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Idle 3.0: here comes the new version of the platform
Idle 3.0: here comes the new version of the platform
Defi

Idle 3.0: here comes the new version of the platform

By Alfredo de Candia - 19 May 2020

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Yesterday arrived the long-awaited update of Idle.finance with version 3.0. This platform allows to always get the best interest on the different protocols.

The project, born in August of last year, has immediately found wide consensus partly thanks to a simple interface and the integration of different protocols such as Compound, Fulcrum and Aave. Idle has already locked almost 400 thousand DAI.

About Idle version 3.0.

A change made by Idle version 3.0 involves the dashboard, which follows the same winning line that has been very much appreciated by users who have been able to experience the interests that have touched 15% on DAI and 120% on USDC, even surpassing the different underlying protocols and becoming the leading platform in this respect.

The platform guarantees the best interest on the basis of the lending protocols used: it is basically a sort of aggregator of the different lending dApps.

In version 3.0 of Idle, new protocols such as dYdX and the DSR of Maker DAO have also been added, while as far as the assets that can be lent are concerned, in addition to DAI and USDC, USDT has been introduced and sUSD will also be added later.

As far as security is concerned, the platform has been audited by Quantstamp and ConsenSys Diligence; there is also insurance covering up to $35,000 of losses, provided by Nexus Mutual.

This is only the beginning of this project and other features will be implemented in the future, such as a decentralized exchange (DEX) aggregator, the implementation of AMM pools, greater insurance and much more.

Decentralized Finance (DeFi) doesn’t hint at stopping, the tools and platforms in this area are growing and improving every day. The team behind Idle is all Italian, which continues to prove that Italy is also a reference point in the DeFi world.

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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