Idle Weekly Beats | 06.08.21

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

🔹Core Beats

• Buckle up for Idle + Polygon: bringing yield optimization into scalability new horizons. Check out the latest alpha leak!
• Idle Grants Program represents an evolution of the Open Grant Framework, introducing a more structured approach. Along with the Leagues, buidlers can work on new ideas in an effective manner. Browse open tasks and apply to dev&edu grants.
• A paper from University College London illustrates Idle protocol and its feature as a yield aggregator.
• In the most recent fee routing, FeeCollector split ~ $30k of protocol’s proceeds from 3 transactions.

🔹Governance Beats

• Communication & Marketing League. The community launches the Communications & Marketing Pilot League to foster community engagement and add a puzzle piece to the League ecosystem. This poll is open for votes on approving or refusing the proposal.
• $IDLE staking program poll. Idle Leagues launched a snapshot poll to set FeeCollector weights and define which percentage of protocol’s profits should be forwarded to $IDLE stakers. After the 3-day voting phase, Governance voted to allocate 50% of the future protocol’s revenues to the upcoming $IDLE staking program.
• Yield Token Cover. Nexus Mutual introduced Yield Token Cover, a full-spectrum risk coverage for yield-bearing tokens. The Temperature Checkapproved the allocation of $100k for idleDAI and idleUSDC shield mining campaigns.

What is Idle?

Idle is #DeFi Yields Aggregator and Rebalancing Protocol.

📰 INFO:

https://idlefinance.substack.com/p/idle-weekly-beats-060821