Idle DAO (stkIDLE holders)

The following is an extract of the proposal posted on the Idle governance.

Summary

This proposal is to approve the budget and goals for Leagues M2-2024 (April to June 2024) contributors and operations, and a brief outline of the achieved milestones for M1-2024.

M1-2024 Retrospective

We have been proud to announce significant integration partners, and have been evolving our product suite and DAO structure. Below a closer look at some of the key achievements of the past quarter.

🧩 Releases

• Yield Tranches for Morpho Isolated Lending Vaults
• Yield Tranches for Bastion Trading Credit Pool
• Yield Tranches for Amphor wstETH Vault
• Yield Tranches for Ethena sUSDe
• RWA Best Yield USDT: a diversified yield index for DeFi credit markets

[…]

Leagues M2-2024 Quarterly Goals

• 1. Institutional Credit & Yield Layer
• 2. Senior Tranches Repo Markets
• 3. Points & Yield Tranches
• 4. New Yield Sources
• 5. Senior/Junior Depeg Protection
• 6. Improve UI/UX and update data layer to streamline loading time
• 7. IDLE liquidity & tokenomics, and Strategic Round closure

Leagues M2-2024 Expected Budget

The expected budget for M2-2024 is $149’625 in stablecoin and 66’490 IDLE (using a 20-day rolling price at the time of writing).

At the time of writing, the Treasury League multisig stablecoin or equivalents holdings currently stand at $55’343 in stablecoins (excluding $129’353 in ETH/WBTC/altcoins, using price at the current time) so if the Temperature Check for IDLE tokenholders is positive, $94’282 funds will be transfered from the Fee Treasury (in either one or two installments), and 66’490 IDLE will be transferred from the Ecosystem Fund via the next IIP.