Idle
Idle
Website
Github
Twitter
Discord
Introduction
Strategies
Best Yield
Risk Adjusted
GETTING STARTED
Architecture
Networks & Codebase
Supported Assets and Providers
Interface
Methods
ADVANCED
Governance
Admin powers
Fees
Edge Cases
yxToken (DyDx tokenization)
Integrators
Getting User Balance
Get User Earnings
Get integrated into Idle
Old Contracts
Security
Audits
Interfaces
Glossary
Blog
Governance Forum
Powered by GitBook

Glossary

This document lists the terms used in Idle Forum, related to Idle protocol and Governance phases.

  • Idle protocol: a yield aggregator and rebalancing protocol, which offers a suite of allocation strategies that provides efficient lending aggregation and yield generation.

  • $IDLE: Governance token (ERC-20) that allows the owner to propose and vote any proposals made by token holders, or delegate voting power to another address.

  • Best-Yield strategy: it allows users to optimize interest rate profitability and seamlessly get the highest yields across lending protocols.

  • Risk-Adjusted strategy: it provides a way to earn the best rate across the safest lending protocols.

  • Idle pool: funds represented by only one asset and invested in a strategy (e.g. DAI in Best-Yield strategy).

  • IdleTokens: tokens minted during deposits, that represent the underlying assets plus the interests (e.g. IdleDAIBestYield, IdleUSDCBestYield, IdleUSDTBestYield..).

  • Proposal: it is how ideas are implemented into Idle protocol. Proposals start as ideas in the Forum, become IIP, and then on-chain Proposals.

  • IIP: Idle Improvement Proposal is the post that allows the discussion of a structured proposal. It’s the last step before the on-chain voting phase.

  • Delegation: providing voting rights to any Ethereum address that votes on your behalf.

  • Self-delegation: assigning the voting rights to yourself.

  • Liquidity Bootstrap Program: distribution of IDLE tokens to liquidity providers between November 26th and December 26th 2020.

  • Liquidity Mining Program: distribution of IDLE tokens to liquidity providers for 23 months, starting from December 26th 2020.

  • Fiat on ramp: tools to buy tokens with Bank account or Credit card

  • Early LPs: users that provided liquidity before November 1st 2020.

  • Idle Forum: Discourse forum that collects the discussions related to Governance and protocol improvements.

  • Idle Snapshot Page: this interface allows community members to signal their voting sentiment regarding a possible proposal.

  • Governance Dashboard: the interface that allows community members to cast votes on-chain and determine if an IIP will be approved or not.

  • Temperature Check: a method to taste the sentiment of the community about a potential change. Used at the early stage of the off-chain Proposal process.

  • Consensus Check: a method to taste the sentiment of the community about a potential change. Used at the final stage of the off-chain Proposal process.

  • Pending State: the period immediately after that a proposer deploys on-chain the Proposal.

  • Voting Phase: the period when IDLE token holders cast their vote “For” or “Against”.

  • Execution Phase: the period when the Proposal is implemented or rejected.

  • Grant: allocation of crypto to selected contractors to code a protocol’s change. Grant Proposals are launched when Proposals don’t come with executable code.

  • Bounty request: a request of funds to execute self-proposed tasks.

Previous
Interfaces
Last updated 4 weeks ago