Idle DAO (stkIDLE holders)

Summary

This off-chain poll aims to gauge the sentiment among stkIDLE holders regarding IIP-16, which has been launched on-chain. If the poll will reach the quorum, the vote will be broadcasted on-chain.

This IIP would upgrade the PriceOracle to properly account for COMP distribution after Compound Proposal 62.

IIP Motivation

With Proposal 62 approval, Compound changed the Comptroller logic into two different COMP distribution rates: borrow-side (compBorrowSpeeds) rate and supply-side (compSupplySpeeds) rate.

The technical change is described as follows:

Comptroller#compSpeeds storage variable is no longer being used and has been effectively deleted. It’s replaced by Comptroller#compBorrowSpeeds and Comptroller#compSupplySpeeds. This proposal copies the current rates into the new storage variables.

Idle protocol’s oracle uses compSpeeds and it needs to be updated with compSupplySpeeds. Executing the change, IdleController will properly account for COMP rewards when calculating how much IDLE distribute to each IdleToken.

Details

The new implementation is available here.

Actions:

• Oracle update: 1 action

This IIP complies with the stkIDLE Voting Framework. Only stkIDLE holders can vote on this poll. Threshold to make the poll valid (both metrics should be reached):

• 30% of circulating stkIDLE voting the poll (min. 83’631 stkIDLE)
• at least 70% on the same option

If the poll reaches the quorum, the community multisig will broadcast the decision on-chain. Current On-chain Voting Power: 377’888 $IDLE

Voting Options

Please cast your vote on one of the following options: FOR: Approve IIP-16 execution AGAINST: Vote against IIP-16 execution