Algorand governance reddit. You will select which ammount you want to comit for the 3-month governance period. Honestly, my experience with You will have to use one of supportet wallets (for example "my algo wallet" stack you algo in there and then submit it for governance. Wow! This is awesome! Description: This special edition NFT was minted in honour of Algorand Governance Period 2 participants. 92%, and the quarterly payout is apy/4? or that each quarter the payout is 15. 67. 3. Learn more about the consensus incentivization (Réti) update in the Algorand 2024 Roadmap. If you used AlgoFi Vault or Folks Finance (or AlgoGARD I think), you have to claim the rewards after the period ends on the platform you used. Opt-in, through the app, for the Governance Program. Reply. . 🎁 Join the Twitter competition to have a chance to win Lucky Governors🎁 1. Keep this badge in your Pera Wallet to have access to future perks . perawallet. Click on Connect Wallet. Something that I have seen some ambiguity around lately has been the payout for Algorand Governance. This is not financial advice. 92%? Personally I think the 15. That was it, no confirmation that anything had happened, neither in the app nor the Personally, I think straight governance is better. 5%. This is fantastic because as of right now you'd need. Open your Algo wallet on your phone and click the button to pull up the Scan QR Code screen. If you don't vote we'll gladly divvy up your rewards 😜. Correct me if I’m wrong, I understand there’s a new way of earning algos when participating in governance. 365 days a year / 30% = 1,216. It is meant to grow DeFi participation on Algorand, thus promoting the ALGO and therefore benefiting all the Governors. r/algorand • I've been in Algorand for over two years now. For some explanations see Reddit comment and some suggestion for possible alternatives at Folks Finance forum. Staking is going to start tapering down while governance becomes the main way to earn interest/rewards. That will give you your personal return this period! hell yea, I get a nice 0. If you're going to make a good faith comparison, compare it to other staking protocols. Right next to the + sign. To further boost participation in the DeFi protocols, rather than passive holding Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. On next page click on “Sign-up as a 24 February 2023 - As announced in Q4/2022, the Algorand Foundation will begin moderating the amount of rewards distributed through the General Governance program, or Governance 1. Choose the Algo wallet you use. Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. Measure 1 - DeFi Rewards. In the case of the liquidity pool, yes, the APY is high, but there's a large risk of impermanent loss. Think folks finances liquid governance, algofi’s vault, gard’s cdps. You can look here. As with G3, the G4 governance commitment period will enable Governors to commit Algo inclusive of Next step chose "max" amount to commit. This chooses the number of Algos in the wallet minus one and auto fills in the field in which the number of Algos to be committed is entered. Ever wish you could enroll in #Algorand Governance late and still earn rewards?. During the governance interval I staked in Yieldly and have now withdrawn from yieldly and commited my Algo to the second governance period. I saw a few comments recently that users didn't The borrowing is 3% and you get 2% reward in algo just for borrowing so it's only 1% you have to pay. Software at scale has no easy button. Both the r/AlgorandOfficial sub and the Algorand Foundation can help guide through the process. Video Tutorial- Not mine, credit to FrugalBC. No matter the outcome, Algorand will be okay, but this is what the “Meeting of Minds” looks like, and vigorous debate is so important. I have a business to run and I’m just hoping for a better return than what TradFi offers when you factor in inflation. Algorand Governance. As far as I can tell, we will be able to participate in Governance-voting, but would love confirmation. Tldr: algorand governance period 3 voting pushed back to 01 June 2022 to allow necessary time to form a more detailed proposal for the xGov layer. You don't need to (but you should if you care about Algorand). I’ve invested at highs, lows, and for the most part haven’t stopped buying it. During governance the best thing to do with your gAlgo is to go to Gard. What a surprise! Someone on Reddit who actually read the FAQs instead of relying on the community to answer their basic questions! That's a big no-no. 5% APR. Nope, that's what the 10% fee is for. Aeneas rewards will run out one day, and then Therefore, if we are part of the first governance, we can hope for higher percentages(an idea also expressed by the Algo foundation), but we can't say for sure. Trend of committed stake and number of governors. commitment. Click on “Become a Governor” (orange button) 3. Suppose it'll be 8%. In one case, algo governance, you get a relatively known and locked rate. It's fine now. 99% APR, which we can just call 5%. app. 5 billion Algos still committed and a solid APR of around 8%. Hi algofam! Governance Period 4 NFTs have just been released! 🎉 #algofam 🌈🍒🌷⚽️👑 Are you an eligible Governor within u/algorand Governance Period 4? Go claim yours now👇 governance. As for the apy, if you seriously need to care that much then maybe you should actively manage a portion of your algos and let the rest farm yield. Governance Period 3 is coming to an end with a record 3. com and scroll to the bottom of page. Governance #4 for ALGO are up. For instance, Ethereum returns 4. Example: I am Central Standard Timezone, so it ends 11:00 AM CST October 14th for me. Algorand runs on a highly energy-efficient network and is carbon neutral. Depends on how you registered as governor. Looking forward to divvy up his 10 algos in rewards across 3 billion staked algos. 1 (or simply G1V1M1), has begun! If you previously signed up to be a Governor and committed ALGO to governance, you are now eligible to vote. They are wrong anyway, by that I mean the percentage is wrong as it uses the wrong reward amount. Don't let your balance drop below the threshold set in 2) and enjoy the rewards at the end of the period :) Option 2, software updates to wallets, a website, etc to accommodate all the different and various ways consumers of algorand are holding and would want to stake. 92 is divided up over the quarters, but I Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. So you leaving doesn't hurt me Your understanding of how Defi systems like Folks Finance, Algofi and others work will be beneficial if you want that extra Algo and help increase Algorand TVL. Algorand Governance Period #5 enrollment kicked off the first week of October and was extended beyond the usual two week period by an additional week. The 10% APY for governance is annual. For the first time on Algorand, users will not only be rewarded for casting their votes with ALGOs but are given extra rewards for participating through DeFi protocols like GARD Protocol, Folks Or is it a fixed ratio of LP to ALGO. Algorand is also the official blockchain of the FIFA World Cup so this may be a nice time to slide into an ecosystem before billions of ears hear about it for the first time starting Nov 16th. 19% APR. Today, Algorand is giving 9. 92% - does that mean that the payout after a year will be 15. Ultimately you are still getting 9% ish of free rewards. Find external links and click on “The Algorand Foundation”) 2. Disclaimer: This is just one person's thoughts on the current state of Algorand Governance. Thanks! Weird that it says not announced on the actual voting page. Currently. More Algos for me, and I'm pro increasing my yeild. The reallocation of some rewards from General Governance to DeFi rewards has contributed to the growth of our The sixth Algorand Governance Voting Round has begun! If you previously signed up to be a Governor and committed ALGO to governance , you are now eligible to vote. Yes, TVL is not the be-all measure of an ecosystem, but it is important for our ecosystem in this early stage, as we fight to gain mind and market share amongst other L1s. If you set up one of the wallets that allow governance participation (Algorand official wallet for example) it's very manageable. Tldr: Your governance rewards from Governance period 1 (G1) will automatically be sent to the staking wallet, and can be used as part of governance round 2 , G2. It will happen this upcoming quarter. The measures proposed for the vote are: Measure #1 - Boost allocation to DeFi rewards by 5MM, from 15MM to 20MM ALGO. Web application of Algorand Governance Program Governance Round 4 is open to votes! Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. You are not supposed to transfer them for that period or you won’t get the governance rewards. one site where you committed, instead of at Algorand Foundation website. These incentives are limited to 7M only, and only regard DeFi players who, consistently with Governance This first governance voting period is showing just how important participation is. Just use the reddit search function for the algorand subs and search "governance apy" r/AlgorandOfficial. My Governance Period 10 DeFi Strategy. I suspect the calculated rewards are also wrong. 1746 and then divide it by 4. Do not reward consensus participation before exploring other options. Shopping around for the highest yield is only one way of farming. Final plans are not finalized and will be shared in due course. Gov rewards will be replaced by consensus incentives. If consensus incentives are not ready, then they will push through rollover to later quarters. I am happy people care enough about Algorand to debate these topics! Q&A. Seems like big players still control the Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. If that is in place for Q3 then Gov rewards will end. ) Scan the QR code off of your desktop screen with your phone. I understand people get into crypto to 10x their holdings but in a bear 🐻 market I'll take the small incremental gains. Committing Algos Guide. Many of the votes are concerning ‘liquidity injections’ to algorand various defi projects. If you participated in Governance Period 3 through Folks Finance AlgoFi or GARD you can claim your Governance NFTs as well! We've worked closely with our ecosystem partners to make sure everyone who participated is eligible for our Governance NFTs. 11/28 - 12/12. The more exposure, the higher you’ll rank! Algorand NFT Authentication. Distribution of any community funds should go through a governance vote. In the video I reference this post to show how reward rates are calculated. Algorand is still a best in class block chain. Founded by Turing Award-winning cryptographer Silvio Micali. 00 and all the way down. Algorand's Governance system has in a few ways been far more successful than the Foundation thought it would become, at least in as far as the amount of circulating Algos locked in Governance and participating. As it currently stands, you'll need more than 3,500 more Algo right now It was made by a fellow Redditor u/Algly and I think it's a nice visualization website where you can check the following: Current Algorand governance + participation APY. In one case you get nothing and in the other you get something plus participate in voting. DeFi rewards have led to a significant boost in Algorand’s TVL. Especially if you are holding algo anyway. There are six measures proposed for the vote. Thanks for confirming! Governance Round 4 is open to votes! Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. With an Algorand address you will be able to vote with your Algo balance, you cannot vote with any other asset on the Algorand network. Pera Wallet. Just like the governance reward bonus that was inplemented for defi. Either way, 12% as a base is absolutely amazing! The Voting. However, that may be the last one. Key dates for your diaries: Commitment Period for G2: December 25th 2021 to January 7th 2022 (11:59:59 PM SGT). Clicked the purple/blue "Commit Algos" button and it opened the wallet app. 69*4 = 6. In which case what happens when LP price tanks. “This period’s governance measures introduce a question about the continuation of recently deployed liquidity (measure 1), as well as questions about the reallocation of Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. Number of governors. GhostOfMcAfee. 55% = 6,576. A reminder to all governors of Algorand that the sixth voting session will open for votes today the 3rd of March 2023. Now you can! 🚀 #GARD is offering 5x rewards (25 ALGOs for new CDPs with 200 ALGOs or more between 7/15 and 8/30). 67 Algo to receive 1 Algo a day during the first quarter of the governance protocol with the lowest governance reward. Money and then use your gAlgo as collateral to borrow Gard (costs you 2% APR), then take that Gard and on the same site stake it for 11. Nice, my first NFT 😅. I tried yesterday and it was already down. Algorand governance. For more information check out the information provided by various platforms on how to participate in their governance. Overall, wouldn’t it be better to save the money to attract new developers, or for new advertising (algorand should consider partnering with some tik tokers as those audiences can go crazy viral), rewards for consensus, or just holding it and saving it. This is the API the free spreadsheet, you can copy, accesses to calculate the rates. The Governor badge proves that the account staked (4 different tiers) Algo in the governance program. 1, Measure no. Tech will matter eventually. In this guide, we will walk you through voting, as well as break down the choices in these measures. Therefore, you only need 3,041. In both cases, you believe in the long term strength of Algo. If you 100% participated in governance, you will simply claim your rewards after Dec 31, 2021, when you claim your reward, it will be send to your wallet. Each governance period takes one quarter so you take your amount committed to governance, multiply it by 0. Governance should allow community proposed measures on any topic, not just grants. Amount of Algo that will be distributed for governance rewards. I have checked the Algo Governance stats site twice and both times it seems to get stuck updating. The first Algorand Governance Voting Round, dubbed Governance Period no. Basic Governance Sign-Up Guide (4 Steps) Got to Algorand Foundation website - https://algorand. 2. Algorand Governance - Don't get caught off guard. For vanilla governance they will be sent New Governance in Algorand. 0, for the purpose of shifting the ALGO distribution to programs that focus on ecosystem growth, such as: the on-going DeFi rewards program, the xGov Program, or Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. End of Governance Period for G1: Midnight 11:59:59 PM SGT 31st December The leading community for cryptocurrency news, discussion, and analysis. Currently the APY is listed as 15. You can now verify and authenticate ownership of your Algorand NFTs directly on our platform. Web application of Algorand Governance Program Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. foundation. Is using defi platforms the foundation selected, which allow you to commit to governance through. Algorand Governance (Period #4, Register by 14 JUL 2022) A reminder that the Algorand governance enrollment for period 4 is open and ends on the 14th of July. 6% APR for ETH2 staking. Why are you comparing Algorand governance to a checking account? This isn't tradfi. Work continues on consensus incentivization, which is currently anticipated to go live towards the end of 2024. Your coins are still going to be in your wallet. In this video I discuss my strategy to access the defi allocated rewards for Governance Period 10. I'm extremely optimistic about the future. TLDR: Governance signup end October 15th at Midnight Singapore time, meaning the last full day to commit to Governance is October 13th. Each governance period is for a quarter, so you'll earn one fourth of that APY, around 2. In this guide, we will walk you through voting, as well as break down the choices in the first measure. If you used the Governance page and registered with your wallet directly, it will be send to you automatically. algorand. I’ve been a part of Algorand since 2020. 76% APR. Bought many at $2. •. I had forgotten period #3 ended and the unexpected deposit was quite nice! If you don't have any Algo or you haven't participated in a governance period yet, I encourage you to do so. In 2022, participation rewards will be phased out, to be completely replaced 2% per quarter or 8% annualized isn't nothing IMO. End of Governance Period for G1: Midnight 11:59:59 PM SGT 31st December ( you must keep your account balance above your governance commit until this date to ensure eligibility to claim rewards ). Additionally, voting on Governance Period 3 recently wrapped up with some interesting results. 2 in December :D. Participants to the Governance program will therefore see their total rewards grow significantly above the then fixed level of participation rewards. The Governance program will start in Q4 and will distribute rewards to Governors in addition to participation rewards. Governance Website. " "Update on next Governance voting session Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. 365 days a year / 5. I bought Algo a few days after the first Algorand Governance registration ended so I missed the boat on that one. Hello fellow algonauts, I wanted to ask if someone could explain the 3 different options for algorand governance if there are any risks doing it through Folks Finance? The APY seems too good to be true so I was wondering if there are any disadvantages or things to look out for? Thank you for your advices. This measure provides extra incentives to governors who are DeFi users. Period 5 voting window is listed on the Algorand Governance page . Don't get caught with your pants down thinking you'll be able to commit on Key Dates For Algorand Governance Upcoming. Amount of Algo committed towards governance. June 29th, 2022 - As we approach the end of June, we are also approaching a number of key dates for the end of the current Governance Period ( G3 ) and the start of the next Governance Period ( G4 ). According to the Algorand website, there will be a minimum of one vote per governance period. "Developing these proposals in a thoughtful and careful manner will take some time, so we will delay the voting session to the latter part of this period. Cardano gives 4. When the governance period is over you The community controlled subreddit for the carbon-negative Algorand blockchain and cryptocurrency. Can I then just buy a big sum of LP and get huge upgrade in influence for the next governance period? It should have just stayed ALGO staked for ALGO. Doesn't show stats. Or go to Algorand website - www. If you do vote, you need to vote through Messina. It has been a rough bear market but the fundamentals have only gotten stronger. 1. Commitment Period for G2: Starts December 25th 2021, and ends January 7th 2022 (11:59:59 PM SGT). I genuinely think it has some of the best tech in the market and it’s incredibly hard for Following the release of the Algorand Governance 2024 Timeline earlier this year, we wanted to share some updates and changes. FYI I’m not really into crypto investing everyday. (On the Algorand Wallet it is on the main screen on the top right. The Community Governance proposal was inspired by Silvio Micali’s original governance proposal and then finalized by a number of governance discussions facilitated by the Foundation, such as the Algorand Governance Forum, the Algorand Governance Channel on Discord, and several other community engagements. Description: This special edition NFT was minted in honour of Algorand Governance Period 2 participants. That's a profit of 9. The ranking system is based on a metric called “Global Reach,” which represents the exposure your profile has within the NFT Twitter space. Just a quick reminder that the voting session for Algorand Governance Period 7 is opening today. Reply reply. 58. Algorand Governance Program is a participation program. Keep this badge in your Pera Wallet to have access to future perks. Governance. There were two period 4 measures that governors voted in favor of that allow you to tap into 7 million algos allocated to defi. Add The 17,46 is the return per year. 5% APR in ADDITION to the APR you are already getting from Governance. This brings complexity in any solution to cause the least amount of friction for consumers, vulnerabilities, etc. Governance Reward Distribution* for G1 Like I'm thrilled when accounts fall out every term. The Governor badge proves that the account staked ( 4 different tiers) Algo in the governance program. 1, Vote no. ut gq gf iy vf vz ki yi kx pd