πŸ“… IdleGov Biweekly Update – 05/03/21 [BW11]

Key Metrics

  • Asset Under Management ($): 168M (+2%)
  • Governance Token Holders: 3,136 (-3%)

Forum Highlights

  • :incoming_envelope: 10 topics created
  • :bulb: 5 Temperature Check
  • :busts_in_silhouette: 26 new members
  • :desktop_computer: 17,500 pageviews
  • :+1: 689 likes

Weeks in review

The highlights for the last two weeks definitely include IIP-6 execution, which empowered the Pilot League to deploy, fund, and initiate the Geyser staking contracts for the Idle LPs Staking program. On April 26th, the LP staking program started its operations. This community initiative allows liquidity providers to become part of the Idle ecosystem while fostering a better trading experience on Sushiswap via liquidity incentives.

Another key topic for this biweekly update is the next Dev and Treasury Leagues batch. A snapshot vote officialized the Dev & Treasury Leagues’ parameters, and the majority of voters endorsed the proposed budget, mandate duration, and team composition.

Therefore, Idle Governance opened 8 positions to form teams for Dev & Treasury Leagues. Target profiles are Project Managers, Developers, and Supervisors. After 7 days of application window, 4 new snapshot polls are now measuring community sentiment for all the candidates. You can cast your vote until May 4th, 2021.

Moreover, the B2B Affiliate Program is now officially live! Partners integrated with Idle protocol are now entitled to receive up to 50% of the generated fees, and Leagues are reaching out to many different partners to foster new integrations. The program launched with top DeFi projects like Yearn and Harvest, emerging protocols like WasabiX, and Enzyme, PoolTogether, and SmartDeFi as next integration partners.

Last but not least, IIP-7 proposed to implement flash loans, optimize gas costs, improve protocol integration, enable $stkAAVE farming, and re-enable $COMP rewards for WBTC strategy.

Other trending ideas in the forum are:

Next Steps

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

  • IIP-7 proposal and execution. The IIP-7 thread is open for comments and soon will move to the voting phase. Get ready to vote on-chain, delegate your $IDLE voting power to yourself or to delegates listed here.

  • Leagues election and new mandate. The Leagues’ election polls will end in ~1 day, after which the teams will enter into a 3-week sprint phase. Supervisors will release their feedback regarding the team levels compositions and relative compensation package at the end of this bootstrap sprint.

  • New potential integrations for Idle Protocol. B.protocol, Aave AMM, EURS. These topics would require more insights and analysis to move to the integration phase.

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