πŸ“… IdleGov Biweekly Update – 01/04/22 [BW28]

Key Metrics

  • Asset Under Management ($): 99M (-5.7%)
  • Governance Token Holders: 3,739 (+0.05%)

Forum Highlights

  • :incoming_envelope: 2 topic created
  • :bulb: 1 Temperature Check
  • :busts_in_silhouette: 53 new members
  • πŸ§‘β€πŸ’» 7,200 pageviews
  • :+1: 22 likes

Weeks in review

Success is not final, failure is not fatal: it is the courage to continue that counts. Winston Churchill

A new proposal has been put into motion to increase the efficiency of Idle DAO’s treasury. The plan is to move funds from Balancer’s pool into Bancor’s and Uni V3 pools. This change carries benefits from single-sided liquidity deployment, impermanent loss protection, reduced slippage, and strengthened robustness of Uni v3 oracle.

The initiative to upgrade the governance framework from Governor Alpha to Governor Bravo has passed the temperature check and will be included in the next IIP. You can read up on all the benefits it will bring here.

Next Steps

Here’re the next steps for the most promising initiatives:

  • IIP-18. The next Idle Improvements Proposal is on the way, and it will feature Governor Bravo update, latest IGP grants, Enzyme Bug Bounty Coop, and the budget for Leagues M1-2022. Prepare your $IDLE votes.
  • Idle Gauges. Leagues have been preparing and wrapping up a new proposal to improve $IDLE tokenomics to add new features for stkIDLE holders. Stay tuned, it’s going to get interesting!
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