Authors
Treasury League and Dev League
Summary
This IIP follows IIP20, which activated the Gauges, and sets the IDLE distribution rate to 990 IDLE/day.
With its on-chain execution in about 5 days, Idle DAO will complete the production release of Gauges at the full IDLE distribution rate approved by the Governance.
Rationale
[IIP-20] – $IDLE Gauges Activation → Forum post
Gauges were deployed earlier in a guarded launch phase, allowing Dev League to test the contracts and customize the UI.
IIP-20, which finalized the IDLE transfer to IdleDistribution contract, did not include the change of the Gauges’ IDLE distribution rate, now set at 10 IDLE/week.
Leagues launch IIP-21 to unlock the full Gauges’ IDLE distribution rate (990 IDLE/day), whose on-chain finalization will be on April 15th.
Consequently, IIP-21 will:
- Change IdleDistributor rate to 0.0114583333 IDLE per second, equal to 990 IDLE/day
Specifications
The code related to this IIP is here.
IIP-21 actions:
- Change IdleDistributor rate to 0.0114583333 IDLE per second: 1 action
On-chain Voting Phase
Cast your on-chain $IDLE vote here: IIP-21
End date: 2022-04-09T08:05:00Z
$IDLE stakers (stkIDLE holders) can vote here: stkIDLE snapshot poll
End date: 2022-04-08T13:00:00Z
The threshold to make the off-chain poll valid (both metrics should be reached):
- 30% of circulating stkIDLE voting the poll (min. 154,246 stkIDLE)
- at least 70% on the same option.
The stkIDLE voting calculator will be used to calculate the final results.
