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Idle DAOIdle DAOby0xf27d7e8E96e891D77F42E1d88dA872A1cFaFe91a0xf27d…e91a

[Temperature check] - Idle Which token should $IDLE stakers be rewarded in?

Voting ended over 4 years agoSucceeded

The initial snapshot here for selecting the staking reward (a multichoice poll) seems to have a bug that causes vote duplication when a user selects multiple options, we made a test with a wallet with 0.09 IDLE and it was counted twice. Since there’s indecision between IDLE and WETH in the poll, and Snapshot multi-choice is not working correctly (it duplicates the votes), we are willing to start a Scattershot poll extension with the same options. In this way we want to give tokenholders more flexibility for expressing their opinion on the reward token for IDLE staking. We also noticed a couple of address changing the vote during the poll, so we expect this can help better gauge the real sentiment of tokenholders.

This proposal is for the upcoming single token staking for $IDLE. The community is encouraged to vote on their preferred token for distributing protocol fees to stakers. This topic is discussed in the forum here: https://gov.idle.finance/t/staking-reward-token/527

The results of this snapshot vote will be implemented into the upcoming staking contract.

The options are:

  • $wETH - Fees will be distributed from the feeCollector in wETH to stakers.
  • $IDLE - Fees will be exchanged into $IDLE and distributed to stakers.
  • $stkIDLE - Fees will be exchanged into $IDLE and added to stakers locked balance.
  • idleUSDC/idleDAI - Fees will be exchanged into a stablecoin, then wrapped into the idle best yield strategy, which can then be distributed to stakers.
  • IDLE/ETH SLP - Fees will be deposited into a sushiswap IDLE/ETH pool and the LP tokens will be distributed to stakers.

Off-Chain Vote

wETH
5.43K 100%
IDLE
0 0%
stkIDLE
0 0%
idleUSDC/idleDAI
0 0%
IDLE/ETH SLP
0 0%
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Timeline

Jun 11, 2021Proposal created
Jun 11, 2021Proposal vote started
Jun 13, 2021Proposal vote ended
Oct 26, 2023Proposal updated