Idle: 87% I
Review Date: January 21st, 2021
Idle is a decentralized rebalancing protocol that allows users to automatically and algorithmically manage their digital asset allocation among different third-party DeFi protocols. It allows its users to choose to maximize their interest rate returns through the MaxYield strategy or minimize their risk exposure through the RiskAdjusted allocation strategy. Idle connects with Compound, Aave, dYdX, Fulcrum, and DSR, and supports DAI, USDC and USDT.
On the verge of a second DeFi run, Idle looks like a project to closely follow. Despite the tech team being small, the technology that has been developed is strong and the codebase went through a proper security audit. In addition, the project is backed by leaders in the blockchain industry and integrates with well-known DeFi protocols.
