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/biz/ - Business & Finance

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24555188 No.24555188 [Reply] [Original]

Some quick metrics before we dive deep into idle.

660k marketcap
350k circulating supply.

Idle is a decentralized rebalancing protocol that allows users to automatically and algorithmically manage their digital asset allocation among different third-party DeFi protocols. You can choose to maximize your interest rate returns through our MaxYield strategy or minimize your risk exposure through our RiskAdjusted allocation strategy.Idle connects with Compound, Aave, dYdX, Fulcrum, and DSR, and supports DAI, USDC and USDT. Security is fundamental at Idle, meaning that our products will only connect to protocols that are audited by a top security firm and battle-tested in terms of time in market and digital assets locked. To add more security, we passed through multiple audit reviews and we use DeFiScore risk assessment to evaluate the risk across DeFi protocols.When utilizing the Idle protocol, a user supplies capital for lending as a part of Idle’s non-custodial smart contract pools; the protocol will automatically rebalance the pool’s current allocation to achieve optimized interest rates, based on the strategy.

Has so big money behind it and is partnered with some really big companies. I expect a $50mill marketcap by the end of December. That's just under a 75x from current price. I'm excited to say the least.
Andre cronjes tweet about idle.
twitter.com/AndreCronjeTech/status/1225529557542895616?s=19


www.dextools.io/app/uniswap/pair-explorer/0x29a9777da2bacd8c4a28b6fd8247c4ca4f098f12

T.me/idlefinance

Idlefinance.medium.com/idle-governance-is-live-9b55e8f407d7

>> No.24555198
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>> No.24555481
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Oh shit. Andre did tweet about this. Ahah.

>> No.24556014

Can anyone confirm if Harvest finance really is already in with 9M ????

>> No.24556110

>>24556014
Yep. Harvest was giving 50% APYs with stables through Idle yesterday.

https://twitter.com/idlefinance/status/1333878807992922117?s=19