stkIDLE Gauges Full Throttle by Idle Finance
Idle DAO and Leagues release the first-of-a-kind stkIDLE Gauges flywheel: a unique synergy between Perpetual Yield Tranches and meta-governance, that allows any DeFi protocol to attract liquidity with risk-adjusted vaults and IDLE rewards.
Idle DAO unlocks the full IDLE distribution rate and starts issuing 990 IDLE/day initially across 7 Senior PYTs. With the introduction of stkIDLE Gauges, protocols can leverage Voter Extractable Value (VEV) to add new Gauges or increase the rewards for their own PYTs.
With the PYTs factory pattern, any DeFi protocol can integrate their assets into PYTs and participate in the stkIDLE Gauges to increase their rewards.
This synergy between products and tokenomics triggers a race to stkIDLE, which replicates the dynamics of the so-called “veToken wars”.
The shipping rate in DeFi has been overperforming the innovation wave of the TradFi and Fintech world thanks to its composability, openness and permissionless essence. This huge competitive advance lead to a Cambrian explosion of new products, with more than 1000+ active DeFi protocols according to DeFi Llama.
About Idle
Idle is a decentralized protocol and set of products that aim to unlock the power of decentralized finance as a one-stop source of yield.
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