- Asset Under Management ($): 96M (-19%)
- Governance Token Holders: 3,095 (+3%)
- 14 topics created
- 3 Temperature Check
- 17 new members
- 11,400 pageviews
- 530 likes
The Early LP program has ended, unclaimed funds are now part of the Ecosystem Fund.
Weeks in review
Two weeks after the Pilot League deployment, Project Managers have been already involved in several discussions.
Furthermore, the committee released the Grants Program Framework to let the Governance speed up reward allocation for Development and Community grants.
ETH implementation and Aave V2 wrapper moved forward, and are now live with idleWETH. ReviewsDAO members successfully completed the security check, allowing the idleWETH strategy to approach the production release. Applications, feedback, and payments are posted here.
The Governance kicked off the B2B Affiliate Program Kickoff to reduce onboarding barriers for integrators and incentivize partners with shared rewards. The proposal passed the snapshot poll, with 100% of votes in favor of this initiative.
The hottest topic of the week was staking implementation: after days of brainstorming and benchmarking, the snapshot poll collected the Governance sentiment. Two staking solutions will be analyzed by the committee, with liquidity provision rewards followed by $IDLE staking development.
Other discussed ideas are:
- Setup formal Bug Bounty program by @William
- [Idea for Pilot League] Gitcoin Prices Sponsorship by @Teo
- Bounty to Emiliano – a chance to setup a Developer Mining program? by @Teo
- Add “uniswap” and “sushiswap” voting strategies to Idle’s Snapshot by @idal
Here’re the next steps for the most promising initiatives:
The grant for a stats dashboard will collect applications for some more days. Once the submission window will be closed, the Pilot League will select the applicant entitled to develop the assigned task. Apply now!
The Pilot League is already analyzing the Gitcoin Prices Sponsorship and will act fast to set the grant size and release the Gitcoin challenges.
PMs are now working on the next step for staking applications. The focus of the upcoming discussion will be LP rewards modeling. The goal is to achieve consensus over AMMs that should be targeted, and size/duration of the program. A Temperature Check might be spun off to check community sentiment.
Now that we have idleWETH live, governance can start a discussion regarding $IDLE rewards for idleWETH pool, and Aave V2 extension to other idleToken pools. Once the guarded launch period has been completed, the community can proceed with an on-chain proposal.
The Pilot League is setting the ground to connect with prospective partners. Over the next 2 weeks, the committee will present the first insights related to the B2B Affiliate Program Kickoff and start the onboarding procedures.
Community members are invited to express their opinion about the Idle Bug Bounty program. A snapshot poll will confirm/refuse this approach for security rewards.
Thanks to the Grants Program Framework, anyone can now propose new ideas and get funded by the Governance. You can take a task from the community roadmap or present a new implementation. Idle builders and creators are welcome!