Rebranding Idle To Pareto and Growth Plan

🗂 Proposals 📑 Formal Proposals
1

Introduction

Pareto is paving the way to build a marketplace of scaled on-chain credit facilities that displace legacy lending infrastructure and loan origination processes at each stage of the loan lifecycle. This unique combination of efficiency and scalability is positioning Pareto as the leader in the growing DeFi credit ecosystem.

Pareto has more than $25 million in committed TVL, compared to Idle Best Yield and Yield Tranches is already tenfold. And this growth is driven predominantly by organic demand.

This proposal seeks community support for a strategic migration of Idle to a new tokenomics, brand, the restructuring of governance, and the launch of a growth campaign to accelerate Pareto adoption.

Proposal

Pareto envisions becoming the de-facto credit coordination layer for the entire DeFi ecosystem, laying the foundation for an on-chain financial system that transcends the limitations of collateralization. By making credit more accessible, dynamic, and attuned to real-world economic growth, Pareto aims to redefine how DeFi interacts with global finance.

With its efficient infrastructure and scalable vaults, Pareto is on track to achieve significant milestones in the near term. These include expanding and onboarding multiple curators and borrowers from various sectors to reach hundreds of millions in market size, and becoming the largest securitization protocol for credit markets by volume within the next year – all while spearheading long-term innovation in DeFi.

To realize this vision, this proposal outlines a comprehensive restructuring of governance and tokenomics, ensuring that Pareto’s transformative impact is fully recognized and interests are aligned with long-term token holders.

The New Path

Pareto is building the foundation for an adaptive credit coordination layer, empowering individuals and programs to underwrite and borrow on-chain. In simpler terms, this means enabling a “real-world” economy to operate seamlessly on DeFi rails. Unlike traditional DeFi, which excels in managing digital assets, Pareto focuses on coordinating the economic layer of real world assets and services on-chain.

In the coming years, Pareto aims to support tens, if not hundreds, of borrowers and curators, reinforcing its tagline as “the base of the future credit system”. Here’s a glimpse of the transformative possibilities Pareto will unlock:

  • Cross-border payments
  • Revenue-based financing
  • Revolving credit facilities
  • Corporate bond-like instruments

To achieve this vision, our immediate priorities include:

  • Onboarding new borrowers and curators to Pareto.
  • Launching repo markets for Credit Vaults (using CVs as collateral).
  • Building a Credit Vault Factory for seamless deployment.
  • Explore Meta Credit Vaults for advanced credit structuring.

Token Rebranding

To achieve the above growth and position Pareto at the forefront of DeFi credit and RWA markets, we are proposing the following improvements:

IDLE → PAR

As part of this transition, $IDLE tokens will be seamlessly converted to $PAR on a 1:1 basis, as determined by their balance at the snapshot (more details below). Token holders will be able to claim their $PAR tokens will be upon launch. The $PAR token will be deployed on Ethereum with a new total supply of 18.2 million $PAR tokens.

The new $PAR token will serve as the core asset of the broader Pareto ecosystem and product suite. It will feature an upgraded tokenomics model, including a novel algorithmic buyback program and an improved staking system capable of enabling a fee-sharing mechanism (pending community approval). These enhancements are designed to align long-term interests and enhance the sustainable value of the ecosystem.

Growth Incentives

To realize this vision, we propose allocating 28.7% of the total token supply (breakdown below) to support key growth initiatives. To drive Pareto’s Credit Vaults toward a market size exceeding $100 million by late 2025, we recommend the following strategic allocations for the newly established DAO treasury:

  • Up to 5.20% of total supply for community incentives and airdrops
  • Up to 5.00% of total supply for early liquidity partners
  • Up to 3.50% of total supply for DEX/CEX listings and market-making
  • Up to 5% of total supply for core contributors and grants
  • Up to 10% of total supply for fundraising initiatives

Next Steps: $IDLE to $PAR Migration Process

  1. Governance Vote on the Proposal: This proposal will be submitted for a governance vote on Snapshot shortly after its publication, allowing the community to decide on the transition.

  2. $IDLE Snapshot: A snapshot of $IDLE and $stkIDLE balances (considering also balances held on DEXs as LP) across the Ethereum mainnet will be taken on 2025-01-10T23:59:00Z. All $IDLE balances on Polygon must be transferred to Ethereum before the snapshot to be included in $PAR allocations. Additionally, all stkIDLE balances will be considered unlocked and proportionally converted to $PAR. This snapshot may represent the final opportunity for existing $IDLE holders to secure their position in Pareto’s ecosystem, making it a critical moment to get onboard. These balances will determine $PAR allocations, with the target launch scheduled for the end of Q1 2025. This timeline ensures sufficient preparation and coordination with centralized and decentralized exchanges, investors, potential partners, and other stakeholders, setting Pareto up for a successful debut.

  3. stkIDLE Rewards: To reward current and future stakers, stkIDLE will offer a 3% increase in $PAR allocations for either current or new holders staking their $IDLE into stkIDLE before the snapshot date. This bonus recognizes the contributions of existing stkIDLE participants while encouraging broader engagement in governance and long-term commitment.

  4. $PAR Launch: The $PAR token launch is planned for the end of Q1 2025, contingent on securing liquidity and exchange partnerships. The launch will prioritize liquidity across both centralized and decentralized platforms, with this timeline allowing for the completion of necessary discussions and agreements to support a strong entry into the market.

Conclusion

This proposal outlines a comprehensive strategy to cement Pareto’s position as a leader in DeFi. With a proven track record of innovation, a clear vision for growth, and the rebranding to $PAR, Pareto is set to elevate Credit Vaults to unprecedented levels, reshaping how credit systems operate in DeFi and beyond.

This proposal will proceed to a Temperature Check vote, which will be published here in the next few days. If the community vote is positive, the $IDLE to $PAR migration process will be officially approved and implemented.

7 Likes
2

I am very FOR this plan. It is encouraging to see this team continuing to adapt and pivot in response to the market after all these years of experience and development. Given the time $IDLE has had in the market, this move to transition the product and focus on growth feels like the best move for the community and $IDLE holders.

Excited about Pareto and the traction already gained across partnerships and TVL with industry-leading organizations. It is also promising to see dev alignment in having the value generated by this novel product be returned to long-term $PAR holders and supporters.

5 Likes
3

Like farfeldoteth, I am also FOR this plan. This feels like the right time to transition to a new brand and image. $100M TVL by end of 2025 seems very achievable with the right growth plan. However, it really has to be executed right and I am encouraged to hear that we will be getting onto a CEX on Day 1 of the relaunch, possibly multiple CEXs. I’m also encouraged by the focus on marketing of the new brand right out of the gate. This has been the one pain point of the project for years and it’s good to hear the team is addressing it head on now. Increasing supply is never really good but if it gives the team another opportunity to showcase themselves and grow the project, then I am okay with it provided there are lockups on much of that new supply. We can’t have this attempt of a rebrand fall flat if everyone has unlocked tokens and decide to exit into the new liquidity. That would be the last thing we need. Good work team and looking forward to hearing more as the plan gets closer to reality.

5 Likes
4

Dear @Teo , thanks for the clear proposal of a Rebrand from IDLE to Pareto!

As community group owner and delegator, i support this decision to have a Rebrand from $IDLE to $PAR .
It feels like a necessary need to go forward.

The proposal seems in most ways fair enough.
A 1:1 Ratio from 13M supply to 18,2M supply probably won’t cos a high negative price impact, i don’t expect any negative price impact at all, if the strategy is right. I can except that there is a difference in there.

With the ability to have, besides DEX , now also CEX('s) on board, can make (with the right strategy) a huge difference.

I have completely trust in the team that they make this all as easy as possible for people to claim their new $PAR tokens.

There is probably room for adjustment in the proposal, if i have things that comes in my mind, i will add them here.

4 Likes
6

My feedback (in favour)

  • Pareto, love the name - smooth. $PAR makes sense as a ticker. - key thing is to ensure the ticker on twitter is not being used much otherwise posts and community engagement will be lost if competing with another project (Same for CG/CMC - they make it difficult to list existing tickers)

  • Personally felt IDLE needed a new brand facelift and name change to revive it - far too many are glued to the history of the performance of IDLE and refuse to touch it even after all the positive developments so im totally for it!

  • Topic on burning supply - is utterly pointless and a waste of funds, doesn’t do anything anymore - used to be a good hype model, but those funds can be put to better use (buying back supply and providing single side v3 long range LP for example - or OTC more VC’s / associations or whatever ) just an eg. Can be used so much more than just burning capital. Doesn’t help token holders anyway (some people think it does but it really doesn’t change a thing. (thick lp = attracts better trading volume potential and whales)

  • Ive always said IDLE has a kickass first mover product and it deserves good attention - not to be or sound like a broken record, the gang has stated it enough times - marketing & pa has lagged over the years and even tvl performance - so its good now to give it a chance to gain new eyes through this direction. Naturally more aggressive marketing around the products & dao movements - continual activity shows the crypto community and scene that the team is busy and delivering - share the story / share the process / share the events / invest into videographers at these events - step up the standard compared to others / keep preaching about the products and the continual statistics as time goes on / the more active you are, the more you stand out and be seen more regularly.

Growth of TVL & positive price action is the best marketing free marketing which benefits everyone.
Both can be worked on in 2 different angles.

Paying for influence can be a hit and miss… Very few that are worth while investing in - leveraging existing partners and cross marketing can sometimes be more effective - leave it for the degens to share internally around their groups. Better to onboard larger players at such early marketcap to consume the tokens for a longer period (not so desperate for quick profit and ruin momentum)

TVL GROWTH - MARKETS IDLE - IDLE GAINS NEW EYES = INCREASED PRICE - MORE PEOPLE TALK ABOUT IDLE AND GET AWARE - MORE WANT TO USE IDLE PLATFORMS TO PARK THEIR BULL RUN GAINS OR EXISTING - MORE REVENUE FOR THE TEAM + POTENTIAL STAKERS (when that might come back into play) - CONTINUAL GROWTH - DOMINO EFFECT.

Also - demand for a token encourages more holders and something to talk about. CPOOL & MORPHO market well and they are both only governance.

Thats your marketing. Paying a moron 3eth to tweet to his jeet community wont go far. especially when they put little effort into it.

  • Token claiming - these days i see alot of projects giving 2 weeks to 1 month timeframe to claim - otherwise people lose the window. So thats totally normal. Some will bitch and moan about having to spend eth (gas) to claim - some projects do an automatic swap that doesnt require claiming too if it was an option - people like convenience.

  • exchanges, be extremely selective which ones you choose - don’t waste capital on the barely used ones

Overall i love the direction this is going and feel it will help lift this off the ground completely if executed well. I will also share it around all my new networks also that have not heard of us.

Nothing really to criticise - in terms of platform / product - team knows best here - this is their strength through and through.

4 Likes
7

Nice to see this engagement both here and on TG. I’m of course in favor of this proposal.

@shiprekt That’s the plan we want to have somewhat a brand new ‘start’ with all the things you mentioned. A dedicated resource for the marketing will also be onboarded in Q1. Regarding the new total supply for sure part of the new supply will be locked.

@AllinCrypto we will have other discussions on the migration process in the forum if this proposal gets approved but we will ofc try to make the migration as seamless as possible

@JonnyReid regarding the burning, our proposal is actually to (re)implement a novel buyback more flexible rather than burning the supply but again we will discuss more in details in a separate proposal. In general I agree that a burning model is not that great.
For the marketing side, having more TVL will for sure help on the marketing side as this is usually linked to having new partners that can help boost the awareness too. KOLs are more a coin flip actually some are good others are less good we are trying some strategies but this will be more structured once we got the support of a proper head of marketing figure

2 Likes
8

Temperature check voting

The voting phase to approve the Idle rebranding to Pareto and growth plan starts now :ballot_box:

image
image1920×1920 73.5 KB

  • For - Agree with the rebranding to Pareto and its growth plan
  • Against - Disagree with the rebranding to Pareto and its growth plan
  • Abstain - Abstain on the rebranding to Pareto and its growth plan

:arrow_right: Poll for $IDLE holders: HERE
:arrow_right: Poll for $IDLE stakers (stkIDLE holders): HERE

:alarm_clock: Polls will close on 2024-12-23T15:30:00Z

The final $IDLE voting weights will be calculated using the approved calculator.

Looking to delegate your vote on Snapshot? Follow the official Snapshot guide.

Let your vote count! :writing_hand:

9

Fasanara Digital is FOR the rebranding and growth plan.

As the partner of Idle for the first credit vault, as well as investors and token holders, we are in favour of this proposal. The efficiency of the credit vault makes it a valued tool for us and we can see this value proposition being shared by others across the space enabling Pareto to gain great market share in the current on-chain credit space and be a driving force for off-chain loans to move on-chain.

IDLE has been slept on, and the long history and dubious token performance over the past years is preventing the project to scale to where it should be in this environment.
New tokenomics, ticker and CEX listing can overcome the difficulties and bring over the line multiple medium to large size LPs.

We hope to grow our pool with Pareto and potentially launch new one, with us alone targeting 50m in the next few months. We plan to bring our pool on various chains and integrate with the most successful overcollateralised lending markets.

We think IDLE is currently significantly undervalued and the dilution proposal is a net positive for all token holders.

I encourage all stakeholders to push aggressively for growth over the first half of the year, as the environment is becoming increasingly favourable for the product that Pareto offers.

We commit to continue to support the team during this journey.

5 Likes
10

In light of the recent proposals published in the forum

We advise to postpone the IDLE snapshot date originally scheduled for 2025-01-10T23:59:00Z by one week to 2025-01-16T23:59:00Z.

This extension provides several key benefits for the community:

  1. Finalizing IIP-42: Allowing the completion of the governance timelock admin update to enhance security and mitigate potential governance risks.
  2. Enabling a smoother IDLE migration: More time for the IDLE community to complete the chain migration and withdraw liquidity from AMMs.
  3. Extended staking period: Several community members requested more time, and we’re happy to accommodate this request so they can benefit from the extra 3% distribution in Pareto tokens.

We appreciate the feedback from the community and believe these adjustments will ensure a more seamless experience for everyone involved. We are confident that this extension will help further expand the IDLE community.

4 Likes
11

Here’s a useful countdown tool to align token holders on the incoming deadline.

1 Like