Idle DAO
Published in

Idle DAO

Idle raises $1.2M to scale its Yield Optimization Protocol

The Idle Labs team has been building, researching, and immersed in DeFi since its earliest days. By exploring structured products and cross-protocols interactions, we came up with a powerful rebalancing framework that enables any pool to automatically optimize capital allocation based on users’ risk profiles.

Idle protocol started as a hackathon project in the summer of 2019 and then selected by Consensys’ Tachyon accelerator program. During the program, we had the chance to get in touch with a great community to bounce ideas with and share knowledge and advice with many leading players in the Ethereum ecosystem.

Our Mission

Idle aims to rewrite the relationship between people and what we traditionally call saving.

Our Investors

We couldn’t be more excited to also share the closing of our seed round to expand Idle’s range of services and improve the way users maximize returns and optimize risk exposure across DeFi protocols.

The financing was led by gumi Cryptos Capital with participation from industry leaders like Richard Ma from Quantstamp, TheLAO, Dialectic, BlockRock Capital, Greenfield One, LongHash Ventures, and other DeFi-angels like Jack Herrick, Josh Hannah, Qiao Wang, and Imran Khan.

Rui Zhang, VP at gumi Inc. & GP at gumi Cryptos Capital

Ryan Zurrer, Dialectic

Enhancing Protocol Growth

We believe in an open development process and transparency of protocol plans. Raised funds will be mainly used to foster the growth of the ecosystem, supporting the improvements voted by the community and acting as an amplifier of governance decisions.

Higher engagement can be achieved by organizing periodic community roundups, joining hackathons to help through advisory early-stage projects that embed Idle’s concept, or by connecting multiple service providers with available UIs.

We believe that the DeFi market can accelerate its growth by opening the doors to professional funds; such entities can inject capital orders of magnitude higher than the current volumes, but they are hesitant to join the decentralized finance ecosystem due to its complexity and instability. The maturity of this market can be achieved through high-security standards and legal frameworks, to foster the evolution into a global industry. In this contest, Idle has the ambitious vision to be the gateway to drive financial markets into cutting-edge yield-generating protocols.

Wrap Up and Next Steps

Here a recap of our latest activities:

  • Idle has been listed on DefiLlama;
  • We released the blog post about the new Early LPs program;
  • The update on Idle Governance will be revealed next week.

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:

To follow our updates, new releases, and monthly reports, subscribe to our newsletter. If you have any questions, feel free to ask us on Twitter, Discord, or Telegram.



Idle DAO is a decentralized organization that builds financial products for Web3. We believe that everyone deserves the best for their idle funds, both in terms of returns and risks.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Idle Finance

Earn the yield you deserve without worrying about finding the best option, whether you want to optimize returns or risks.