[IIP-26] Clearpool PYTs as a new yield source for BY - Wintermute


Treasury League and Development League


This proposal focus on one initiative:


For a comprehensive analysis of the initiative, we suggest visiting the dedicated governance forum post linked below.

Clearpool PYTs as a new yield source for BY → Forum post

In the proposal discussion post, we also highlighted some key mechanisms implemented by Clearpool to incentivize the utilization rate of the pools and protect lenders in case of risk of borrower default.


The code for the IIP-26 can be found here.

IIP-26 actions:

  • Add Senior tranche of cpWIN-USDC PYT as a new yield source for idleUSDC Best Yield strategy

Together with the above action, IIP-26 will set a new wrapper contract for the Clearpool USDC pool: 0xdb1b149177b5819cf467ad6519cf55416789300a

Next Step

We will open the on-chain voting phase right after the publication of this IIP.


On-chain Voting Phase

:writing_hand: Cast your on-chain $IDLE vote here: HERE
:spiral_calendar: End date: 2022-09-19T01:40:00Z

:writing_hand: $IDLE stakers (stkIDLE holders) can vote here: HERE
:spiral_calendar: End date: 2022-09-18T16:00:00Z

The threshold to make the off-chain poll valid (both metrics should be reached):

  • 20% of circulating stkIDLE voting the poll (min. 145,232 stkIDLE)
  • at least 70% on the same option.

The stkIDLE voting calculator will be used to calculate the final results.

Make sure you have been delegated to take part in this voting round.


Voting results and IIP queuing

IIP-26 passed with 1,622,670 $IDLE votes in favour and is now queued for execution :tada: