FAQ
How does Idle Finance work?
Idle Finance is a decentralized protocol that optimizes users' digital asset allocation across leading DeFi protocols using automated and algorithmic rebalancing. It offers "Best Yield" vaults that maximize returns on supported assets without gas costs for optimization, operating on multiple blockchains including Ethereum, Optimism, and Polygon zkEVM. Idle Finance also provides risk tranching through senior and junior tranches, allowing users to tailor their investments based on their risk tolerance.
Is Idle Finance a secure platform?
Idle Finance has undergone multiple security audits by world-leading companies, including Quantstamp, Certik, and Consensys Diligence, to ensure the safety of its protocol and governance systems. The platform maintains a $100K bug bounty program to incentivize the discovery of potential vulnerabilities, demonstrating its commitment to security. Additionally, Idle Finance follows strict integration guidelines and minimum standard requirements for implementing new yield sources or assets, further enhancing its security measures.
How to use Idle Finance?
To use Idle Finance, users can deposit their assets into the platform's "Best Yield" vaults or choose between senior and junior tranches based on their risk preferences. Users can interact with the platform through its website interface, connecting their Web3 wallet to deposit funds, monitor their investments, and withdraw when desired. For those interested in governance, users can stake IDLE tokens to participate in the Idle DAO and vote on proposals that shape the protocol's future.
What services does Idle Finance offer?
Idle Finance offers yield optimization services through its "Best Yield" strategy, which automatically allocates funds across top DeFi protocols to achieve the highest possible returns. The platform provides risk-adjusted investment options through its Yield Tranches, offering senior tranches for more stable yields and junior tranches for higher potential returns. Additionally, Idle Finance offers governance participation through its DAO, allowing IDLE token holders to contribute to protocol decisions and developments.
