# IDLE incentives distribution update IV **URL:** \ **Category:** 🧩 Protocol & DAO\ **Created:** [August 30, 2023, 2:21pm UTC](https://gov.pareto.credit/t/idle-incentives-distribution-update-iv/1186 "2023-08-30T14:21:38Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![Biaf](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.pareto.credit/biaf/32/213_2.png) [@Biaf](https://gov.pareto.credit/u/Biaf)\ **Post date:** [August 30, 2023, 2:21pm UTC](https://gov.pareto.credit/t/idle-incentives-distribution-update-iv/1186/1 "2023-08-30T14:21:38Z")
### Author Treasury League ### Background - [$IDLE token](https://docs.idle.finance/governance/idle) - [Governance Mining program](https://gov.pareto.credit/t/idle-dao-governance-mining/990) - Jun 2022 - [$IDLE incentives distribution update 1](https://gov.pareto.credit/t/idle-incentives-distribution-update/1030) - Aug 2022 - [$IDLE incentives distribution update 2](https://gov.pareto.credit/t/idle-incentives-distribution-update-v2/1104) - Jan 2023 - [$IDLE incentives distribution update 3](https://gov.pareto.credit/t/idle-incentives-distribution-update-v3/1149) - Apr 2023 ### Summary A proposal to discuss the extension of the $IDLE incentivization, aka the Liquidity Mining, program on Best Yield vaults. ## Rationale _For a comprehensive analysis of the Liquidity Mining program, please refer to the previous forum post β€œ[$IDLE incentives distribution update 3](https://gov.pareto.credit/t/idle-incentives-distribution-update-v3/1149)”_. In [April 2023](https://gov.pareto.credit/t/idle-incentives-distribution-update-v3/1149), the Idle DAO decided to extend the Liquidity Mining program for three months at 250 IDLE/day for the Best Yield vaults > [@IDLE incentives distribution update III](https://gov.pareto.credit/t/idle-incentives-distribution-update-iii/1149/1): > > ### 2. Continue the Liquidity Mining program for 3 months and update the distribution rate > > Another option is to extend for another 3 months program but adjust its distribution rate. > > - From 500 to 250 IDLE/day for the next 3 months > > The IDLE needed to fund this extension can be taken from the [Ecosystem fund](https://etherscan.io/address/0xb0aa1f98523ec15932dd5faac5d86e57115571c7). > > This emission rate would affect minimally the rewards return for the BY strategy (+0.1% at current prices). The last wave of the IDLE incentivization campaign should have ended around mid-August\*. Leagues noted instead that the effective distribution rate was lower than the expected one and that there are still some IDLE funds available, ~76k, that can further extend the duration of the Liquidity Mining program. ## Proposals We will list three options as the next steps for the IDLE incentive program: ### 1. Continue the LM program for 6 months at 250 IDLE/day The Best Yield vaults have been incentivised through the Liquidity Mining program with different distribution rates (3205 β†’ 2215 β†’ 1000 β†’ 500 β†’ 250 IDLE/Day). One option is to continue at the last distribution rate set. - 250 IDLE/day for the next 6 months At this distribution rate, the 76k IDLE would guarantee around 10 months of rewards distribution. Idle Leagues, anyway, suggest extending the program for 6 months and deciding later if to stop the campaign or continue until funds end. The IDLE tokens needed to fund this extension are already present, hence there isn’t a need to move any funds from the DAO treasury. From a business perspective > [@IDLE incentives distribution update III](https://gov.pareto.credit/t/idle-incentives-distribution-update-iii/1149/1): > > Extending the incentivization length of the LM program can be strategically smart to retain the current liquidity (mainly sitting in the DAI, USDC and USDT BY markets). Even more, now that the Best Yield and the Yield Tranches strategies can work synergetically. ### 2. Continue the LM program for 5 months at 500 IDLE/day Alternatively, the DAO can decide to continue the liquidity mining program and also adjust the distribution rate. For example, the `idleRate` could be set back to 500 IDLE/day. - From 250 to 500 IDLE/day for the next 5 months Such an increase would decrease the program length and slightly increase the selling pressure on the governance token. No IDLE funds will remain after this five-month extension. The IDLE tokens needed to fund this extension are already present, hence there isn’t a need to move any funds from the DAO treasury. ### 3. Pause the Liquidity Mining distribution One last option is to pause the Liquidity Mining program, aka set the `idleRate` at zero and use the tokens elsewhere. - From 250 to 0 IDLE/day From a DAO treasury perspective, this proposal, if approved, would impact minimally the selling pressure on IDLE and instead impact the integrators working on top of Idle. ## Next steps We would like to gather the sentiment of Idle DAO toward these proposals: 1. Continue the Liquidity Mining program for 6 months at 250 IDLE/day 2. Continue the Liquidity Mining program for 5 months at 500 IDLE/day 3. Pause the Liquidity Mining distribution This post will be open for discussion and if there are no objections, we will proceed with the Temperature Check. β€” \* For a matter of clarity, $IDLE incentives distribution happens on a per-block basis, hence some amount and calendar rounding have been applied. ---
**Author:** ![Biaf](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.pareto.credit/biaf/32/213_2.png) [@Biaf](https://gov.pareto.credit/u/Biaf)\ **Post date:** [August 30, 2023, 3:51pm UTC](https://gov.pareto.credit/t/idle-incentives-distribution-update-iv/1186/2 "2023-08-30T15:51:41Z")
### Temperature check voting The voting phase to decide how to continue the Liquidity Mining program starts now πŸ—³ ![image](https://canada1.discourse-cdn.com/flex031/uploads/idle/original/2X/4/4402549eeda338a77ae8539500892516d9bc2c6c.jpeg) - **Proposal 1** - Extend the Liquidity Mining program for 6 months at 250 IDLE/day - **Proposal 2** - Extend the Liquidity Mining program for 5 months at 500 IDLE/day - **Proposal 3** - Pause the Liquidity Mining program ➑ Poll for $IDLE holders: [HERE](https://snapshot.org/#/idlefinance.eth/proposal/0x8f5ae1a07cb7d2eda67403b77643799fe7d57be4067f4e08ff2daf8598c13904) ➑ Poll for $IDLE stakers (stkIDLE holders): [HERE](https://snapshot.org/#/staking.idlefinance.eth/proposal/0x45956840473e67cb0c8a03028f85e7dd99dc68c5599caffa529aafda1fd3b162) ⏰ Polls will close on 2023-09-02T16:00:00Z The final $IDLE voting weights will be calculated using the [approved calculator](https://docs.google.com/spreadsheets/d/1BnH9boRmBADuyquvDMh0AmQfF97Zj76sIENKtySLU8o/edit?usp=sharing). Looking to delegate your vote on Snapshot? Follow the official [Snapshot guide](https://docs.snapshot.org/guides/delegation). Let your vote count! ✍ ---
**Author:** ![Biaf](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.pareto.credit/biaf/32/213_2.png) [@Biaf](https://gov.pareto.credit/u/Biaf)\ **Post date:** [September 4, 2023, 10:14am UTC](https://gov.pareto.credit/t/idle-incentives-distribution-update-iv/1186/3 "2023-09-04T10:14:49Z")
### Temperature check results Temperature Check passed βœ… The DAO shared its preferences regarding the next step of the IDLE incentives distribution choosing - **Proposal 1** - Extend the Liquidity Mining program for 6 months at 250 IDLE/day ![image](https://canada1.discourse-cdn.com/flex031/uploads/idle/original/2X/e/e6067285a71254c4dae313281bb9df465cc9bd90.jpeg)