IDLE

IDLE

IDLE
$0.174379348%-2.20

Key Metrics

Price$0.174379348
Real Volume (24H)$474.95
Marketcap$1,539,779.34
Fully Diluted Valuation$2,940,697
ATH$30.65
ATH Date2/14/2021, 2:18:42 AM
ATL$0.151899
ATL Date9/13/2022, 1:53:57 AM
Circulating Supply5.4M
Total Supply13M
WebsiteN/A
WhitepaperN/A
Popularity Rank2212
Chart
What is IDLE?

Idle (IDLE) is a decentralized finance project that strives to create a world where "Money should never sit still." The platform's main goal is to help crypto investors establish a diversified portfolio that best matches their risk appetite. Idle Finance aims to do this by automatically distributing funds among various DeFi protocols to earn interest, and when better opportunities arise, the portfolios are rebalanced.

Idle Finance V3 is the latest version of the platform, which was launched to provide a better user experience and a streamlined interface. Through the platform, users can easily monitor the performance of their funds through a dashboard. Idle Finance V3 intends to provide a more accessible DeFi experience to crypto investors by removing the complexity of managing multiple DeFi protocols.

Matteo Pandolfi is the CEO of Idle, and he co-founded the project during a ConsenSys hackathon. According to his LinkedIn profile, he is responsible for establishing the platform's vision, recruiting talent, and leading strategic sales. William Bergamo is another co-founder of the platform, and he serves as the chief technical officer.

Idle Finance's unique selling point is that users can hold IDLE tokens and automatically distribute their funds across different DeFi protocols. The platform's team has focused on making their product as user-friendly as possible, removing the complexity that often deters investors from exploring the potential of crypto.

In a recent interview with DeFi Prime, Pandolfi emphasized the importance of integrating insurance into DeFi products to eliminate risks associated with smart contract losses. Additionally, he believes that gas fees should be something only developers need to worry about, and that users should be able to invest in DeFi without having to worry about the technicalities of blockchain.

In conclusion, Idle Finance aims to provide a more accessible and user-friendly DeFi experience by automatically distributing funds across various DeFi protocols. The platform's unique approach and focus on simplicity make it a valuable addition to the DeFi space.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.

Try for Free

Top Assets

AssetPrice24HMcap
Loading...

We use cookies for personalization, social media, and analytics, and share usage data with partners.