Glossary
Other > Glossary
This section lists part of the frequently seen terms used in the Idle Docs, related to Idle protocol and Governance.
Term
Description
$IDLE
Governance token (ERC-20) that allows the owner to propose and vote any proposals made by token holders, or delegate voting power to another address
Best-Yield strategy
It allows users to optimize interest rate profitability and seamlessly get the highest yields across lending protocols
Perpetual Yield Tranches
Polls of different underlying tokens merged together offering different risk-return profiles (Senior vs Junior tranches)
Idle pool
Funds represented by only one asset and invested in a strategy (e.g. DAI in Best-Yield strategy)
IdleTokens
Tokens minted during deposits, that represent the underlying assets plus the interests (e.g. IdleDAIBestYield, IdleUSDCBestYield, IdleUSDTBestYield)
Proposal
It is how ideas are implemented into the Idle protocol. Proposals start as ideas in the Forum, become IIP, and then on-chain Proposals
IIP
Idle Improvement Proposal is the post that allows the discussion of a structured proposal. It’s the last step before the on-chain voting phase
Delegation
Providing voting rights to any Ethereum address that votes on your behalf
Self-delegation
Assigning the voting rights to yourself
Liquidity Bootstrap Program
Distribution of $IDLE tokens to liquidity providers
Liquidity Mining Program
Distribution of $IDLE tokens to liquidity providers for 23 months, starting from December 26th, 2020.
Early LPs
Users that provided liquidity before November 1st, 2020
Fiat on-ramp
Tools to buy tokens with bank accounts or credit cards
Idle Forum
Discourse forum that collects the discussions related to Governance and protocol improvements
Idle Snapshot
This interface allows community members to signal their voting sentiment regarding a possible proposal
Governance Dashboard
The interface that allows community members to cast votes on-chain and determine if an IIP will be approved or not
Temperature Check
A method to taste the sentiment of the community about a potential change. Used at the early stage of the off-chain Proposal process
Pending State
The period immediately after that a proposer deploys on-chain the Proposal
Voting phase
The period when IDLE token holders cast their vote β€œFor” or β€œAgainst”
Execution phase
The period when the Proposal is implemented or rejected
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