# Strategies revamp: unused assets wind down III

**URL:** <https://gov.pareto.credit/t/strategies-revamp-unused-assets-wind-down-iii/1124>\
**Category:** 🧩 Protocol & DAO\
**Created:** [February 20, 2023, 5:35pm UTC](https://gov.pareto.credit/t/strategies-revamp-unused-assets-wind-down-iii/1124 "2023-02-20T17:35:21Z")\
**Posts on this page:** 3\
**Page:** 1

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**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:** [February 20, 2023, 5:35pm UTC](https://gov.pareto.credit/t/strategies-revamp-unused-assets-wind-down-iii/1124/1 "2023-02-20T17:35:21Z")

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### Authors

Treasury League

### Summary

This proposal focuses on one key initiative:

- Remove the wBTC market from the Best Yield OG strategy.

### References

- [Strategies Revamp: unused assets wind down I](https://gov.pareto.credit/t/strategies-revamp-unused-assets-wind-down/1055)
- [Strategies Revamp: unused assets wind down II](https://gov.pareto.credit/t/strategies-revamp-unused-assets-wind-down-ii/1090)

## Rationale

Following the recent decisions of the DAO about some tokens unlisting from the BY and the PYTs, we would like to propose a delisting of the last token in the OG BY: the wBTC.

The new offering on [Best Yield](https://app.idle.finance/#/earn/best-yield) would then be:

- Senior BY: DAI, USDC, USDT and WETH
- Junior BY: DAI, USDC, USDT

This asset has never reached a sufficient level of traction to justify the rebalance costs incurred by Idle DAO’s smart contracts. The [fees generated](https://dune.com/queries/2023794) in the last 2 years on top of this market were minimal (~$300).

 ![](https://canada1.discourse-cdn.com/flex031/uploads/idle/original/2X/3/3a264028483fcee1caaed9b5abc4bf5d08dad444.png)

The wBTC token won’t be anymore listed in the main UI under Best Yield, and deposits will no longer be available. Users will still be able to redeem their funds from either the [beta version of our dashboard](https://beta.idle.finance/) or by interacting with the contracts on [Etherscan](https://docs.idle.finance/developers/best-yield/deployed-contracts).

### Next Step

This initiative aligns with the end goal to simplify the Idle product offering. Based on market demand, in the future, we may think to tranche a wBTC market with our PYT primitive or include this market in the leveraged strategies.

This post will be open for discussion, and in about 48 hours, if there are no objections, we will proceed with the Temperature Check.

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<div class="post-metadata">

**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:** [February 22, 2023, 5:18pm UTC](https://gov.pareto.credit/t/strategies-revamp-unused-assets-wind-down-iii/1124/2 "2023-02-22T17:18:18Z")

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### Temperature check voting

The voting phase for the wBTC delisting from the OG Best Yield starts now 🗳

 ![image](https://canada1.discourse-cdn.com/flex031/uploads/idle/original/2X/e/e87a6687f5fa881856f0de8c47ab3f38c0d7718e.jpeg)

- **For** - Agree with the asset delisting from the OG Best Yield strategy
- **Against** - Disagree with the asset delisting from the OG Best Yield strategy
- **Discuss more** - Discuss more the asset delisting from the OG Best Yield strategy

➡ Poll for $IDLE holders: [HERE](https://snapshot.org/#/idlefinance.eth/proposal/0x2e7d78fda7120018b6b5a090afcf4f19017b2932f7799b2314baac51537faf70)  
➡ Poll for $IDLE stakers (stkIDLE holders): [HERE](https://snapshot.org/#/staking.idlefinance.eth/proposal/0xe8367aa289aa015cfd366a45c76afcc41cac3c7c317f8174f4019819f770c3c1)

⏰ Polls will close on 2023-02-25T17:30:00Z

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! ✍

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<div class="post-metadata">

**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:** [February 27, 2023, 9:39am UTC](https://gov.pareto.credit/t/strategies-revamp-unused-assets-wind-down-iii/1124/3 "2023-02-27T09:39:59Z")

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### Temperature check results

Temperature Check passed ✅

The delisting of wBTC tokens from the Best Yield strategy will be paired together with other actions in the next IIP 🏗

 ![image](https://canada1.discourse-cdn.com/flex031/uploads/idle/original/2X/7/71bafd4bff6b073bd0c1a87e26912538604512a0.jpeg)