We’re excited to announce that Idle now sponsors Chainlink Price Feeds on Ethereum mainnet.
Since the Governance launch, Idle has integrated Chainlink’s industry-leading decentralized oracle network. The integration allowed Idle to access high-quality, tamper-proof price feeds to distribute $IDLE liquidity mining across our current strategies (Best-Yield & Risk-Adjusted) and our newest tranches product.
The $IDLE Liquidity Mining program’s distribution, planned for 2 years, calculates the performance fees generated by each pool (idleDAI, idleUSDC, …) and shares tokens with LPs proportionally to protocol revenues on a block basis. …
Gitcoin is an organization with the mission to facilitate the funding of open-source, collaborative Web3 projects, creating a solid and worldwide community of crypto enthusiasts and developers.
Gitcoin holds a special place in our hearts: Idle was born during a Gitcoin Hackathon, and thanks to that ecosystem we moved our first steps in the DeFi world. We would like to give back new opportunities to community members, inspiring ideas with funds and mentorship.
The last Hackathon edition saw 4600 participants, 21 sponsors, and over $350,000…
No legend says return management. It’s always risk management. If risk is managed well, returns would be ample. And what needs to be seen is risk adjusted returns.
Today, Idle Finance unveils the first step of a guarded launch for the brand new Perpetual Yield Tranches, adding a new risk- and yield- tranching primitive to its suite of DeFi products.
In the financial world, a tranche represents a product split that carries specific features like risk, yields, duration. They are often arranged together to create pools of diversified products or a basket of investments with similar characteristics.
Idle partners up with regulated custodian service Finoa to offer secure asset management to IDLE token holders.
With traditional financial businesses increasingly joining the crypto and DeFi world, there’s a growing demand for reliable and professional custody services.
This demand to safeguard cryptocurrency assets comes from regulated financial institutions that need professional infrastructure to store private keys. While there are many solutions for individual key management, those activities are out of business scope for those stakeholders, which do not want to take the risks of personally setting up the custody.
Custodians represent the right fit also for compliance reasons, helping…
The integration of Biconomy into the Idle website would allow Idle liquidity providers to get access to frictionless and gasless transactions on DAI and USDC Best-Yield pools.
New users that interact with the DeFi world for the first time have often issues understanding how the Ethereum network works, and they approach Idle protocol owning a single asset.
This misunderstanding generates frictions, with users spending extra gas in swapping part of the assets in ETH to pay the transaction fees.
With this new implementation, Idle proposes a seamless onboarding process. …
Idle partners with Nexus Mutual in pushing for institutional-class covered yield
TLDR: In less than 24 hours since the launch of the Shield Mining campaign, Yield Token Covers on IdleDAI and idleUSDT raised 7.5m $DAI as liquidity and the yearly cost reached the minimum value of 2.6%.
Idle DAO partnered up with Nexus Mutual to launch Yield Token coverages on DAI and USDT pools.
Idle has always demonstrated particular attention to security, engaging with professional auditing firms (5 audits), and releasing a series of risk management procedures (e.g. DeFiScore framework, $500k bug bounty program, Integration Standard Requirements) to make the…
This how-to article guides you through the DAI and USDT coverage purchase without KYC.
Idle DAO partnered with Nexus Mutual and launched Yield Token coverages on Best-Yield idleDAI and idleUSDT pools.
If your yield-bearing token de-pegs in value by more than 10%, claim up to 90% of your loss by swapping your yield-bearing token for claim payment.
More info on the Yield Token Cover here.
The coverage purchase is available in the Tool section of the dashboard.
The Payment asset field represents the method of payment used…
Bancor is a decentralised exchange that allows Liquidity Providers (LPs) to stake single assets in a pool and earn trading fees. The BancorDAO community recently voted to whitelist the IDLE/BNT pool with a 200k BNT co-investment, allowing $IDLE holders to stake their $IDLE in the pool and earn trading fees in $IDLE with no risk of impermanent loss. Grow your $IDLE stack simply and safely.
Since Bancor launched its v2.1 in late 2020, Liquidity Providers have been able to provide single-sided. A key feature within the v2.1 …
We love our community, and we want to spread the love!
Show us your favorite thing about Idle with a meme. Win the awards in $IDLE tokens — 35 of them are up for grabs.
Let’s get this meme train going. All aboard! 🚂
Total of 35$IDLE to be awarded among 3 finalists! Voting will take place over 3 days after the competition is done and 3 finalists are chosen.
The waiting has come to an end, staking just got real!
The Idle Leagues worked around the clock to add more innovative token use cases, and today we are happy to unveil $IDLE staking.
IDLE is now a governance token with a value accrual mechanism. Users that lock $IDLE for a flexible period (up to 4 years) will get access to a fee-sharing stream.
Governance voted to distribute 50% of the protocol’s revenue streams to stakers in the form of $IDLE, increasing protocol ownership and Governance involvement of $stkIDLE holders.