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Governance > IDLE staking > Buybacks |
{% hint style="info" %} In June 2023, the DAO decided to pause the IDLE buyback and distribution to stakers. {% endhint %}
Part of the fees generated by the Idle DAO product suite is used to acquire IDLE from the market and distribute it to stkIDLE holders on a weekly basis, as a reward for their long-term commitment.
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{% hint style="info" %} Fees are distributed weekly: the proportional amount of fees that each user receives is calculated based on their stkIDLE balance relative to the total stkIDLE supply, and this amount is calculated at the start of the week. {% endhint %}
The actual distribution occurs at the end of the week based on collected fees. As such, a user that creates a new vote-lock should expect to receive their first fee payout at the end of the following epoch week.
The available IDLE to distribute is tracked via the “token checkpoint”, updated, at minimum, every 24 hours.
{% hint style="warning" %} Fees that are received between the last checkpoint of the previous week and the first checkpoint of the new week will be split evenly between the weeks.
Fee distribution might be limited by high network fees (aka gas fees); in that case, accrued fees will be distributed the week after. {% endhint %}
Stakers can claim their fees by calling claim().
Protocol fees are converted from underlying tokens in wETH and then allocated to some protocol beneficiaries from the FeeCollector, such as the Fee Treasury (owned by Idle DAO) and the Rebalancer (for operational expenses).
As part of IIP-10, the Sushiswap exchanger was added as a beneficiary to FeeCollector.
This contract exchanges the protocol fees from wETH to IDLE via SushiSwap and deposits the $IDLE to the FeeDistributor.
{% hint style="info" %} The SushiSwap Exchanger is implemented as an upgradeable contract to make this process sustainable for the future: if liquidity for IDLE migrates to another exchange, the contract can be upgraded. {% endhint %}
The SushiSwap exchanger implements a FeeExchanger interface which is located here.
{% hint style="info" %} The cut-off date for the IDLE distribution to stakers is around Wednesday/Thursday night UTC. IDLE tokens received after this date are distributed the week after. {% endhint %}
| Date | Amount | Tx |
|---|---|---|
| 2023-04-26 13:33 UTC | 6499.4481 IDLE | 0x99fba...6a8d |
| 2023-03-06 16:52 UTC | 1616.9282 IDLE | 0x5c110...4d49 |
| 2023-01-29 13:46 UTC | 1860.5140 IDLE | 0xf140b...50a6 |
| 2023-01-07 18:31 UTC | 2000.3098 IDLE | 0x70c14...5be7 |
| 2022-12-31 18:28 UTC | 7817.7975 IDLE | 0xdf6f9...9d20 |
| 2022-12-15 15:29 UTC | 4419.5324 IDLE | 0x3d54a...ca6d |
| 2022-11-26 18:39 UTC | 3191.7107 IDLE | 0x711fe...2e97 |
| 2022-11-26 09:50 UTC | 2873.0738 IDLE | 0x2750a...0a23 |
| 2022-11-17 09:26 UTC | 3029.7297 IDLE | 0x5cf1d...9fc7 |
| 2022-11-15 09:26 UTC | 3207.7912 IDLE | 0x0d4ce...f887 |
| 2022-11-10 08:05 UTC | 2558.1899 IDLE | 0x1504f...ce47 |
| 2022-11-09 08:37 UTC | 2219.8093 IDLE | 0xbd7af...1c42 |
| 2022-10-21 10:22 UTC | 3221.9180 IDLE | 0xd228f...bec6 |
| 2022-10-16 13:17 UTC | 4047.9517 IDLE | 0x81059...9be6 |
| 2022-10-08 15:47 UTC | 3414.6987 IDLE | 0x77660...8b72 |
| 2022-10-01 08:14 UTC | 4450.0398 IDLE | 0xd2039...9ac4 |
| 2022-09-22 15:58 UTC | 2929.2147 IDLE | 0xbfc29...ba49 |
| 2022-09-12 08:33 UTC | 6162.3530 IDLE | 0x9111c...9a50 |
| 2022-09-07 08:53 UTC | 3420.0616 IDLE | 0x6b986...65a8 |
| 2022-08-23 10:12 UTC | 2937.3367 IDLE | 0x513c0...3f66 |
| 2022-08-01 10:44 UTC | 2073.9512 IDLE | 0xf7615...710c |
| 2022-07-12 10:39 UTC | 3280.9360 IDLE | 0xf4673...f6f3 |
| 2022-07-02 15:36 UTC | 3323.1671 IDLE | 0xe2d98...788c |
| 2022-06-21 09:32 UTC | 2289.2859 IDLE | 0xfd924...db1e |
| 2022-06-19 10:35 UTC | 3136.6982 IDLE | 0x9ab0b...cb50 |
| 2022-06-16 10:12 UTC | 17838.6867 IDLE | 0x6d940...4468 |
| 2022-06-14 08:37 UTC | 2481.2270 IDLE | 0x0f997...a201 |
| 2022-06-11 14:19 UTC | 1914.4594 IDLE | 0xc7822...b3b2 |
| 2022-06-03 18:46 UTC | 6183.7999 IDLE | 0xe9102...dc73 |
| 2022-06-01 07:41 UTC | 9268.2775 IDLE | 0x83708...ad99 |
| 2022-05-30 09:15 UTC | 2459.1088 IDLE | 0x3a22b...510e |
| 2022-05-27 09:13 UTC | 3090.4434 IDLE | 0x9a40c...35c9 |
| 2022-05-21 21:12 UTC | 2030.3982 IDLE | 0x2ccda...4ff8 |
| 2022-05-07 10:22 UTC | 2174.0910 IDLE | 0x9e308...df31 |
| 2022-04-19 17:18 UTC | 1284.4520 IDLE | 0x91b3d...b1b9 |
| 2022-04-05 01:59 UTC | 1167.0359 IDLE | 0xf7808...82ad |
| 2022-03-22 05:22 UTC | 2634.1806 IDLE | 0x6e20a...2504 |
| 2022-03-19 23:44 UTC | 2929.8569 IDLE | 0x1d507...3ae6 |
| 2022-03-11 12:56 UTC | 1564.1996 IDLE | 0x6732b...b22f |
| 2022-03-02 09:09 UTC | 3277.7584 IDLE | 0x1a3c6...9daf |
| 2022-02-19 10:43 UTC | 2782.5205 IDLE | 0x5cc62...300c |
| 2022-02-16 11:20 UTC | 4708.3255 IDLE | 0xda9e6...da9a |
| 2022-02-03 11:09 UTC | 1020.3117 IDLE | 0xf9de9...958e |
| 2022-01-26 22:35 UTC | 2364.2812 IDLE | 0xafec9...cfc1 |
| 2022-01-22 12:10 UTC | 1331.7678 IDLE | 0xc8656...91cc |
| 2022-01-16 11:01 UTC | 762.6044 IDLE | 0xddb55...0adb |
| 2022-01-03 09:40 UTC | 915.7266 IDLE | 0xa866a...dd34 |
| 2021-12-23 12:11 UTC | 767.2338 IDLE | 0xe2d5d...d1ea |
| 2021-12-14 21:05 UTC | 1258.4462 IDLE | 0x647b4...2d42 |
| 2021-12-13 09:59 UTC | 807.3506 IDLE | 0x7ef74...f788 |
| 2021-12-09 16:51 UTC | 1119.1215 IDLE | 0x263b5...6d9a |
| 2021-11-23 09:06 UTC | 733.5967 IDLE | 0x7ef59...1eea |
| 2021-11-07 15:46 UTC | 1004.0310 IDLE | 0x1eb55...f11b |
| 2021-10-30 08:24 UTC | 10371.7968 IDLE | 0x03e0b...e8fd |
| 2021-10-19 09:48 UTC | 783.5957 IDLE | 0x20953...433c |
| 2021-10-01 16:05 UTC | 3141.5046 IDLE | 0x4f64d...235b |
| 2021-09-29 09:31 UTC | 671.8590 IDLE | 0x25a05...0546 |
| 2021-09-21 09:29 UTC | 864.8897 IDLE | 0x7dd33...ea93 |
| 2021-09-18 15:02 UTC | 1004.1261 IDLE | 0x3a4cf...3e1e |
| 2021-09-17 15:05 UTC | 550.2597 IDLE | 0x25ca7...9450 |
| 2021-09-11 11:25 UTC | 501.3412 IDLE | 0x4e336...eeb4 |
| 2021-09-07 23:10 UTC | 1003.8568 IDLE | 0xac5ec...ba7a |
| 2021-08-30 14:42 UTC | 308.7532 IDLE | 0x14e6f...41f1 |
| 2021-08-24 08:50 UTC | 3115.0880 IDLE | 0x7f7b2...f07a |
| 2021-08-24 00:19 UTC | 676.2361 IDLE | 0xe45e1...1524 |
| 2021-08-17 15:50 UTC | 502.8395 IDLE | 0x5a061...cf2c |
| 2021-08-11 08:12 UTC | 533.7056 IDLE | 0xdb77f...cd25 |
| 2021-08-04 20:38 UTC | 607.3764 IDLE | 0xeb5b8...d9b5 |
| 2021-07-30 12:59 UTC | 2220.4490 IDLE | 0xd10b0...709d |
| 2021-07-26 08:04 UTC | 535.9220 IDLE | 0xc0bf0...7eb5 |
| 2021-07-20 07:49 UTC | 1220.0801 IDLE | 0x3e2c8...5f04 |
| 2021-07-12 08:23 UTC | 1480.4491 IDLE | 0xc7dd3...f1ac |
| 2021-07-06 17:05 UTC | 1094.6765 IDLE | 0xb70c2...a6e8 |