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Idle DAOIdle DAOby0x394495a3800D1504b5686D398836BaEFEBd0C5B7emiliano.eth

Enable C.R.E.A.M on IdleUSDT Best Yield

Voting ended over 4 years agoSucceeded

Cream (http://cream.finance/) shows a good APR for USDT and Idle is already testing with IdleRAI the connector.

As we look for the continued growth of the Idle ecosystem, this will help to achieve this goal with:

  1. Helping the underlying lending protocols to reduce the pools stress. With re-allocation Idle helps to keep borrowing rates low and level the rates across the various platforms (Ecosystem Incentive)
  2. In the case one of the underlying protocols offer a low APR, Idle can try to offer to its own user still good yield switching on their behalf the allocation (Users Incentive)
  3. Diversification (Users Risks)

In addition, all the current integrators could benefit from it (Harvest, Yearn etc), attracting more capital

Further discussion in the forum at https://gov.idle.finance/t/enable-c-r-e-a-m-on-idleusdt-best-yield/486

This could be the first asset where we enable it, we can then proceed with other assets (DAI, USDC etc.)

Please cast your vote on one of the following options:

FOR: Proceed enabling Cream on USDT AGAINST: Not proceed with this proposal DISCUSS MORE: Discuss more

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Timeline

May 18, 2021Proposal created
May 18, 2021Proposal vote started
May 20, 2021Proposal vote ended
Oct 26, 2023Proposal updated