Tranching yields while improving RAI Curve liquidity with Idle Perpetual Yield Tranches: vote is on

RAI is currently running to be integrated into the Idle Perpetual Yield Tranches (PYT) and voting starts on Thursday the 20th!

Idle Leagues designed a listing tournament for $IDLE holders to select the next assets that will be integrated into Idle PYT, using Convex as the underlying yield source.

The 5 winners will be selected through playoff & final rounds! RAI is located in playoff #3.

:chart_with_upwards_trend: Benefits for Reflexer
The product provides an additional gateway to provide liquidity into Curve and Convex, reducing slippage and improving the resilience against asset fluctuation.

With Perpetual Yield Tranches, LPs can earn a higher share of yield by taking a higher percentage of risk (with Junior Tranche), or they can hedge the risk by depositing their assets into a built-in protected tranche (with Senior Tranche).

Furthermore, PYTs can be integrated by other applications like APWine, a protocol that allows users to speculate on the evolution of the generated yield.

:bookmark_tabs: How it works
The initial phase represents the playoff, where the top5 most voted assets for each snapshot will be elected to go to the grand final. At the end of the playoff season, token holders will select 15 assets. Then, the top5 most voted assets during the finals (out of 15 candidates) will win the contest and get their Perpetual Yield Tranches live and running.


:alarm_clock: Timeline

  • January 20th: contest kickoff

  • January 20th to January 27th: Playoffs

  • January 27th to February 3rd: finals

In order to increase the chances to get your pool voted, join our Forum and connect with our community. DAO2DAO proposals are welcome too!

Further information can be found in the Idle Forum: Tranches Battle: choose which asset integrate next - šŸ§© Protocol & DAO - Idle

Best of luck! :four_leaf_clover:

1 Like

PYT listing competition is live and some votes started flowing into RAI!

Check the status here:

Till now, lots of DeFi communities like mStable, Angle Protocol, Alchemix joined the forum conversation and received votes, Iā€™m sure Reflexer will not miss that opportunity.

There is also an ongoing discussion to route 30%-50% of the current liquidity mining into Senior Tranches, distributed using the Gauges model (Curve-like). If that model will be implemented, listed assets will also benefit from on-top incentives.

Good luck!

Congrats guys, RAI reached the finals! :partying_face:

Results are available here.

Final round will start on Monday, and last for 7 days. Top5 assets (out of 15 candidates) will get integrated into Idle PYTs.

Good luck :crossed_fingers: