Idle’s CEO is Matteo Pandolfi, and according to his LinkedIn profile, the project was co-founded during a ConsenSys hackathon. He has described his role at the company as “everything but code” — meaning that he is tasked with establishing the platform’s vision for the future, recruiting new talent and leading strategic sales.

In an interview with BitCompare, he explained that one of the most powerful lessons he’s learned since starting the company is that there’s little point in attempting to build a perfect product the first time round — instead, it’s better to make improvements along the way that are informed by feedback from users.

Pandolfi’s fellow co-founder at Idle is William Bergamo, who serves as the company’s chief technical officer.

One of Idle’s unique selling points lies in how users don’t need to move their money manually between the plethora of DeFi protocols that exist today. This is achieved through holding IDLE tokens.

But another distinctive attribute concerns the fact that Idle Finance’s team have aimed to make their product as easy to use as possible. Blockchain complexity is an insurmountable hurdle for many investors who would otherwise be interested in learning more about what crypto has to offer.

In a recent interview with DeFi Prime, Pandolfi said that he believes gas should only be a thing that developers need to be concerned with — adding that insurance should be integrated into products to eliminate the risks associated with smart contract losses.

As of late January 2020, CoinMarketCap data suggests that there are 892,640 IDLE in circulation, with a maximum supply of 13 million tokens.

An airdrop for IDLE tokens was held in late 2020 — and anyone who had interacted with this platform before October 2020 was eligible.

Tech deep dive: What is decentralized finance?

Learn more about yearn.finance.

DeFi’s 10 biggest moments in 2020.

Subscribe to the CoinMarketCap newsletter.