Idle, the longest-running and most-resilient yield aggregator in the Ethereum DeFi space, will bring its allocation strategies on Polygon to let both integrators and individuals access optimized yields in a cheap and fast way.
Notable protocols like Yearn and Harvest use Idle strategies on Ethereum, and Polygon deployment would add a more simplified onboarding experience for new players into this ecosystem.
The first batch of allocation strategies will be launched in early November. They will be accessible to both individual LPs looking to maximize the returns as well as integrators that will easily access different yield opportunities with just one implementation effort. One protocol to rule them all.
Since its launch in April, Polygon has become a popular DeFi infrastructure, with exponential transaction volume and month-over-month user growth.
Mainly thanks to low fees and a developer-friendly environment, Polygon registered a proliferation of yield sources, including remarkable names like Aave and Cream.
The deployment of Idle strategies in this network brings a top-notch gateway to automatically and algorithmically interact with multiple yield protocols and optimize the interest rate.
Thanks to cheap transactions, automated rebalance events can be executed more often, optimizing allocations with a higher frequency than the Ethereum strategies at the cost of a fraction of a dollar.
Idle will initially launch on Polygon the Best-Yield strategy to let users and integrators save time and gas fees, pursuing the best interest rate with no effort.
In the first batch, the protocol will launch DAI, USDC, and WETH pools.
Liquidity providers will be entitled to receive $MATIC rewards accrued thanks to liquidity mining programs issued by underlying yield sources. In addition, Idle infrastructure would be already able to support the additional (and future) distribution of governance tokens issued by any underlying integrated protocol.
On top of those benefits, Idle & Polygon would reward any B2B integration partner that implements Idle’s allocation strategies as part of their Polygon underlying yield infrastructure with a $650k $MATIC incentivization program.
Additional $50k in $IDLE will be allocated to foster native Polygon projects using Idle and finalize new implementations.
Idle DAO plans to expand the suite of Polygon strategies with new assets, giving access to forefront pools to individuals and businesses.
Protocols interested in joining the B2B Polygon program can fill out this form to get in contact with the Idle team and start the onboarding process, receiving technical assistance, marketing & operational support, and funding.
Tech documentation about strategies’ integration will be published at the launch date.
A public Dune dashboard will track B2B referrals and reward distribution over time.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
Idle is the longest-running and most-resilient DeFi yield aggregator, clustering several noteworthy yield-generating platforms. Capital within an Idle allocation strategy for a given asset can be allocated in chunks across several protocols simultaneously to either maximize the average returns or minimize risk exposure for depositors.
The tenets of the protocol are 4-fold:
- Competitive optimization technology (Dynamic Allocation Mechanism),
- High-security standards (5 audits, $500k bug bounty program, safety criteria for new implementations),
- Long track record (battle-tested since mid-2019).
- Yield infrastructure for B2Bs (focus on integrations with other DeFi protocols/CeDeFi companies to develop the most secure infrastructure to connect with DeFi yields)