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Idle Finance
Idle Finance is a yield automation protocol that provides optimized lending strategies for digital assets. It allows users to earn interest through various products like Pareto for overcollateralized lending and integrations with platforms like Lido for liquid staking. The protocol emphasizes security with multiple audits and a bug bounty program.
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Description
Idle Finance, now operating as Pareto, is a yield automation protocol offering leveraged yields through various strategies. It features products like Pareto for overcollateralized lending, Steakhouse Financial for crypto & RWA-secured lending, and Lido for liquid staking. The platform showcases a significant Total Value Locked (TVL) and generated yield, backed by investors such as Consensys, Gumi Cryptos, and Fasanara. Security is emphasized through multiple audits from firms like Quantstamp, Certik, and Consensys Diligence, complemented by a $100K bug bounty program. Idle Finance is a decentralized protocol dedicated to bringing automatic yield optimization to the interest-bearing tokens economy. It offers a platform for users to automatically and algorithmically manage their digital asset allocation among different lending protocols to get the optimal interest rates. The protocol serves both individual users looking to maximize their returns on stablecoins and other digital assets, as well as institutional clients and other DeFi protocols that can integrate Idle's strategies. Idle's core products include Best-Yield and Risk-Adjusted allocation strategies, which cater to different risk appetites. The protocol is governed by the Idle community through the $IDLE token.Grant Funding
VC Funding
OP
$269K
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