Governance > Idle DAO > $IDLE token > Distribution
The IDLE distribution (via the LPs Fund) is broken down into three different programs:
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 affects the rewards distribution of Senior PYTs.
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 PYTs.
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
0x107A369bc066c77FF061c7d2420618a6ce31B925which is managed by the governance.
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
IdleControllercontract, 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
PriceOraclewhich 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
refreshIdleSpeedsshould be called from time to time.
Funds for the Liquidity Mining and the Liquidity Bootstrap programs have been sent to the
Reservoircontract which progressively unlocks IDLE rewards for the
IdleController. In order to transfer unlocked IDLE from the
IdleControllerthe Reserve contract should be poked by calling the
dripmethod. Gauges rewards are distributed through the
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: