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On this page
  • FeeDistributor
  • Sushiswap Exchanger
  • Buybacks history

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  1. Governance
  2. IDLE token

Buybacks

Governance > IDLE staking > Buybacks

Last updated 1 year ago

Was this helpful?

In , the DAO decided to pause the IDLE buyback and distribution to stakers.

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.

Fee 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

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.

Buybacks history

The cut-off date for the IDLE distribution to stakers is around Wednesday/Thursday night UTC. IDLE tokens received after this date are distributed the week after.

Date
Amount
Tx

2023-04-26 13:33 UTC

6499.4481 IDLE

2023-03-06 16:52 UTC

1616.9282 IDLE

2023-01-29 13:46 UTC

1860.5140 IDLE

2023-01-07 18:31 UTC

2000.3098 IDLE

2022-12-31 18:28 UTC

7817.7975 IDLE

2022-12-15 15:29 UTC

4419.5324 IDLE

2022-11-26 18:39 UTC

3191.7107 IDLE

2022-11-26 09:50 UTC

2873.0738 IDLE

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

Protocol fees are converted from underlying tokens in wETH and then allocated to some protocol beneficiaries from the , such as the (owned by Idle DAO) and the (for operational expenses).

As part of , 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 implements a FeeExchanger interface which is located .

🏛️
FeeCollector
Fee Treasury
Rebalancer
IIP-10
here
0x99fba...6a8d
0x5c110...4d49
0xf140b...50a6
0x70c14...5be7
0xdf6f9...9d20
0x3d54a...ca6d
0x711fe...2e97
0x2750a...0a23
0x5cf1d...9fc7
0x0d4ce...f887
0x1504f...ce47
0xbd7af...1c42
0xd228f...bec6
0x81059...9be6
0x77660...8b72
0xd2039...9ac4
0xbfc29...ba49
0x9111c...9a50
0x6b986...65a8
0x513c0...3f66
0xf7615...710c
0xf4673...f6f3
0xe2d98...788c
0xfd924...db1e
0x9ab0b...cb50
0x6d940...4468
0x0f997...a201
0xc7822...b3b2
0xe9102...dc73
0x83708...ad99
0x3a22b...510e
0x9a40c...35c9
0x2ccda...4ff8
0x9e308...df31
0x91b3d...b1b9
0xf7808...82ad
0x6e20a...2504
0x1d507...3ae6
0x6732b...b22f
0x1a3c6...9daf
0x5cc62...300c
0xda9e6...da9a
0xf9de9...958e
0xafec9...cfc1
0xc8656...91cc
0xddb55...0adb
0xa866a...dd34
0xe2d5d...d1ea
0x647b4...2d42
0x7ef74...f788
0x263b5...6d9a
0x7ef59...1eea
0x1eb55...f11b
0x03e0b...e8fd
0x20953...433c
0x4f64d...235b
0x25a05...0546
0x7dd33...ea93
0x3a4cf...3e1e
0x25ca7...9450
0x4e336...eeb4
0xac5ec...ba7a
0x14e6f...41f1
0x7f7b2...f07a
0xe45e1...1524
0x5a061...cf2c
0xdb77f...cd25
0xeb5b8...d9b5
0xd10b0...709d
0xc0bf0...7eb5
0x3e2c8...5f04
0xc7dd3...f1ac
0xb70c2...a6e8
June 2023