Idle DAO (stkIDLE holders)

Abstract This is a proposal to add a Euler DAI, USDC and USDT PYT Senior tranche gauge to Idle.

Background Euler is a decentralised lending protocol that brings key innovations to DeFi like permissionless listing, market-based liquidations and much more.

The protocol has launched on mainnet in December 2021 and so far ha steady TVL of $210-250 million with most liquidity in WETH, WSTETH, USDC, DAI, WBTC and USDT.

The protocols was audited and rely on an open source codebase. As for Euler audits, they can be found here: https://docs.euler.finance/security/audits

Motivation A gauge on this pool with help incentivize senior lenders to come on top of Euler, thus creating opportunities for other junior lenders to join the pool, and hence using the Idle product for what it’s been truly built for.

Euler is also one of the best places where to get yield on stables given the tech but also the liquidity mining programme that bootstraps lending APYs.

Specifications The Euler USDC/DAI/USDT senior pool has already been deployed by the Idle team. It is available here:

https://app.idle.finance/#/tranches/senior/euler/USDC https://app.idle.finance/#/tranches/senior/euler/DAI https://app.idle.finance/#/tranches/senior/euler/USDT

Next Steps The forum proposal will be moved to the temperature check phase after 3 days of discussion.

Voting Options Please cast your vote on one of the following options: FOR : Approve Euler Senior PYTs whitelisting AGAINST : Vote against Euler Senior PYTs whitelisting 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.