Distribution
Governance > Idle DAO > $IDLE token > Distribution

The IDLE distribution (via the LPs Fund) is broken down into three different programs:
Gauges
Liquidity Mining
Long-term Rewards
Liquidity Bootstrap
Status: Live
This program will last 6 months and will use 30% of the $IDLE allocated to the liquidity mining program resulting in a 990 $IDLE/day distribution over a semester (178,200 $IDLE in total).
Currently, the Gauges system distributes rewards to Senior Perpetual Yield Tranches.
Status: Live
This program will last 2 years and is used to reward liquidity providers depending on the amount of funds deposited and the utility generated by the pool (APY of the pool); it will distribute 18% of the total supply (2'340'000 IDLE) on a per-block basis across all Idle Best Yield strategies.
Part of the funds devoted to liquidity mining for the BY strategy has been moved to the Gauges system of the Perpetual Yield Tranches.
Status: distribution voted by Idle DAO
This program is meant to reward long-term actors and liquidity providers of the Idle ecosystem. 20% of the total supply (2'600'000 IDLE) is allocated to this program.
The long-term distribution program won't start right at the governance launch, but 20% of the total supply has already been reserved and sent to the
LongLPFund
0x107A369bc066c77FF061c7d2420618a6ce31B925
which is managed by the governance.Status: Ended
This program distributed 3% of the total supply (390'000 IDLE) to liquidity during the first 30 days after governance inception. It has been based on the Liquidity Mining program with applied an x4 multiplier to the basic reward amount per block.
The Liquidity Mining program distributes $IDLE through the
IdleController
contract, which computes the utility generated by each BY strategy (idleDAI, idleUSDC, ...) and proportionally allocates the $IDLE rewards between all these pools.
To compute the utility generated by each strategy, the IdleController uses a PriceOracle
which reads data such as WBTC or COMP price (in USD) and uses it to compute the correct share of LM program distribution for each pool.
To update the distribution speeds, and effectively adjust the IDLE distribution for the strategies depending on current TVL and APYs, the public method refreshIdleSpeeds
should be called from time to time.Funds for the Liquidity Mining and the Liquidity Bootstrap programs have been sent to the
Reservoir
contract which progressively unlocks IDLE rewards for the IdleController
. In order to transfer unlocked IDLE from the Reservoir
to the IdleController
the Reserve contract should be poked by calling the drip
method.
Gauges rewards are distributed through the Distributor
contract.The governance is also responsible for managing the Ecosystem Fund
0xb0aA1f98523Ec15932dd5fAAC5d86e57115571C7
which represents 15% of the total supply (1'950'000 IDLE). This fund's purpose is to fund Idle DAO and its community.Additionally, 4% of the total supply (520'000 IDLE) has been reserved, at launch, to Early LPs through the Early Rewards contract
0xa1F71ED24ABA6c8Da8ca8C046bBc9804625d88Fc
. Early Rewards not claimed 90 days after launch (26th November 2020) have been automatically transferred to the Ecosystem Fund.
The remaining 40% of the supply is allocated in the following manner:
- Team + Future Team: 22.7% of the total supply (with a 3 years lockup: 33.33% unlocked after 1 year, 66.67% unlocked linearly for the next 24 months)
- Investors: 17.3 % of the total supply (with a 2 years lockup: 25% unlocked after 6 months, 75% unlocked linearly for the next 18 months)
Both lockup schedules started on Nov 26th 2020, and are enforced through the following smart contracts:
0x57d2A95BEa18Ad894c35CE2Ca89C5928F9b2F912
0x53967E3FfdAb0a0f2BcE097383C34eC0A3F0b0fE
0xAEcF9166E9A7EF0F1eD1d399336cb92754d24C4b
0x33ae303013a4D866683b35C0483AC6D613222005
0x43fDd8d3E17A4E40ef97FED432B488105E620316
0xd458632330Cc973F6dF36Ff576343E27060B4E77
0x49d85B42c9B74355f7a0De600fD336E46d739201
0x9201e5043d5f370B167CD4660941F0bE50C01736
0x9366b9D783901d7eF7c7042064c55b0bA851Bda6
0x317ABEF0674A3be3dc4442F189C89d89c14E70F8
0x2c22d3689C5c66B8FB44702c05e25649955b2DD3
0xEF5472af5F46538B9A929517D2E1442060A67f58
0xCc1b0617783E162511Eea716929d879d78945814
0x48856A3B565e985e6742102aD0e5b976D32386b5
0xce65b6C59CfB37FD95Fe881317e6F8Bfe7830DEB

The above $IDLE emission schedule does not take account of the Ecosystem Fund and the LongTerm LPs Program funds. Those will be deployed via an $IDLE community vote).
Last modified 8mo ago