Idle (idle.finance)

Idle is a long-standing DeFi protocol that provides automated and optimized yield-generating strategies for users' crypto assets. Launched in 2019, its core mission is to simplify the process of yield farming by dynamically allocating users' deposited funds (like stablecoins) across various lending protocols (such as Aave, Compound, and Morpho) to secure the best available interest rates. The protocol offers different risk-adjusted products, including Best-Yield vaults and Yield Tranches, to cater to different investor risk appetites. The protocol is governed by a Decentralized Autonomous Organization (DAO), with the $IDLE token used for voting on governance proposals.