Early LPs — Highlander Program
Early LPs Fund is now doubled, more power to Idle’s highlanders
We are approaching the phase where Idle token holders will progressively replace the core team in the administration and development of Idle protocol.
When we unveiled the governance model, we received meaningful feedback about the role of the community and the historical users in the future of the project.
This is why we changed the distribution, marking the importance of LPs and loyal users that supported our protocol since the beta release.
The Early LP Fund, previously set at 2%, has now been increased to 4% of the total supply [520,000 IDLE]. These tokens are not subject to vesting or lock-up. This is our way to say thank you and strengthen the relationship with our beloved community.
LPs that joined the previous versions (v4, v3, v2) will receive rewards proportionally weighted to the liquidity since the launch of v2 [in total 500,000 IDLE]. The program end date is November 1st, 2020, at 11:59pm GMT.
A fixed reward [in aggregate, 20,000 IDLE] has been allocated to our beta users that provided liquidity to Idle v1 (since Aug 2019).
In aggregate, 944 addresses interacted with Idle protocol and will be eligible to receive such rewards.
Important notice: investors have 90 days after the upcoming launch of the governance to redeem the claimable tokens through the Early LPs Fund program.
A repo with all instructions and queries to reproduce the results has been published here:
https://github.com/Idle-Labs/idle-gov-distribution
Here you can browse the full list of addresses and amounts:
https://github.com/Idle-Labs/idle-gov-distribution/blob/master/output/token-distribution.csv
Wrap Up and Next Steps
Here a recap of our latest activities:
- Idle started a partnership with CryptoLocally, to provide optimized yield to users via their p2p exchange;
- The team is securing funds to scale its Yield Optimization Protocol, an official announcement is in progress;
- The update for distribution models and users’ programs in Idle Governance will be revealed soon.
Stay in the loop
We’re building Idle for the Ethereum ecosystem and its great community. We’d love for you to be part of our development process.
Here you can find our documentation: developers.idle.finance
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