Paving the way for stkIDLE VEV: Hidden Hand integration is now live!
Announcing the stkIDLE integration on Hidden Hand
The Hidden Hand’s integration represents a significant achievement for stkIDLE users and protocols interested in boosting the IDLE incentives on their pools on Idle. It gives both a new way to earn rewards by allocating stkIDLE into gauges and establishes a new use case for IDLE stakers.
- On the voters’ side (stkIDLE holders), it gives the possibility to choose the current best incentive and then direct votes to the preferred gauges;
- On the protocols’ side, it opens the doors to increase the $IDLE reward distribution on the protocol’s pools by incentivizing Idle token holders.
You can visit the Idle section on the Hidden Hand platform here.
Voter extractable value and Hidden Hand benefits
Leveraging the stkIDLE Gauges model, anyone who locks IDLE can allocate votes to direct the weekly distribution of IDLE incentives among gauges. Through Hidden Hand, anyone who allocated their votes towards one or more liquidity gauges can receive incentives every two weeks. IDLE stakers can be awarded for their voting preferences by other users or protocols interested in receiving additional Gauges votes — a process commonly known as VEV (Voter Extractable Value).
Thanks to this mechanism, users can earn additional rewards besides the staking ones.
IDLE stakers can thus leverage multiple opportunities, such as:
- Vote on the weight of IDLE rewards distribution in Gauges
- Receive a boost on their liquidity provided by staking more $IDLE
- Get extra rewards to vote on specific gauges (VEV)
Every project and LP interested in receiving additional rewards in their liquidity gauge can incentivize stkIDLE holders to vote for their specific pool. Protocols can deposit funds in Hidden Hand, and the platform will automatically distribute them to voters.
This is one of the main drivers of the veTokenomics world and was one of the triggers of the Curve wars. Protocols and LPs bid to distribute VEV to users who vote for specific pools.
Idle token holders can use the dedicated guide to vote on Gauges, while protocols and LPs interested in leveraging the Hidden Hand VEV mechanism can visit the dedicated guide.
Launch Partners
Within the Idle DAO ecosystem there are multiple parties, such as protocols partners and LPs, interested in seeing rewards grow in their gauges and ready to maximize them using the VEV through the Hidden Hand platform.
In August 2022, before the Hidden Hand launch, Angle Money started a reward campaign for stkIDLE holders who voted for the agEUR gauges. Their incentive campaign through VEV was successful: During 4 rounds of gauges distribution (1 month), agEUR gauge received 25% of the whole IDLE emission via gauges.
With a Voter Extractable Value (VEV) multiplier equal to 10x and the current gauge share, Angle is accruing a 10% extra yield from IDLE rewards on its agEUR pool.
With Hidden Hand integration live, Angle Money can automatically continue the distribution of its rewards by just using the platform.
About Hidden Hand
Hidden Hand by Redacted is a marketplace for governance incentives, commonly referred to as “bribes.” Protocols can leverage Hidden Hand to enable more efficient governance processes and engage voters. While users can earn an extra yield on their favorite vote-escrowed governance tokens through bribes.
Hidden Hand is a flexible marketplace for nearly all DeFi protocols to get more value for their token holders and expedite the process of creating demand for their ve-Tokens. For Redacted, Hidden Hand presents a diversified revenue stream for rlBTRFLY.
Learn more about Hidden Hand here.
About Idle
Idle DAO is a decentralized organization that builds financial infrastructure for Web3. From brand new DeFi protocols to public companies, businesses of every size use the protocol to optimize capital efficiency and manage their treasuries with DeFi.
Idle believes everyone deserves the best for their idle funds, both in terms of returns and risks. Over the past three years, Idle has rolled out the features and services, defining and shaping the yield automation space.
To learn more about Idle products suite visit
