πŸ“… IdleGov Biweekly Update – 04/05/21 [BW9]

Key Metrics

  • Asset Under Management ($): 146M (+30%)
  • Governance Token Holders: 3,242 (+0%)

Forum Highlights

  • :incoming_envelope: 7 topics created
  • :bulb: 3 Temperature Check
  • :busts_in_silhouette: 11 new members
  • :desktop_computer: 9,800 pageviews
  • :+1: 325 likes

Weeks in review

Latest Temperature Checks have decreed to allocate incentives only to Sushiswap pool and approve 1000 $IDLE/day (180,000 $IDLE program budget) as daily emittance with a time-weighted mechanism. Therefore, the Pilot League gathered all details and GYSR model insights to now nail down the last technical details for this implementation.

The Governance successfully executed IIP-5. Aave v2 is now active on all Best-Yield polls and the Dynamic Allocation Mechanism already benefitted from implementing sUSD and TUSD funds to increase the APYs.

This last IIP also enables $IDLE liquidity mining for idleWETH pool and includes dev bounty payout for @emilianobonassi.

The latest addition for Idle Governance is the brand new B2B Affiliate Program.

This is a great opportunity for the Leagues to cooperate and grow with other teams, DAOs and corporations. For our partners, this is an opportunity to be an integrated part of Idle ecosystem and share protocol fees for deposits that originate from deposits.

The integration partners’ page provides program outlines and tier structure, and all the steps to integrate and collaborate with Idle team and DAO.

Other discussed ideas are:

Next Steps

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

  • LP staking: the final poll will be launched soon by @Salome. The community exhaustively discussed the pros and cons of the Gysr model. We expect the Governance to vote on the three possible next steps (deploy GYSR v1, wait for GYSR v2, develop a new model).

  • With IIP-5 execution, many expenses arise from proposal deployment. The Pilot League is now taking care of taking account of them and issuing reimbursements.

  • The Educational Grant collected astonishing user feedback and suggestions. @Emixprime is now working on the next steps of this initiative to launch the final grant draft.

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