Idle DAO (stkIDLE holders)

Summary

This proposal will define the initial batch of Gauges and introduce a framework to add new pools to the Gauges Controller.

Changes will be implemented if the proposal passes the Temperature Check.

Motivation

With the upcoming launch of Gauges, Idle DAO should vote on which Senior Tranches would be eligible to receive IDLE incentives and allow future prospective partners to whitelist their PYTs/pools in the Gauges.

Initial batch of whitelisted Gauges

This proposal would whitelist Senior Tranches that are currently in production, excluding DAI and FEI Best-Yield PYTs as they already receive IDLE from the Best-Yield LM program.

Furthermore, Leagues propose the listing of mUSD and mUSDcrv, which are in beta. mStable approved the whitelisting of mUSDcrv into their Dial, allowing liquidity providers to accrue MTA rewards.

Regarding pBTC, which won the PYT Battle, its release was postponed to let the pNetwork team upgrade their asset to v2. The new pBTC Convex pool has been recently launched and Dev League will proceed with its integration into PYTs.

Proposed whitelisted Gauges are the Senior PYTs of:

• stETH
• FRAX3crv
• MIM3crv
• stecrv
• alUSD3crv
• 3EUR
• mUSDcrv
• mUSD
• pBTCcrv

There will be a delay of a few days between the launch of Gauges and the first community voting period. During this timeframe, the initial weights of Gauges will be proportional to generated fees among the listed PYTs. With the first voting round, stkIDLE holders will be empowered to set the future Gauges weights.

Idle Gauges Whitelisting Framework

While PYTs will be the main beneficiary of Gauge listing, the process is also open to pools controlled by other protocols. Any smart contract is eligible for Idle Gauges, including AMM pools, on-top PYT products, and tools that empower Idle DAO to expand the ecosystem with new use cases.

The whitelisting process will be composed of 3 steps:

1. Forum Proposal
2. Temperature Check
3. On-chain Gauge Whitelisting

Details about this process are available here.

Specification

This proposal will:

• Confirm the first batch of 9 Gauges (Senior PYTs)
• Approve the Gauges Whitelisting framework

Voting Options

Please cast your vote on one of the following options: FOR: Approve Initial Gauges batch & Whitelisting process AGAINST: Vote against Initial Gauges batch & Whitelisting process DISCUSS MORE: Discuss more the proposal

This poll is available for both $IDLE token holders and stkIDLE holders. The final $IDLE voting weights will be calculated using the approved calculator.