Idle

Summary

To foster Idle protocol’s growth, and reduce the initial onboarding barriers for integrators and partners, we would like to propose a referral program for B2B partners.

Despite the fact there are some direct (attractive yields/rewards) and indirect (fewer maintenance costs and increased capital resiliency) benefits in integrating Idle protocol into third-party services, we observed that adding an affiliate program would enhance new integrations.

The goal of this proposal is to set up an initial off-chain mechanism powered by the Pilot League.

Details

During phase 1, the Pilot League committee would collect a list of integration partners and track the Partner Deposited Assets (PDA) along the time.

Profit-sharing is triggered when a withdrawal event happens on partner funds, allowing the protocol to claim the accrued fees. The Pilot League shares the profits in $IDLE tokens, at the conversion rate available on the market.

Program Parameters:

• Program Budget: 50,000 $IDLE
• Program Manager: Pilot League committee
• Minimum threshold to execute the fee sharing: 500 $IDLE
• Vesting period: linear unlock in 3 months

More details on referral levels and operations here: B2B Affiliate Program Kickoff The program will run for 3 months to test the parameters and collect feedback, and will then be officialized into an automated on-chain program.

Voting Options

Vote “In favor”, if you agree to kick off this Affiliate Program.

Vote “Against”, if you don’t agree to kick off this Affiliate Program.

Vote “Discuss more”, if you have concerns about the implementation approach.

Snapshot is an off-chain solution to cast a vote by signature, no gas spent.