IDLE Coin Price & Market Data
IDLE price today is $4.04 with a 24-hour trading volume of $310,338. IDLE price is up 0.9% in the last 24 hours. It has a circulating supply of 1.7 Million IDLE coins and a total supply of 13 Million. If you are looking to buy or sell IDLE, Sushiswap is currently the most active exchange.
Idle is a decentralized yield platform on the Ethereum platform that uses automated rebalancing among DeFi protocols in order to optimize return to for its users. Users are allowed the option to choose between high risk, high return (max yield) or adjust to a lower risk using the RiskAdjusted allocation strategy.
What protocol does Idle currently supports?
In order to maximize yield, Idle algorithmically rebalances between different DeFi protocols such as Compound, Aave, dYdX, and Fulcrum. It current supports USDC, USDT, and DAI. In order to minimize risks, DeFi protocols are carefully curated based on their audit and time-tested track records
What does the IDLE token do?
IDLE token is a governance token that was issued on November 26th, 2020 in order to give control of the protocol to its community through a DAO. An Idle Improvement Proposal can be created by those who holds or being delegated at least 1% of IDLE token supply.