Idle Weekly Beats 🔊 12.22.21
Welcome to Idle Weekly Newsletter, your regular dose of updates 📢, new features 🤖, and announcements from our team 👪
Top Beat:
🚀 TIME TO MAKE YIELD YOUR OWN 🛡 New product release straight from Idle’s factory! The Perpetual Yield Tranches (PYT) have arrived! 📈 Find out more about them! 👇
Core Beats
🧩 Bringing you another use case for $IDLE - you can now use $IDLE to lend/borrow on Euler Finance. This partnership with Euler, enabler of permissionless lending markets, could also soon bring another improvement - using $IDLE as collateral.
💸 Another partnership! With Ricochet - a DeFi protocol on Polygon that allows users to allocate their crypto assets in real-time using Superfluid's framework. They integrated $IDLE into their pools and enabled money streaming functionality, further fostering the growth of Idle’s ecosystem.
🤝 We're proud to announce another amazing partnership - Pods Finance. With this partnership, the collateral use case for idleTokens has been unlocked! How to utilize this composability feature? Deposit USDC into Idle protocol on Polygon → deploy the tokenized position (idleUSDC) into Pods → profit from liquidity provision.
⚙️ Proposal to improve Idle DAO’s governance framework. The framework would be improved from Governor Alpha to Governor Bravo. It would enable more flexibility in voting, upgradeability of the key governance parameters and many more upgrades (you can read about them here).
💰 The voting for the mandate’s budget that will be used to cover operational costs, reward contributors, and provide liquidity to bootstrap new Idle-based markets
🗳 The new Leagues members have been elected. Check out the contributors and advisors who were chosen for the Treasury, Dev and Communications Leagues.
🏛 Biweekly governance update
You can find the most important governance-related updates in the forum post.
Stay in the loop
We’re building Idle for the Ethereum ecosystem and its great community. We’d love for you to be part of our development process.
Here you can find our documentation: developers.idle.finance
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