๐Ÿ“… IdleGov Biweekly Update โ€“ 12/06/21 [BW26]

Key Metrics

  • Asset Under Management ($): 120M (+1.7%)
  • Governance Token Holders: 3,721 (-4.5%)

Forum Highlights

  • :incoming_envelope: 13 topics created
  • :bulb: 3 Temperature Checks
  • :busts_in_silhouette: 10 new members
  • ๐Ÿง‘โ€๐Ÿ’ป 9,100 pageviews
  • :+1: 160 likes

Weeks in review

โ€œDecentralized systems, on the other hand, are a little trickier to understand. In a decentralized organization, thereโ€™s no clear leader, no hierarchy, and no headquarters. If and when a leader does emerge, that person has little power over others. The best that person can do to influence people is to lead by example.โ€ โ€• Ori Brafman, The Starfish and the Spider

Idle DAO celebrated 1 year of existence. You can find all the achievements and milestones in the Tweet and the article mentioned there - HERE. You can find the list of achievements of the Leaguesโ€™ last mandate in the Community Call # 3 overview (or watch the video recording of it on the same link).

IIP-17 has been executed - with it, Idle protocol came back to full operativeness โ€“ funds depositing and rebalancing operations have been fully restored. An important new development for Idle DAO has been the deployment of the Grants 2.0 Program. It has the aim to reach more contributors to help further the Idle ecosystem.

Thereโ€™s a proposal currently in the discussion phase. It was made by Visor Finance and it has a goal to build and automatize protocol-owned $IDLE/$ETH liquidity management on Uniswap v3.

Temperature check to reconfirm current Idleโ€™s contributors has been approved. Idle DAO is expanding and looking for new members. There have been a significant number of applications for all of the Idle Leagues: Treasury, Dev and Communication.

Security cooperation with Enzyme has been positively voted for and will move forward with the execution.

Next Steps

  • New team members will be elected based on the community vote. This will expand all the Leagues and give Idle DAO more fuel to grow our ecosystem and protocol. You can monitor applications here โ†’ Treasury League, Dev League, Communication League
3 Likes