πŸ“… IdleGov Biweekly Update – 11/23/21 [BW25]

Key Metrics

  • Asset Under Management ($): 118M (-7%)
  • Governance Token Holders: 3,898 (-1%)

Forum Highlights

  • :incoming_envelope: 13 topic created
  • :bulb: 1 Temperature Check
  • :busts_in_silhouette: 5 new members
  • :desktop_computer: 8,800 pageviews
  • :+1: 314 likes

Weeks in review

Idle has been officially deployed on Polygon! Idle $DAI, $USDC, and $WETH strategies have been made available on Polygon – this unlocked a huge potential market and basically removed the barriers to entry into DeFi for Idle. More about the B2B incentive program and use cases on Polygon - HERE.

We are happy to announce the partnership with Harvest Finance - Their yield farmers are getting to enjoy $DAI, $USDC & $ETH single asset pools on lightning-fast and cheap Polygon.

It’s been a couple of weeks full of partnerships: Impermax Finance integrated Idle pool and enabled 2 new $IDLE use cases on Polygon: lending $IDLE and borrowing for leverage in $IDLE/$ETH pool on SushiSwap.

Still on the subject of partnerships, one thing to note is the new grant proposal in partnership with mStable who are matching the amount of Idle bounty! The goal of the bounty is creating a strategy for Idle Perpetual Yield Tranches that supports mStable, in particular their Save product.

And to celebrate the recent partnership with Paladin and giving $IDLE a new use case (of delegating votes for money), we had a giveaway of NFTs in the form of Idle Pallys! Read their manifesto and the forum proposal.

Next Steps

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

  • Idle DAO Anniversary. On the 26th of November, there will be a DAO-themed contest and a list of milestones. The winners of the contest will be announced in the Community Call (on 30th of Nov).

  • Idle Grants Program 2.0. Upcoming newly updated version of the Idle Grants Program. The goal of this program is to reach more potential contributors (dev or not) who can genuinely grow the Idle ecosystem with their experience and passion for the DeFi world.

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