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Idle DAO

Decentralized Finance (DeFi)
Segments:
Borrowing and Lending, Infrastructure
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Product stage:
Early
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Idle DAO is a DAO governed using its native token IDLE, which offers a yield aggregation protocol that allows investors to access yields from multiple DeFi protocols such as Aave, Compound, and dYdX. Idle’s platform allows for automated rebalancing and consistently checks for better investment opportunities, along with the ability for investors to monitor and obtain insights on their portfolios.

Idle also provides the infrastructure for developers of decentralized apps to integrate DeFi yield products into their own apps. As of December 2021, Idle Finance had a total value locked (TVL) of USD 102 million. As of May 2021, its roadmap included plans to improve rebalancing workflows and onboarding processes, audit smart contracts, and create more products.

In November 2020, Idle raised USD 1.2 million in seed funding led by gumi Cryptos Capital. The funds were to be used to scale its platform and introduce new features.

Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

Key stats
Featured companies
246
Total funding (USD)
13.5 Bn
Total addressable market (USD)
67.3 Bn
Key competitors
 
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Product Overview
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Company profile
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EDGE Insights

The rise of the DAOs: decentralized digital boardrooms

Company Brief


HQ location:
New York NY USA
Founded year:
2019
Employees:
11-50
Total Funding:
USD 1.2 million
Last Funding
USD 1.2 million, Nov 2020

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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