idle?
Idle is DeFi Yields Aggregator and Rebalancing Protocol.
📰 INFO:
