Idle is officially live on Polygon!
Idle is a protocol DAO that builds yield infrastructure for the next generation of financial players. Businesses of every size — from hackathon projects to top protocols — use their protocol to generate yields and manage their on-chain treasuries.
This new integration allows users to access Polygon yield aggregation and automatic optimization features.
For builders in Polygon, Idle will be the easiest and most flexible way to let customers earn yields within the product they’re building. One integration, to rule them all!
On top of optimized yields, protocol integrators will receive $MATIC rewards accrued from underlying yield sources. Integrators can also access a +20% performance increase to boost composable solutions and make Idle the standard yield solution for new projects launching on Polygon.
Idle infrastructure is designed to support additional underlying lending primitives and future liquidity mining campaigns hosted by downstream protocols.
Strategy deployment comes after Idle Governance approved an LP staking campaign. Using the time-weighted Ampleforth Geyser model, LPs receive 20,000 $IDLE to deploy liquidity in the Sushi pool for the next 3 months. Polygon community is now able to access the $IDLE governance token directly on that layer, without the burden of migrating to Ethereum.
About Polygon
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 3000+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
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About Idle
Idle is the longest-running and most-resilient DeFi yield aggregator, clustering several noteworthy yield-generating platforms. Capital within an Idle allocation strategy for a given asset can be allocated in chunks across several protocols simultaneously to either maximize the average returns or minimize risk exposure for depositors.
The tenets of the protocol are 4-fold:
- Competitive optimization technology (Dynamic Allocation Mechanism),
- High-security standards (6 audits, $500k bug bounty program, safety criteria for new implementations),
- Long track record (battle-tested since mid-2019).
- Yield infrastructure for B2Bs (focus on integrations with other DeFi protocols/CeDeFi companies to develop the most secure infrastructure to connect with DeFi yields)
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SOURCE: https://idlefinance.medium.com/idle-is-officially-live-on-polygon-4fafe1d1f0a6
