# Glossary

This section lists part of the frequently seen terms used in the Idle Docs, related to Idle protocol and Governance.

<table><thead><tr><th width="150">Term</th><th>Description</th><th data-hidden></th></tr></thead><tbody><tr><td><strong>$IDLE</strong></td><td>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</td><td></td></tr><tr><td><strong>Best-Yield strategy</strong></td><td>It allows users to optimize interest rate profitability and seamlessly get the highest yields across lending protocols</td><td></td></tr><tr><td><strong>Perpetual Yield Tranches</strong></td><td>Polls of different underlying tokens merged together offering different risk-return profiles (Senior vs Junior tranches)</td><td></td></tr><tr><td><strong>Idle pool</strong></td><td>Funds represented by only one asset and invested in a strategy (e.g. DAI in Best-Yield strategy)</td><td></td></tr><tr><td><strong>IdleTokens</strong></td><td>Tokens minted during deposits, that represent the underlying assets plus the interests (e.g. <em>IdleDAIBestYield</em>, <em>IdleUSDCBestYield</em>, <em>IdleUSDTBestYield</em>)</td><td></td></tr><tr><td><strong>Proposal</strong></td><td>It is how ideas are implemented into the Idle protocol. Proposals start as ideas in the Forum, become IIP, and then on-chain Proposals</td><td></td></tr><tr><td><strong>IIP</strong></td><td>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</td><td></td></tr><tr><td><strong>Delegation</strong></td><td>Providing voting rights to any Ethereum address that votes on your behalf</td><td></td></tr><tr><td><strong>Self-delegation</strong></td><td>Assigning the voting rights to yourself</td><td></td></tr><tr><td><strong>Liquidity Bootstrap Program</strong></td><td>Distribution of $IDLE tokens to liquidity providers</td><td></td></tr><tr><td><strong>Liquidity Mining Program</strong></td><td>Distribution of $IDLE tokens to liquidity providers for 23 months, starting from December 26th, 2020.</td><td></td></tr><tr><td><strong>Early LPs</strong></td><td>Users that provided liquidity before November 1st, 2020</td><td></td></tr><tr><td><strong>Fiat on-ramp</strong></td><td>Tools to buy tokens with bank accounts or credit cards</td><td></td></tr><tr><td><strong>Idle Forum</strong></td><td>Discourse forum that collects the discussions related to Governance and protocol improvements</td><td></td></tr><tr><td><strong>Idle Snapshot</strong> </td><td>This interface allows community members to signal their voting sentiment regarding a possible proposal</td><td></td></tr><tr><td><strong>Governance Dashboard</strong></td><td>The interface that allows community members to cast votes on-chain and determine if an IIP will be approved or not</td><td></td></tr><tr><td><strong>Temperature Check</strong></td><td>A method to taste the sentiment of the community about a potential change. Used at the early stage of the off-chain Proposal process</td><td></td></tr><tr><td><strong>Pending State</strong></td><td>The period immediately after that a proposer deploys on-chain the Proposal</td><td></td></tr><tr><td><strong>Voting phase</strong></td><td>The period when IDLE token holders cast their vote “For” or “Against”</td><td></td></tr><tr><td><strong>Execution phase</strong></td><td>The period when the Proposal is implemented or rejected</td><td></td></tr><tr><td><strong>Grant</strong></td><td>Allocation of crypto to selected contractors to code a protocol’s change. Grant Proposals are launched when Proposals don’t come with executable code</td><td></td></tr><tr><td><strong>Bounty request</strong></td><td>A request of funds to execute self-proposed tasks</td><td></td></tr></tbody></table>


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