πŸ“… IdleGov Biweekly Update – 09/20/21 [BW21]

Key Metrics

  • Asset Under Management ($): 166M (+1%)
  • Governance Token Holders: 3,673 (+2%)

Forum Highlights

  • :incoming_envelope: 3 topic created
  • :bulb: 0 Temperature Check
  • :busts_in_silhouette: 6 new members
  • :desktop_computer: 7,300 pageviews
  • :+1: 110 likes

Weeks in review

You can create value with breakthrough innovation, incremental refinement, or complex coordination. Great DAOs often do two of these. The very best DAOs do all three.

Greenlight from Aave Governance, the team has fixed the liquidity mining misconfiguration on Aave pools, allowing Idle Governance to launch IIP-12 on-chain.

IDLE token holders already successfully approved the proposal and queued it. Governance can execute the changes in about one day and effectively allow idleRAI to benefit from $IDLE liquidity mining.

The series of actions include FeeCollector compatibility to manage accrued $RAI, Cream removal from idleRAI, and Leagues’ next mandate budget transfer.

Communication and Marketing League unveiled the first main initiative to interact with the community: Ambassador Program :medal_military:Members who showed dedication, passion, and commitment in growing the brand awareness and welcoming new fellows now received the Ambassador status.

These contributors will further connect the community with Leagues, helping the protocol to increase the audience of Idle’s communications and reach out to potential partners on a large scale.

The first batch of Ambassador lists @JonnyReid @petabytecapital @AllinCrypto @Coinballers, congrats guys!

Next Steps

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

  • New IIPs. The execution of the proposal would conclude the phase related to RAI improvements. New IIPs are already in the pipeline, with details coming in the next few days.

  • LP staking. Sushi LP program will end in one month, and Leagues worked on an analysis to compare current liquidity deployments and how to make it more efficient, bearing in mind the upcoming Polygon release. Publication of the post is planned for this week.

  • Perpetual Tranches Cap Increase. Three weeks after the capped launch of the tranches, the product reached $380k in TVL and is now near the cap extension. With the future $5m cap, pool ownership will pass to Dev League multisig, reinforced to comply with the best security procedures.

5 Likes

Great update.
Looking forward to seeing our tranches thrive.
IDLE never fails to amaze me. Always building!
Let’s get it :muscle:

6 Likes