LogoLogo
AddressesAuditsGitHub
  • 📥Introduction
  • 🌀Products
    • Introduction
    • Best Yield
      • Overview
      • Guides
        • Deposit funds on BY
        • Redeem funds on BY
      • FAQs
    • Yield Tranches
      • Overview
      • Adaptive Yield Split
      • Security
        • Covered risks
      • Guides
        • Deposit funds on YTs
        • Redeem funds on YTs
        • Live YTs guides
          • Lido stETH
      • FAQs
    • Fee structure
    • Get involved
      • Integrators program
      • Institutions program
  • 💻Developers
    • Introduction
    • Networks and codebase
      • Ethereum mainnet
      • Polygon
      • Kovan testnet
      • ERC-4626 standard
    • Best Yield
      • Architecture
      • Deployed contracts
        • Ethereum
        • Optimism
      • Interface
      • Methods
        • mintIdleToken
        • redeemIdleToken
        • redeemInterestBearingTokens
        • rebalance
        • tokenPrice
        • tokenPriceWithFee
        • getAPRs
        • getAvgApr
        • userAvgPrices
        • getGovTokensAmounts
        • getAllocations
        • getGovTokens
        • getAllAvailableTokens
        • getProtocolTokenToGov
      • Edge cases
      • Security management policy
      • Get integrated as yield source
      • Get user earnings
    • Yield Tranches
      • Architecture
      • Deployed contracts
        • Ethereum
        • Polygon zkEVM
        • Optimism
      • Interface
      • Methods
        • AAStaking
        • BBStaking
        • AATranche
        • BBTranche
        • depositAA
        • depositAARef
        • depositBB
        • depositBBRef
        • fee
        • getApr
        • getContractValue
        • getCurrentAARatio
        • getIncentiveTokens
        • lastNAVAA
        • lastNAVBB
        • strategy
        • strategyToken
        • token
        • trancheAPRSplitRatio
        • tranchePrice
        • virtualPrice
        • withdrawAA
        • withdrawBB
      • Integration example
      • Edge cases
      • Security management policy
      • Subgraph
    • API
    • Security
      • Hats Finance vault
      • Hypernative monitoring
      • Immunefi bug bounty
      • Integration Standard Requirements
      • Risk Framework
      • Smart contract audits
  • 🏛️Governance
    • Introduction
    • Idle DAO
      • Governance process
        • Governance forum
        • Governance dashboard
        • Snapshot IDLE
        • Snapshot stkIDLE
      • Idle Leagues
        • Communication League
        • Development League
        • Treasury League
        • Leagues contributors
      • Treasury
        • Reports
      • Governance guides
        • How to monitor off-chain voting pools
        • How to propose an IIP
        • How to create an on-chain proposal
        • How to delegate votes
        • How to vote for an IIP
      • FAQs
    • IDLE token
      • Distribution
      • Use cases
        • Lending, borrowing & collateral
        • DEXs liquidity provision
      • Buybacks
      • Delegates
      • CoinGecko
    • IDLE staking
      • Prime staking
        • Examples
      • Staking integration
      • Guides
        • How to stake your IDLE
        • How to vote in Gauges
        • How to boost your $IDLE rewards
        • How to give VEV
  • 🗂️Other
    • Brand assets
    • Guides
      • How to see IDLE in your wallet
      • Deposit funds through Idle
      • Deposit funds through smart contracts
      • Redeem funds through Idle
      • Redeem funds through smart contracts
    • FAQs
    • Glossary
    • Resources
    • Archive
      • 👇Get in touch
        • 🏛️Governance Forum
        • 🏆Idle Grants Program
        • 👾Discord
        • 🐦Twitter
      • Gauges
        • Architecture
        • Deployed contracts
        • Gauges repository
        • stkIDLE repository
      • Gauges
        • Gauges integration
        • FAQs
      • Boost
      • DEXs liquidity provison
      • Risk Adjusted (deprecated)
      • Deployed contracts
      • Idle Smart Treasury (deprecated)
      • Ethereum LP staking (deprecated)
      • Polygon LP staking (deprecated)
      • Flash Loans (deprecated)
      • QuickSwap cxETH-WETH
      • Integrate PYTs
      • Idle Grants program
      • Idle on Polygon
        • Add Polygon network to MetaMask
        • Bridge $IDLE to Polygon
        • Deposit funds on Polygon
        • Add liquidity to $IDLE pools
        • Stake IDLE LP tokens on Polygon
Powered by GitBook

Ecosystem

  • Website
  • App
  • Governance
  • Brand assets

Developers

  • Feedback
  • GitHub
  • Bug bounty
  • Audits

Community

  • Blog
  • Twitter
  • Telegram
  • Discord

Analytics

  • Stats
  • Dune
  • DeFiLlama
  • CoinGecko
On this page

Was this helpful?

  1. Governance
  2. IDLE token

Distribution

Governance > Idle DAO > IDLE token > Distribution

Last updated 1 year ago

Was this helpful?

The IDLE distribution (via the LPs Fund) is broken down into three different programs:

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 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 Distributorcontract.

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 year 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 year 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:

Team + Future Team
  • 0x06a44ce4A37DbA5a90267db93c144522d5C178f6

  • 0x9e5A7EeB2eB6BBb735c75075114090015040909F

  • 0xF1bD4d3f7E0172B9DAFCff91dEcD9F077ed01887

  • 0x2e56C44E571A8F926e2CD8CB247a7074559c64dc

Investors
  • 0x57d2A95BEa18Ad894c35CE2Ca89C5928F9b2F912

  • 0x53967E3FfdAb0a0f2BcE097383C34eC0A3F0b0fE

  • 0xAEcF9166E9A7EF0F1eD1d399336cb92754d24C4b

  • 0x33ae303013a4D866683b35C0483AC6D613222005

  • 0x43fDd8d3E17A4E40ef97FED432B488105E620316

  • 0xd458632330Cc973F6dF36Ff576343E27060B4E77

  • 0x49d85B42c9B74355f7a0De600fD336E46d739201

  • 0x9201e5043d5f370B167CD4660941F0bE50C01736

  • 0x9366b9D783901d7eF7c7042064c55b0bA851Bda6

  • 0x317ABEF0674A3be3dc4442F189C89d89c14E70F8

  • 0x2c22d3689C5c66B8FB44702c05e25649955b2DD3

  • 0xEF5472af5F46538B9A929517D2E1442060A67f58

  • 0xCc1b0617783E162511Eea716929d879d78945814

  • 0x48856A3B565e985e6742102aD0e5b976D32386b5

  • 0xce65b6C59CfB37FD95Fe881317e6F8Bfe7830DEB

The above IDLE emission schedule does not take into account the Ecosystem Fund and the LongTerm LPs Program funds. Those will be deployed via an IDLE community vote.

The governance is also responsible for managing the Ecosystem Fund 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 .

🏛️
0xb0aA1f98523Ec15932dd5fAAC5d86e57115571C7
0xa1F71ED24ABA6c8Da8ca8C046bBc9804625d88Fc
0x107A369bc066c77FF061c7d2420618a6ce31B925