# \[IIP-30\] Assets BY delisting, BY yield sources update, Governor update **URL:** \ **Category:** ⛓ IIPs\ **Created:** [January 3, 2023, 3:50pm UTC](https://gov.pareto.credit/t/iip-30-assets-by-delisting-by-yield-sources-update-governor-update/1098 "2023-01-03T15:50:10Z")\ **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:** [January 3, 2023, 3:50pm UTC](https://gov.pareto.credit/t/iip-30-assets-by-delisting-by-yield-sources-update-governor-update/1098/1 "2023-01-03T15:50:10Z")
The IIP-30 considers three proposals already discussed and presented in the [IIP-29](https://gov.pareto.credit/t/iip-29-assets-by-delisting-by-yield-sources-update-governor-update/1096). The IIP-29 didn’t reach the quorum to be executed on-chain. > [@\[IIP-29\] Assets BY delisting, BY yield sources update, Governor update](https://gov.pareto.credit/t/iip-29-assets-by-delisting-by-yield-sources-update-governor-update/1096/1): > > ### Authors > > Treasury League and Development League > > ### Summary > > This proposal focus on three initiatives: > > 1. Delist RAI, SUSD, TUSD and FEI from the Best Yield strategy and from the IDLE liquidity mining distribution. > 2. Update the yield sources of the Best Yield strategy: remove the Senior Clearpool USDC PYTs and the Senior Clearpool DAI PYTs from the idleUSDC BY and idleDAI BY respectively. > 3. Update the Governor voting delay following the Immenufy bug bounty. > > ## Rationale > > ### 1. Delist RAI, SUSD, TUSD and FEI from the BY strategy and from the IDLE LM distribution > > For a comprehensive analysis of the initiative, we suggest visiting the related governance forum posts > > - Strategies revamp: unused assets wind down → [Forum post](https://gov.pareto.credit/t/strategies-revamp-unused-assets-wind-down/1055) > - Strategies revamp: unused assets wind down II → [Forum post](https://gov.pareto.credit/t/strategies-revamp-unused-assets-wind-down-ii/1090) > > > [@Strategies Revamp: unused assets wind down](https://gov.pareto.credit/t/strategies-revamp-unused-assets-wind-down/1055/1): > > > > Both BY and PYTs strategies require a good deal of ongoing bandwidth to ensure users have a quality experience. Idle Leagues have been monitoring the performances of the strategies (as reported in the [M2-22 report](https://2235025969-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-Lw-v0NTae0RVW1spR9R%2Fuploads%2F2ATYYtmXa6X6sRUxMkqG%2FM2-2022%20Performance%20Report.pdf?alt=media&token=bb721bc4-d4ff-44bb-990c-f1a80510225c)), and due to low profit margins or other externalities (eg [FEI dissolution](https://tribe.fei.money/t/tip-121-proposal-for-the-future-of-the-tribe-dao/4475)) we decided to keep in the main dashboard only the strategies with the most traction and efficiency. > > > [@Strategies revamp: unused assets wind down II](https://gov.pareto.credit/t/strategies-revamp-unused-assets-wind-down-ii/1090/1): > > > > Following the recent decision of the Aave’s community (see [Aave’s AIP-121](https://app.aave.com/governance/proposal/?proposalId=121)) > > > > […] > > > > We plan to update the assets listed in the Idle Best Yield accordingly, i.e. remove sUSD and RAI. > > > > In addition, we plan to delist TUSD tokens. These three assets have never reached a sufficient level of traction to justify the rebalance costs incurred by Idle DAO’s smart contracts. > > > > This initiative aligns with the previous proposal to delist FEI and other PYTs tokens. > > > > […] > > > > These four tokens won’t be anymore listed in the main UI under Best Yield, and deposits will no longer be available. > > We will remove accordingly these tokens from the list of eligible assets receiving the IDLE incentives as part of the Liquidity Mining program distributed to the Best Yield strategies. > > ### 2. Update the yield sources of the Best Yield strategy > > Through [IIP-26](https://gov.pareto.credit/t/iip-26-clearpool-pyts-as-a-new-yield-source-for-by-wintermute/1057/3) and [IIP-27](https://gov.pareto.credit/t/iip-27-clearpool-pyts-as-a-new-yield-source-for-by-folkvang/1079/11), Idle DAO approved the Clearpool Senior PYTs as new yield sources, in addition to Aave and Compound, for the BY’s USDC and DAI markets > > > [@\[IIP-26\] Clearpool PYTs as a new yield source for BY - Wintermute](https://gov.pareto.credit/t/iip-26-clearpool-pyts-as-a-new-yield-source-for-by-wintermute/1057/1): > > > > IIP-26 actions: > > > > - Add Senior tranche of cpWIN-USDC PYT as a new yield source for idleUSDC Best Yield strategy > > > > Together with the above action, IIP-26 will set a new wrapper contract for the Clearpool USDC pool: `0xdb1b149177b5819cf467ad6519cf55416789300a` > > > [@\[IIP-27\] Clearpool PYTs as a new yield source for BY - Folkvang](https://gov.pareto.credit/t/iip-27-clearpool-pyts-as-a-new-yield-source-for-by-folkvang/1079/1): > > > > IIP-27 actions: > > > > - Add Senior tranche of cpFOL-DAI PYT as a new yield source for idleDAI Best Yield strategy > > > > […] > > > > Together with the above action, IIP-27 will set a new wrapper contract for the Clearpool Folkvang DAI pool: `0x67e78ED1cC4732816816A62F2e99CDC5CfaAc06E` > > Following the FTX collapse, both borrowers, i.e. Wintermute for the USDC market and Folkvang for the DAI one, fully repaid their loans to reduce their market exposure (i.e. utilization rate = 0%). > > Removing these two markets from the Best Yield strategies yield source base will reduce computational complexity and gas costs in managing the allocation, harvesting and movement of funds. These markets could be later added again to the Idle Best Yield if the utilization rate will increase. > > ### 3. Update the Governor voting delay following the Immenufy bug bounty. > > A white hacker discovered a very low vulnerability on a parameter of the [`GovernorBravo` contract](https://etherscan.io/address/0x3D5Fc645320be0A085A32885F078F7121e5E5375) and reported it to [Immunefy](https://immunefi.com/bounty/idlefinance/). We will then update one parameter to increase the Governor voting delay, after a proposal is launched, from 1 to 100 blocks. > > ## Specifications > > The code for the IIP-29 can be found on GitHub [here](https://github.com/Idle-Finance/idle-proposals/blob/iip-29/scripts/iip-29.ts) and consists of seven actions > > IIP-29 actions: > > - 4 actions to delist four idleTokens from IDLE BY distribution: RAI, SUSD, TUSD and FEI > - 1 action to remove cpWIN from idleUSDC BY > - 1 action to remove cpFOL from idleDAI BY > - 1 action to increase the Governor voting delay from 1 to 100 blocks (Immunefy bounty) > > The following BY tokens will be removed from the [`IdleController`](https://etherscan.io/address/0x275DA8e61ea8E02d51EDd8d0DC5c0E62b4CDB0BE): > > - idleRAI - [`0x5C960a3DCC01BE8a0f49c02A8ceBCAcf5D07fABe`](https://etherscan.io/address/0xf52cdcd458bf455aed77751743180ec4a595fd3f) > - idlesUSD - [`0xF52CDcD458bf455aeD77751743180eC4A595Fd3F`](https://etherscan.io/address/0xf52cdcd458bf455aed77751743180ec4a595fd3f) > - idletUSD - [`0xc278041fDD8249FE4c1Aad1193876857EEa3D68c`](https://etherscan.io/address/0xc278041fdd8249fe4c1aad1193876857eea3d68c) > - idleFEI - [0xb2d5CB72A621493fe83C6885E4A776279be595bC](https://etherscan.io/address/0xb2d5CB72A621493fe83C6885E4A776279be595bC) ### Next Step The temperature checks for the idleTokens removal have already been voted. Consequently, we won’t open a new temperature check to vote on the GovernorBravo fix and the Clearpool markets removal. The on-chain voting pools will be opened right after the publication of this post. ---
**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:** [January 3, 2023, 4:09pm UTC](https://gov.pareto.credit/t/iip-30-assets-by-delisting-by-yield-sources-update-governor-update/1098/2 "2023-01-03T16:09:06Z")
### On-chain Voting Phase ![image](https://canada1.discourse-cdn.com/flex031/uploads/idle/original/1X/25803609d3b55bf3753d06927b9c443cbb69ed13.jpeg) ✍ Cast your on-chain $IDLE vote here: [HERE](https://www.tally.xyz/gov/eip155:1:0x3D5Fc645320be0A085A32885F078F7121e5E5375/proposal/30) 🗓 End date: 2023-01-06T06:30:00Z ✍ $IDLE stakers (stkIDLE holders) can vote here: [HERE](https://snapshot.org/#/staking.idlefinance.eth/proposal/0x035778d8293686cc68606482b7e4ccd60c5b4571c2368ca19c8fcc8bbab1c696) 🗓 End date: 2023-01-05T18:00:00Z The threshold to make the off-chain poll valid (both metrics should be reached): - 20% of circulating stkIDLE voting the poll (min. ~141,242 stkIDLE) - at least 70% on the same option. The [stkIDLE voting calculator](https://docs.google.com/spreadsheets/d/1BnH9boRmBADuyquvDMh0AmQfF97Zj76sIENKtySLU8o/edit?usp=sharing) will be used to calculate the final results. Make sure you have been [delegated](https://gov.pareto.credit/t/delegation-board/1049/5) to participate in this voting round. ---
**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:** [January 6, 2023, 10:36am UTC](https://gov.pareto.credit/t/iip-30-assets-by-delisting-by-yield-sources-update-governor-update/1098/3 "2023-01-06T10:36:12Z")
### Voting results and IIP queuing IIP-30 passed with 1,367,700 $IDLE votes in favour and will be soon queued for execution 🎉 ![image](https://canada1.discourse-cdn.com/flex031/uploads/idle/original/1X/17366f4829c54b7444d8b64a355eb1efce1ecf46.jpeg)