Idle Finance Rebrands to Pareto and Announces Token Migration
Idle Finance Rebrands to Pareto and Announces Token Migration
🔄 Old Token, New Tricks
Idle Finance announced its rebranding to Pareto, transitioning from a yield aggregator to a credit coordination platform. The protocol has attracted $25M in committed TVL through Credit Vaults, with partners including Fasanara Digital, RockawayX, and Maven11 Credit. The $IDLE token will be sunset and migrated to $PAR, with a snapshot planned and new token launch targeted for Q1 2025. The new platform aims to streamline credit markets by reducing bureaucracy while maintaining compliance through KYC integration.
Credit Vaults are the perfect tool to bring a̵ ̵b̵i̵l̵l̵i̵o̵n̵ ̵u̵s̵e̵r̵s̵ institutions on-chain 🌉 With @KeyringNetwork’s KYC automation, LPs experience seamless onboarding and borrowers access compliant liquidity with ease
🔓 New Permissioned Credit Vault 🔓 Another one! @BastionTrading just launched a fixed-rate pool on @idlefinance. The credit vault is permissioned by Keyring Connect: Fully automated onboarding. ➡️ Get in touch keyring.network/contact
And here’s another Credit Vault in partnership with @BastionTrading A fixed-rate loan, channeling funds into derivatives and market-making strategies • 20% return including $ARB incentives • Asset & chain: USDT on @arbitrum • Redemptions: monthly medium.com/idle-finance/b…
Big news: Credit Vaults are coming (soon) on @arbitrum! 🚀 We’re expanding our on-chain private credit infrastructure to a new chain, empowering both borrowers and liquidity providers with cutting-edge solutions … and a reward program 🙊 Here’s what you need to know
A new proposal to rebrand and migrate $IDLE has been posted on the Idle DAO Governance Forum. The proposal outlines actions to boost growth for the protocol, the DAO, and its token. Details below ⤵️
Big news: Pareto Credit Vaults on @Optimism are just around the corner! 🚀 After Ethereum and Arbitrum, Credit Vaults enter the Superchain 🔴 A new credit infrastructure… plus a spicy reward program to boost it! 🙊 Let’s dive in👇
What makes Credit Vaults unique?💡 Credit Vaults are custom lending solutions designed to fit lenders and borrowers’ needs with: 1️⃣ Dynamic interest rates 2️⃣ Flexible loan cycles 3️⃣ Customisable KYC options Let’s explore how these features redefine on-chain credit 👇
Wanna get a hint for the next product? Let’s start with the fundamentals Off-chain vs on-chain credit markets Time to explore how DeFi is changing the game👇
Voting is now open on the latest proposal to rebrand Idle to Pareto and will run until Dec 23, 2024 IDLE token holders and stakers, cast your votes here ⤵️ 🗳️IDLE: snapshot.box/#/s:idlefinanc… 🗳️stkIDLE: snapshot.box/#/s:staking.id… We’re not excited about this… are we? 😏
A new proposal to rebrand and migrate $IDLE has been posted on the Idle DAO Governance Forum. The proposal outlines actions to boost growth for the protocol, the DAO, and its token. Details below ⤵️
Long, boring, and risky KYC processes? Not here. With @KeyringNetwork powering Credit Vaults, you can complete onboarding in just a few clicks using zk-KYC proof 🎈 Try it now at credit.idle.finance
With @idlefinance permissioned credit vaults, institutions can now access clean liquidity on DeFi What’s new? No more KYC friction. No more doc re-upload. In a few clicks, users provide proof of KYC from @krakenfx, @binance or @coinbase Access is granted instantly See how ⤵️
Pareto Unveils 2025 Roadmap with 5 Key Milestones
Pareto has released its 2025 strategic roadmap highlighting five core milestones: - Credit Vaults: Currently live with $35M TVL and $150M in loans - Institutional Onboarding: Partnering with major funds like Fasanara Digital and Bastion Trading - DeFi Integration: Expanding CV use as collateral across multiple chains - Adoption Program: Launching points system to incentivize CV engagement - Credit Vaults Factory: Developing one-click pool creation tool The platform aims to scale private credit issuance on-chain through customizable infrastructure and cross-chain expansion beyond Ethereum, Arbitrum, and Optimism. [Full roadmap details](https://paragraph.xyz/@pareto/the-path-towards-a-scalable-credit-economy)
Fasanara Digital Vault Reports 12.85% January Return Amid ETF Outflows
**Key Updates:** - Fasanara Digital's FAS_USDC basis trade vault achieved 12.85% net return in January - Vault enters cycle #5 in February, expecting negative funding period **Market Context:** - U.S. spot Bitcoin ETFs experienced $830M+ in outflows this week - First negative week for ETFs since late January This performance comes during a period of significant institutional fund movement in the crypto market.
Idle DAO Voting Opens for Rebranding to Pareto
Idle DAO has opened voting on a proposal to rebrand as Pareto, running until December 23, 2024. The transformation aims to position the protocol as DeFi's Credit Coordination Layer. Key aspects of the proposal: - Rebranding from IDLE to PAR token - Introduction of Pareto Credit Vaults - New tokenomics and staking programs - Focus on credit market infrastructure The roadmap includes: - Cross-border payment solutions - Revenue-based financing - Revolving credit facilities - Corporate bond-like instruments Token holders can vote through Snapshot with both IDLE and stkIDLE tokens.
Idle Launches First Private Credit Vault with Fasanara Digital
Idle has launched its first Credit Vault focused on private credit, partnering with Fasanara Digital. The vault operates as an evergreen, variable-rate loan targeting delta-neutral yield strategies. Key features: - Weekly interest distribution and redemptions - Rate pegged to BTC funding rate with 1.5x multiplier - 5% APR minimum return, 30% APR cap - KYC integration through Keyring The private credit market has grown significantly, reaching nearly $2 trillion by 2023 - ten times its 2009 size. This vault aims to bring private credit on-chain while improving efficiency and transparency. Visit credit.idle.finance to participate.