πŸ“… IdleGov Biweekly Update – 04/19/21 [BW10]

Key Metrics

  • Asset Under Management ($): 165M (+13%)
  • Governance Token Holders: 3,222 (-1%)

Forum Highlights

  • :incoming_envelope: 10 topics created
  • :bulb: 3 Temperature Check
  • :busts_in_silhouette: 11 new members
  • :desktop_computer: 10,800 pageviews
  • :+1: 416 likes

Weeks in review

In the final snapshot polls, the Governance voted to use the Ampleforth staking model and allocate $SUSHI rewards to the Idle treasury for protocol growth. The LP staking deployment proposal started the on-chain journey, and after the 3-day voting phase, IIP-6 reached the quorum and officially succeeded. The Governance queued the proposal, and it has been executed few hours ago :white_check_mark:

The Pilot League revealed the winners of Idle Gitcoin Grants! Submissions include BarnBridge, Cream, Curve, and AlphaHomora integration. Winners got granted 1300 $IDLE as a total prize. With tests and improvements, some integrations would be on the right path to reach the production stage.

After 3 weeks of product development, the working group composed of @aaaaaaaaaa & @8bitporkchop submitted a brand new Dune dashboard and the Idle subgraph. With these tools, the community can make informed decisions, monitor protocol performances, and work on on-chain protocol data. Based on the initial requirements and final outcome, the League compensated the devs with 300 $IDLE.

On grants side, we also have:

  • The Treasury committee launched Educational Content Grant #1 to foster educational articles creation and modify the current Gitbook by adding new resources. The application window is open since June 14th. The committee will reward overviews, tutorials, and technical docs up to 30 $IDLE per piece.

  • The committee approved the grant (250 $IDLE) proposed by @gggggg, which formed a working group with @sunnyRK. They are now developing the Idle+PoolTogether integration, letting Idle protocol become a yield source of the no-loss lottery protocol. PoolTogether team will match the bounty.

Other discussed ideas are:

Next Steps

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

  • LP staking program live. After IIP-6 execution, @8bitporkchop will deploy the Ampleforth geyser staking model. In parallel, the user interface for LP staking contract interactions is in development.

  • Dev & Treasury Leagues. We unveiled the path for a multi-DAO structure. The need for a collective of active developers that work with the Treasury League has been evident with the latest initiatives. With a Dev League, each department can take care of its own vertical. We plan to initiate the Leagues’ application process by the end of next week; drop your feedback in the forum to move forward with this initiative!

  • B2B Affiliate Program. The official launch (which starts fee-sharing rewards calculation for partners) is planned for this week with current partners that are already deploying capital in Idle. With the Dune dashboard release to track partners’ generated fees, anyone can embed the referral and join the program in a permissionless way.

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