πŸ“… IdleGov Biweekly Update – 10/25/21 [BW23]

Key Metrics

  • Asset Under Management ($): 141M (-15%)
  • Governance Token Holders: 3,767 (+1%)

Forum Highlights

  • :incoming_envelope: 1 topic created
  • :bulb: 0 Temperature Check
  • :busts_in_silhouette: 3 new members
  • :desktop_computer: 4,000 pageviews
  • :+1: 6 likes

Weeks in review

β€œThe real voyage of discovery consists not in seeking new lands but seeing with new eyes.” Marcel Proust

Leagues attended Liscon and ETHLisbon, with a panel dedicated to DAO building experience. Great vibes, and an always vibrant community. Obrigado, Lisbon :portugal:

On the Governance side, token holders approved and executed IIP-14, removing LM support to Risk-Adjusted strategies.

Part of the funds allocated by IIP-14 to Treasury League bootstrapped UNI v3 pool, covering the whole range (from 0 to infinity).

Regarding liquidity and use cases, the article β€œLP Staking: Next Steps” summarizes the opportunities available for LPs interested to contribute to the Idle ecosystem.

LPs can provide liquidity on Sushi IDLE/WETH, join the UNI v3 pool, or wait for the LP staking program on Sushi Polygon (expected to start ~early this week).

Next Steps

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

  • dYdX deactivation. With dYdX removing support to Layer1 protocol, Idle has to update the contracts and deactivate that yield source. Leagues will present a formal proposal about this change.

  • UNI v3 PCV. As a next step, the UNI v3 liquidity pool can be increased after further analysis and collection of community feedback on this initiative. This would allow to increase the DAO-owned liquidity, foster the concentration of liquidity and exponentially decrease the slippage.

  • CC#2 next Friday. Join the next community call hosted by Idle Leagues! :studio_microphone:

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