๐Ÿฆ ๐ˆ๐๐ฅ๐ž ๐…๐ข๐ง๐š๐ง๐œ๐ž ๐Ÿฆ $IDLE

๐Ÿš A rebalancing protocol that allows users to manage their digital assets

๐Ÿš˜ Assets connect with Compound, Aave, dYdX, & Fulcrum

๐Ÿš– Likely the most secure DeFi protocol that exists

๐Ÿš” Has a Superior smart treasury with very high yields
๐…๐จ๐ซ๐ฐ๐š๐ซ๐ ๐Ÿš†

๐Ÿฅฉ In the advent of DeFI investors have found a new way to maximize their ROI by staking their assets for a high percentage return. This new trend has not come without risks though, and can cause maximum financial damage through an event called a "rug-pull".
๐…๐จ๐ซ๐ฐ๐š๐ซ๐ 2โƒฃ

๐Ÿชฆ A rug-pull means to take away the buying support or have the (DEX) liquidity pool suddenly taken away from a market. This sudden loss of liquidity results in a sell death spiral as other liquidity providers, holders & traders sell to salvage their holdings
๐— ๐—ถ๐˜€๐˜€๐—ถ๐—ผ๐—ป ๐Ÿ›ฉ๏ธ

๐Ÿ”Idle wishes to unlock the power of decentralized finance for everyone with a single instrument, that automatically rebalances between underlying providers to always maintain the highest rates or the optimal risk/return allocation.
๐—ข๐˜ƒ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฒ๐˜„ ๐ŸŽ‘

โฑ๏ธ Idle Finance brings automatic asset allocation & aggregation to the interest-bearing tokens economy. It bundles stable crypto-assets (stablecoins) into tokenized baskets that are programmed to automatically rebalance based on different management logics
๐ˆ๐๐ฅ๐ž ๐€๐ซ๐œ๐ก๐ข๐ญ๐ž๐œ๐ญ๐ฎ๐ซ๐ž ๐Ÿจ

๐Ÿ’ฒAPR is constantly monitored along with the risk scores of every lending protocol. When new allocations can improve the main performance metric of the strategy chosen, Idle submits new allocations to the contract with our rebalance manager
๐—”๐—น๐—น๐—ผ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐˜† ๐Ÿช™

๐Ÿ–จ๏ธIt has its own set of tokens that represent a pool of yield-generating assets spread across many DeFi protocols. The tokens show investorโ€™s proportional ownership of the pool & interest accrued. It allows Idle to be non-custodial
๐—”๐—น๐—น๐—ผ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐˜† ๐Ÿ”Ž

๐Ÿ’นBest-Yield: this strategy combines multiple money markets to automatically provide the highest interest rates, smashing the best traditional offerings across interest-bearing tokens in DeFi.
๐—”๐—น๐—น๐—ผ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐˜† 2โƒฃ

๐Ÿ’ฏRisk-Adjusted: this strategy automatically changes the asset allocation in order to find the best mix between risk scores and yield.
๐—Ÿ๐—ฒ๐—ป๐—ฑ๐—ถ๐—ป๐—ด ๐—ฃ๐—ฟ๐—ผ๐˜ƒ๐—ถ๐—ฑ๐—ฒ๐—ฟ๐˜€ ๐Ÿ’ต

โ˜‘๏ธIf you are unfamiliar with the DeFi protocols below. they are some of the premier Bluechips in Crypto.

โœ…Compound
โœ…Fulcrum
โœ…Aave
โœ…DyDx
โœ…Maker DSR
๐ˆ๐๐ฅ๐ž'๐ฌ ๐๐ž๐ฐ ๐•๐Ÿ ๐๐š๐ฅ๐š๐ง๐œ๐ž๐ซ ๐ฉ๐ซ๐จ๐ญ๐จ๐œ๐จ๐ฅ โš–๏ธ

๐ŸฆV2 introduces a new feature which allows asset Managers to release a portion of the funds from a liquidity pool to be lent out to lending providers to boost the yield for a LP pool. https://gov.idle.finance/t/balancer-v2-lending-provider-for-asset-managers/433
๐‹๐ ๐’๐ญ๐š๐ค๐ข๐ง๐ ๐Ÿฅฉ

๐ŸฅƒIs the process depositing and then the locking of assets on a DEX pool & earning rewards in return. They mint special tokens known as liquidity tokens and send them to the buyers address.
๐‹๐ ๐’๐ญ๐š๐ค๐ข๐ง๐  2โƒฃ

๐Ÿ“†When a trade occurs, a percentage of a fee is distributed to all LPs in the pool at the moment of the trade. The current staking length is 6 months & most likely will be extended by the governance members. The current reward unlock rate 1,000 IDLE /day
๐‹๐ ๐’๐ญ๐š๐ค๐ข๐ง๐  3โƒฃ

โŒš๏ธThe rewards will be split between LP staking and Idle staking with a 50/50 ratio and a time lock as a reward. In the beginning we will incentivize LP staking over idle staking to get higher TVL on exchanges, but over time pivot to idle staking
๐’๐ฆ๐š๐ซ๐ญ ๐“๐ซ๐ž๐š๐ฌ๐ฎ๐ซ๐ฒ ๐Ÿ’ฐ

โ›“๏ธIn order to increase the on chain liquidity of the token, and to give the tokens economic value in the long term to its holders Idle has developed a Smart Treasury. Fees are generated from the protocol can be redirected into the balancer pool.
๐’๐ฆ๐š๐ซ๐ญ ๐“๐ซ๐ž๐š๐ฌ๐ฎ๐ซ๐ฒ 2โƒฃ

๐Ÿ” The treasury acts as a buy back machine. The pool is available for investors to swap against, which increases on chain liquidity. The fees generated from swaps will be added to the pool, and becomes additional income for Idle.
๐’๐ฆ๐š๐ซ๐ญ ๐“๐ซ๐ž๐š๐ฌ๐ฎ๐ซ๐ฒ 3โƒฃ

๐Ÿช™ This also makes Idle eligible for $BAL tokens which are held, or re-invested back into the treasury

โœ…Parameters
Weights: 90/10
Tokens: Idle/WETH
Swapping fee 0.5%

โœ…Fees
80% to smart treasury
15%-to fee treasury
5%-to the idle rebalancer
๐—ฆ๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ถ๐˜๐˜† ๐€๐ฎ๐๐ข๐ญ ๐Ÿ“‹

๐Ÿ”’ Completed multiple & incremental security audits with Quantstamp in Dec. 2019 and April/May 2020. Due to their stringent security and partnering with protocols that have the same security, it makes it far less likely that they are rug-pulled
๐‚๐ฎ๐ฌ๐๐จ๐ญ๐ฒ ๐จ๐Ÿ ๐€๐ฌ๐ฌ๐ž๐ฌ๐ญ ๐Ÿ›ƒ

๐ŸงพIdle does not custody digital assets. Your digital assets are sent to a smart contract that Idle does not control. Only you have access to the contract. These accounts have balances for each asset that are lent out to underlying protocols.
๐†๐จ๐ฏ๐ž๐ซ๐ง๐š๐ง๐œ๐ž ๐Ÿ‘จโ€โš–๏ธ

๐Ÿ—๏ธIdle has created an ideal structure for its holders to vote and decide as a community how the project progresses. It covers many areas such as:

๐Ÿ—๏ธEcosystem Fund
๐Ÿ”‘Treasury Governance
๐Ÿ—๏ธLP's fund
๐Ÿ”‘Idle Allocation
๐‘๐จ๐š๐๐ฆ๐š๐ฉ ๐Ÿ›ฃ๏ธ๐Ÿ—บ๏ธ

โœ…In no particular order or timeline. These are the ambitious things they are setting out to achieve.

๐Ÿ”ฅThere are also discussions possible of flash loans.

๐Ÿ”ฅIntegrations with Yearn Finance has already begun.
๐๐š๐ซ๐ญ๐ง๐ž๐ซ๐ฌ๐ก๐ข๐ฉ๐ฌ ๐Ÿค
๐‹๐ž๐š๐๐ž๐ซ๐ฌ๐ก๐ข๐ฉ 3โƒฃ

๐Ÿ’ŽMatteo Pandolfi, Financial Data Analyst and Blockchain Entrepreneur.

๐ŸŽ“Universitร  Ca'โ€‹ Foscari Venezia, Global Development and Entrepreneurship and FinanceGrade110L/110 https://www.linkedin.com/in/pandolfimatteo/
๐‚๐จ๐ง๐œ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง ๐Ÿ“–

โœ๏ธ This project is led by a team of what appears to be masterminds, from every sector one would need to launch a project into the stratosphere. It is no wonder there GitHub is flourishing and buzzing with excitement.
๐‚๐จ๐ง๐œ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง ๐Ÿ“–

โœ๏ธIdle is much further ahead of most of its competition, and have what appears to be one of the highest yield generating platforms, while also being the most secure in blockchain finance.

Tier ๐Ÿฅ‡Gem
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