πŸ“… IdleGov Biweekly Update – 06/29/21 [BW15]

Key Metrics

  • Asset Under Management ($): 223M (-15%)
  • Governance Token Holders: 3,061 (0%)

Forum Highlights

  • :incoming_envelope: 3 topics created
  • :bulb: 1 Temperature Check
  • :busts_in_silhouette: 4 new members
  • πŸ§‘β€πŸ’» 5,700 pageviews
  • :+1: 112 likes

Weeks in review

What matters is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.

$IDLE staking gets the priority seat for this recap. IIP-10 collects tech specifications and features, moving the proposal to the on-chain voting phase. The proposal reached the quorum and the Governance executed it, officially kicking off the staking program. Here you can find the official release Medium post which unveils the key parameters and features of this new component, and if you need support for the dashboard, here’s an how-to guide for $IDLE staking.

$IDLE Treasury Diversification through Strategic Partners got through our community feedback with a Temperature Check. Voters approved the intention to connect with strategic partners and structure the deal’s parameters.

Coverage on Idle pool tokens: the Leagues proposed to pivot the incentives to IdleUSDT (together with idleDAI), making insurance more economical and reducing de-pegging risks.

The community, along with the other Leagues, launched the Communications & Marketing Pilot League to foster community engagement and add a new module to the League ecosystem. The poll approved the current Pilot committee with @DenisDevcic and @mikojava as lead PMs for this League.

Next Steps

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

  • Treasury Diversification. This initiative will enter the operational phase, starting conversations with potential partners. Leagues will keep the community posted on fresh news, and together with the Governance will proceed on finalization.

  • Shield Mining. The targeted launch date for the shield mining campaigns is early July. Leagues will work on communication and marketing strategies to catch the attention of potential risk-averse liquidity providers, and the UI will embed the coverage purchase to provide a seamless user experience.

  • Undergoing Security Audit. The new product under security audit will expand the suite of offerings with a service tailored to both best-apy seekers and investors looking for safe deposits. Further details on the technical model and perspective performance will be released in the following weeks.

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