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Buybacks

Governance > $IDLE staking > Buybacks
Part of the fees generated by the Idle DAO product suite is used to acquire $IDLE from the market and distribute it to stkIDLE holders on a weekly basis, as a reward for their long-term commitment.

FeeDistributor

Fees are distributed weekly: the proportional amount of fees that each user receives is calculated based on their $stkIDLE balance relative to the total $stkIDLE supply, and this amount is calculated at the start of the week.
The actual distribution occurs at the end of the week based on collected fees. As such, a user that creates a new vote-lock should expect to receive their first fee payout at the end of the following epoch week.
The available $IDLE to distribute is tracked via the “token checkpoint”, updated, at minimum, every 24 hours.
Fees that are received between the last checkpoint of the previous week and the first checkpoint of the new week will be split evenly between the weeks.
Fees distribution might be limited by high network fees (aka gas fees); in that case, accrued fees will be distributed the week after.
Stakers can claim their fees by calling claim().

Sushiswap Exchanger

Protocol fees are converted from underlying tokens in wETH and then allocated to some protocol beneficiaries from the FeeCollector, such as the Fee Treasury (owned by Idle DAO) and the Rebalancer (for operational expenses).
As part of IIP-10, the Sushiswap exchanger was added as a beneficiary to FeeCollector. This contract exchanges the protocol fees from wETH to $IDLE via SushiSwap and deposits the $IDLE to the FeeDistributor.
The SushiSwap Exchanger is implemented as an upgradeable contract to make this process sustainable for the future: if liquidity for $IDLE migrates to another exchange, the contract can be upgraded.
The SushiSwap exchanger implements a FeeExchanger interface which is located here.

Buybacks list

The cut-off date for the $IDLE distribution to stakers is around Wednesday/Thursday night. IDLE tokens received after this date are distributed the week after.
Date
Amount
Tx
2022-11-17 09:26 UTC
3029.7297 IDLE
2022-11-15 09:26 UTC
3207.7912 IDLE
2022-11-10 08:05 UTC
2558.1899 IDLE
2022-11-09 08:37 UTC
2219.8093 IDLE
2022-10-21 10:22 UTC
3221.9180 IDLE
2022-10-16 13:17 UTC
4047.9517 IDLE
2022-10-08 15:47 UTC
3414.6987 IDLE
2022-10-01 08:14 UTC
4450.0398 IDLE
2022-09-22 15:58 UTC
2929.2147 IDLE
2022-09-12 08:33 UTC
6162.3530 IDLE
2022-09-07 08:53 UTC
3420.0616 IDLE
2022-08-23 10:12 UTC
2937.3367 IDLE
2022-08-01 10:44 UTC
2073.9512 IDLE
2022-07-12 10:39 UTC
3280.9360 IDLE
2022-07-02 15:36 UTC
3323.1671 IDLE
2022-06-21 09:32 UTC
2289.2859 IDLE
2022-06-19 10:35 UTC
3136.6982 IDLE
2022-06-16 10:12 UTC
17838.6867 IDLE
2022-06-14 08:37 UTC
2481.2270 IDLE
2022-06-11 14:19 UTC
1914.4594 IDLE
2022-06-03 18:46 UTC
6183.7999 IDLE
2022-06-01 07:41 UTC
9268.2775 IDLE
2022-05-30 09:15 UTC
2459.1088 IDLE
2022-05-27 09:13 UTC
3090.4434 IDLE
2022-05-21 21:12 UTC
2030.3982 IDLE
2022-05-07 10:22 UTC
2174.0910 IDLE
2022-04-19 17:18 UTC
1284.4520 IDLE
2022-04-05 01:59 UTC
1167.0359 IDLE
2022-03-22 05:22 UTC
2634.1806 IDLE
2022-03-19 23:44 UTC
2929.8569 IDLE
2022-03-11 12:56 UTC
1564.1996 IDLE
2022-03-02 09:09 UTC
3277.7584 IDLE
2022-02-19 10:43 UTC
2782.5205 IDLE
2022-02-16 11:20 UTC
4708.3255 IDLE
2022-02-03 11:09 UTC
1020.3117 IDLE
2022-01-26 22:35 UTC
2364.2812 IDLE
2022-01-22 12:10 UTC
1331.7678 IDLE
2022-01-16 11:01 UTC
762.6044 IDLE
2022-01-03 09:40 UTC
915.7266 IDLE
2021-12-23 12:11 UTC
767.2338 IDLE
2021-12-14 21:05 UTC
1258.4462 IDLE
2021-12-13 09:59 UTC
807.3506 IDLE
2021-12-09 16:51 UTC
1119.1215 IDLE
2021-11-23 09:06 UTC
733.5967 IDLE
2021-11-07 15:46 UTC
1004.0310 IDLE
2021-10-30 08:24 UTC
10371.7968 IDLE
2021-10-19 09:48 UTC
783.5957 IDLE
2021-10-01 16:05 UTC
3141.5046 IDLE
2021-09-29 09:31 UTC
671.8590 IDLE
2021-09-21 09:29 UTC
864.8897 IDLE
2021-09-18 15:02 UTC
1004.1261 IDLE
2021-09-17 15:05 UTC
550.2597 IDLE
2021-09-11 11:25 UTC
501.3412 IDLE
2021-09-07 23:10 UTC
1003.8568 IDLE
2021-08-30 14:42 UTC
308.7532 IDLE
2021-08-24 08:50 UTC
3115.0880 IDLE
2021-08-24 00:19 UTC
676.2361 IDLE
2021-08-17 15:50 UTC
502.8395 IDLE
2021-08-11 08:12 UTC
533.7056 IDLE
2021-08-04 20:38 UTC
607.3764 IDLE
2021-07-30 12:59 UTC
2220.4490 IDLE
2021-07-26 08:04 UTC
535.9220 IDLE
2021-07-20 07:49 UTC
1220.0801 IDLE
2021-07-12 08:23 UTC
1480.4491 IDLE
2021-07-06 17:05 UTC
1094.6765 IDLE