Idle DAO (stkIDLE holders)

Summary

This off-chain poll aims to gauge the sentiment among stkIDLE holders regarding IIP-14, which has been launched on-chain. If the poll will reach the quorum, the vote will be broadcasted on-chain.

This IIP would remove $IDLE LM from Risk-Adjusted DAI, USDC, USDT and transfer 35,000 $IDLE from Ecosystem Fund to Treasury League multisig.

IIP Motivation

The post Risk-Adjusted Removal for Tranches Migration introduced several reasons to deprecate Risk-Adjusted strategies and deactivate $IDLE liquidity mining on those pools, with Senior tranche representing the natural security-first product for risk-averse users. The proposal passed the Temperature Check.

In parallel, Governance approved via Temperature Check the allocation of 15,000 $IDLE (amount rounded up to ensure to have at least $100k as overall liquidity) for UNI v3 pool and 20,000 $IDLE to fund Polygon LP staking program. The proposal has been discussed here.

Check the details of the motivations here.

Details

The technical implementation was developed by Dev League.

Treasury League wallet: 0xfb3bd022d5dacf95ee28a6b07825d4ff9c5b3814

Actions:

• $IDLE LM removed from Risk-Adjusted DAI, USDC, USDT: 3 actions
• 35k $IDLE transfer from Ecosystem Fund to Treasury League: 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. 71’083 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: 339’362 $IDLE

Voting Options

Please cast your vote on one of the following options: FOR: Approve IIP-14 execution AGAINST: Vote against IIP-14 execution