πŸ“… IdleGov Biweekly Update – 02/08/21 [BW5]

The Smart Treasury is on its implementation way, and the latest updates cover the final step for full deployment. The Pilot League got particular attention, with the ongoing voting session.

Key Metrics

  • Asset Under Management ($): 108M
  • Governance Token Holders: 2,427

Forum Highlights

  • :incoming_envelope: 15 topics created
  • :bulb: 2 Temperature Check
  • :busts_in_silhouette: 14 new members
  • :computer: 13,500 pageviews
  • :+1: 513 likes

If you joined Idle protocol before November, remember that you have about 17 days to redeem the tokens allocated by the Early LP Fund β†’ [Guide] How Early LPs Can Redeem IDLE

Weeks in review

We concluded the previous update with the opening of League’s applications and the upcoming on-chain proposal for IIP-2. In the last 2 weeks, the Governance moved forward with both initiatives, which are now close to their deployment phase.

The Smart Treasury IIP-2 is almost fully implemented: the community executed the first phase and part #2 is in the final stage (timelock queueing). Both phases successfully reached the quorum, with more than 600k votes each.

Applications for the Pilot League are now closed. Eight people applied, 2 for the PM role and 6 as Supervisors. Idle Governance then moved to the community election phase via snapshot polls. The election is still accepting votes.

  • Project Manager Election (Snapshot Poll): HERE

  • Supervisor Election (Snapshot Poll): HERE

Both snapshots will last for 5 days, until 2021-02-10T18:00:00Z

The forum now hosts the new Delegation section, to collect delegates’ applications. You might be interested to delegate your voting rights for different reasons: let builders launch on-chain proposals & vote to execute them, save gas fees, give voting power to contributors involved in protocol development.

Other discussed ideas are:

Next Steps

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