Idle Weekly Beats, 05.17.21

Published on: 18.05.2021
Idle Weekly Beats, 05.17.21

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

🔹Core Beats

  • New ATH in total value locked! The Idle protocol now manages more than $245M.
  • Astonishing week for Idle APYs! IIP-7 introduced stkAAVE farming, improving overall returns.
  • Enzyme Finance officially joins the B2B Affiliate program. Idle pools would allow this on-chain Asset Management protocol to build new composability solutions.
  • The Treasury League co-sponsored B.protocol grant, which is part of the Gitcoin OpenDeFi hackathon. Up to $4k prize for building a protocol wrapper that would allow Idle protocol to deploy in B.protocol.
  • If you are a builder or developer, you should take a look at the extensive documentation on Idle Flash Loans. The power of DeFi liquidity at your (keyboard) command.

🔹Governance Beats

  •  IIP-7 pt2. The last part of IIP-7 started the on-chain journey, reached the quorum, and got queued. The proposal would activate stkAAVE distribution in $WETH, upgrade all Best-Yield strategies with a gas-saving improvement, and transfer the budget to Leagues.
  • CREAM integration. The community is still investigating the benefits and drawbacks of integrating Cream protocol. Share your opinion!
  •  Integration Standard Requirements. The forum hosts a discussion about Integration Standard Requirements, a framework to evaluate new market opportunities.
  •  ICHI protocol support for $IDLE. Ichi team shared a collaboration proposalwith many ideas, including an $IDLE-based stablecoin. Join the conversation and report your vision on this deal.

What is Idle?

Idle is #DeFi Yields Aggregator and Rebalancing Protocol.

📰 INFO:

https://idlefinance.substack.com/p/idle-weekly-beats-051721

Market Stats:
BTC Dominance: 57.42%(0.00%/24h)
ETH Dominance: 13.4%(-0.03%/24h)
Defi Market Cap: $159.1B(-2.37%/24h)
Total Market Cap: $3896.8B(-0.57%/24h)
Total Trading Volume 24h: $148.91B(-1.21%/24h)
ETH Market Cap: $522.14B
Defi to ETH Ratio: 30.47%
Defi Dominance: 3.99%
Altcoin Market Cap: $1659.2B
Altcoin Volume 24h: $98.83B
Total Cryptocurrencies: 35997
Active Cryptocurrencies: 9510
Active Market Pairs: 109636
Active Exchanges: 848
Total Exchanges: 10964
BTC: 112319.75$(0.14%/1H)
ETH: 4326.86$(0.25%/1H)
AVAX: 26.57$(-0.51%/1H)
BNB: 882.15$(-0.07%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.88$(-0.12%/1H)
DOT: 4.1$(0.33%/1H)
UNI: 9.62$(-0.01%/1H)
CAKE: 2.5$(1.39%/1H)
SUSHI: 0.8$(0.28%/1H)
ONE: 0.01$(0.73%/1H)