- Asset Under Management ($): 141M (-15%)
- Governance Token Holders: 3,767 (+1%)
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“The 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
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 “LP 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).
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!