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Voting Sessions

• Period 11, Voting Session 1

  May 31, 2024 - Jun 15, 2024Completed

  • Targeted DeFi Rewards - Algomint - Scaling the volume of assets bridged and basketed by Algomint on the Algorand blockchain

    This measure proposes the allocation of 229,434 Algo to Algomint in GP12 to be distributed to their users as described below.

    The long-term ambition is to scale the volume of assets bridged and basketed by Algomint on the Algorand blockchain. The TDR program is devised to encapsulate multiple aspects to achieve this goal.

    As a bridge and asset basket provider in the Algorand ecosystem, all rewards within Algomint’s framework are to be distributed via trading platforms — Pact, Tinyman, and AlgoRai.

    Engagements are ongoing with all 3 protocols on co-incentive plans, alongside other strategies to co-market and enhance the effectiveness of the program. As outlined in the distribution table ~48% of Algomint rewards have been directed towards fPOOLs and/with? ~20% allocated to strengthen the goUSD peg and reduce the current xUSD dominance.

    Distribution Tactics

    • 15.25% - fgoBTC <> fALGO - Pact - 35,000 Algo
    • 15.25% - fgoETH <> fALGO - Pact - 35,000 Algo
    • 8.71% - fALGO <> fgoETH - Tinyman - 19,980 Algo
    • 8.71%- fALGO <> fgoBTC - Tinyman - 19,980 Algo
    • 2.18% - goUSD <> GOLD$ - Pact - 5,000 Algo
    • 2.18% - goUSD <> SILVER$ - Pact - 5,000 Algo
    • 7.51% - goBTC <> wBTC - Pact - 17,237 Algo
    • 7.51% - goETH <> wETH - Pact - 17,237 Algo
    • 10.9% - goUSD <> USDC - Pact - 25,000 Algo
    • 8.72% - goUSD <> USDT - Pact - 20,000 Algo
    • 4.36% - goETH - AlgoRai - 10,000 Algo
    • 4.36% - goBTC - AlgoRai - 10,000 Algo
    • 4.36% - goUSD - AlgoRai - 10,000 Algo

    Review the community comments about this proposal on the Algorand Forum.
    Read more about it on Algomint’s blog.

    Measure 1 - Allocate 229,434 Algo to Algomint in GP12 to be distributed as declared above?

    • A. Yes

  • Targeted DeFi Rewards - AlgoRai - Educating DeFi users on unique sustainable yield opportunities

    This measure proposes the allocation of 184,216 Algo to AlgoRai in GP12 to be distributed to their users as described below.

    AlgoRai offers unique yield opportunities through decentralized structured products. These opportunities are easy to use, but may be hard to understand.

    This proposal’s objective is twofold: to educate and inform the DeFi population about AlgoRai’s products and, through education, grow the appeal of AlgoRai among retail users and the TVL on Algorand. AlgoRai reports results by measuring unique wallets interacting with their products and assessing the TVL growth over time.

    Distribution Tactics

    • 16,000 Algo - 8.88% for each of the following Vaults:
    • ALGO Bear
    • ALGO Bull
    • mALGO Bear
    • goBTC Bull
    • goBTC Bear
    • goETH Bull
    • goETH Bear
    • $GOLD Bear
    • $GOLD Bull

    The remaining 40,216 Algo (20.08%) are allocated to AlgoRai’s User Generated Content program dedicated to educating the DeFi population about decentralized structured products.

    Review the community comments about this proposal on the Algorand Forum.

    Measure 2 - Allocate 184,216 Algo to AlgoRai in GP12 to be distributed as declared above?

    • A. Yes

  • Targeted DeFi Rewards C3 - Increase trading volume and user base

    C3 aims to bring users from various ecosystems, enhancing Algorand’s visibility and utility through the allocation of its entire TDR towards Trading Rebates to catalyze growth.

    • Objective: To significantly increase C3’s volume and engagement by rewarding trading activity directly.
    • Distribution: Monthly rebates of 0.10% of trading volume in the form of ALGO rewards which can be claimed by traders during the one-week claiming period each month. Any rewards that are not claimed will be foregone and allocated to the next month’s claim period.
    • Rationale: By dedicating 100% of our TDR to trading rebates, we aim to continue attracting users from outside of the Algorand ecosystem and boosting trading volume. This approach not only enhances liquidity on C3 but also strengthens the retention of traders by providing direct financial benefits to active traders. Moreover, by increasing volume in C3 through these types of incentives, it directly translates to significant TPS for the Algorand blockchain. The current impact C3’s volume has been having on Algorand TPS can be tracked here.

    Distribution Tactics

    • 100% of C3’s TDR allocated towards trading rebates for its users.

    Review the community comments about this proposal on the Algorand Forum .
    Read more about it on C3’s blog .

    Measure 3 - Allocate 362,775 Algo to C3 in GP12 to be distributed as declared above?

    • A. Yes

  • Targeted DeFi Rewards Cometa - Bring people from Base to Algorand

    This measure proposes the allocation of 203,842 Algo to Cometa in GP12 to be distributed to their users as described below.

    Cometa aims to: * Build deeper liquidity for META, bridged and RWA tokens by rewarding projects that create liquidity pools for these tokens. * Attract new users and potentially big funds to the Algorand ecosystem from the Base blockchain ecosystem.

    Distribution Tactics

    • 12% - META/ALGO - Tinyman
    • 8% - META/USDC - Tinyman
    • 6% - META/gALGO - Tinyman
    • 6% - META/goBTC- Tinyman
    • 6% - META/wETH - Pact
    • 6% - META/GOLD$ - Pact
    • 2% - META/mALGO - Pact
    • 2% - META/COOP - Pact
    • 2% - META staking
    • 8% - Algo-DEGEN liquidity pools: DEGEN, DEGEN/ALGO, DEGEN/goETH, DEGEN/META
    • 8% - DEGEN rewards for completing the tasks and using the bridge app (on both sides)
    • 8% - Constant development of the Farcaster bridge-DeFi/NFT/DEGEN app features
    • 6% - Collaborations and advertisements at Base blockchain Twitter and in Farcaster
    • 20% - Distributed proportionally between all the pools with LP of the following wrapped tokens: GOLD$, SILVER$, wBTC, wETH, wAVAX, wSOL, wLINK, goBTC, goETH, EURS, USDT

    Review the community comments about this proposal on the Algorand Forum .
    Read more about it on Cometa’s blog.

    Measure 4 - Allocate 203,842 Algo to Cometa in GP12 to be distributed as declared above?

    • A. Yes

  • Targeted DeFi Rewards CompX - Incentivising holding and providing liquidity for xUSD

    This measure proposes the allocation of 131,757 Algo to CompX in GP12 to be distributed to their users as described below.

    The primary goals for our proposal are to incentivize holding and to provide liquidity for xUSD.

    We will also be partnering with Messina and Pact.fi in participation with Messina Token Wars to incentivize liquidity from the other ecosystems.More info can be found via the Messina TDR proposal.

    Distribution Tactics

    • 10% - xUSD staking - CompX - 13,175 Algo
    • 25% - xUSD/USDC - CompX via Pact.fi stablepool - 32,939 Algo
    • 20% - xUSD/GOLD - CompX via Pact.fi - 26,351 Algo
    • 20% - xUSD/SILVER - CompX via Pact.fi - 26,351 Algo
    • 15% - xUSD/ALGO - Tinyman - 19,763 Algo
    • 2.5% - xUSD/Coop - Tinyman - 3,294 Algo
    • 2.5% - xUSD/Chips - Tinyman - 3,293 Algo
    • 5% - Token Wars - CompX/Pact.fi/Messina - 6,588 Algo

    Review the community comments about this proposal on the Algorand Forum .
    Read CompX’s full rationale for each of the distribution tactics.

    Measure 5 - Allocate 131,757 Algo to CompX in GP12 to be distributed as declared above?

    • A. Yes

  • Targeted DeFi Rewards - Folks Finance - Attracting new liquidity and new users from other chains

    This measure proposes the allocation of 1,562,500 Algo to Folks Finance in GP12 to be distributed to its users as described below.

    Folks Finance proposal aims to:

    • Attract new users from other chains.
    • Attract non-DeFi Algorand users.
    • Increase the TVL.

    The metrics the team will look at will be:

    • Folks Finance TVL
    • Active users

    Distribution Tactics

    • 68.32% - Lending pools
    • 11.40% - Deposit boost
    • 9.50% - Liquidity pool
    • 6.34% - Marketing
    • 4.44% - Consensus

    Review the community comments about this proposal on the Algorand Forum .

    Read about the full allocation breakdown on Folks Finance’s blog.

    Measure 6 - Allocate 1,562,500 Algo to Folks Finance in GP12 to be distributed as declared above?

    • A. Yes

  • Targeted DeFi Rewards - Humble - Increasing liquidity, swap volume, and active wallets

    This measure proposes the allocation of 45,162 Algo to Humble in GP12 to be distributed to its users as described below.

    Humble aims to:

    • Increase TVL on Humble, measured in both terms of ALGO and USD, as price fluctuations can have an impact on these metrics.
    • Increase swap volume on Humble, measured in both terms of ALGO and USD.
    • Increase active wallets, measured by users who make a swap, add liquidity, or use Humble’s farms.

    Distribution Tactics

    • 100% - ALGO/USDC

    Review the community comments about this proposal on the Algorand Forum.
    Read more about it on Humble’s blog.

    Measure 7 - Allocate 45,162 Algo to Humble in GP12 to be distributed as declared above?

    • A. Yes

  • Targeted DeFi Rewards - Meld Gold - Growing adoption and utility for GOLD$ and SILVER$ RWAs on the Algorand Blockchain

    This measure proposes the allocation of 146,584 Algo to Meld Gold in GP12 to be distributed to their users as described below.

    This proposal is anchored on the belief that RWAs play an essential role in Algorands future. Meld Gold’s proposed TDR plan aims to retain liquidity, grow the number of users, and expand how GOLD$ and SILVER$ assets are utilized.

    The plan would target 80% of the rewards at liquidity with a strong focus on lending pools due to the capital efficiency they provide, with the remaining 20% to be allocated to Messina’s Token Wars initiative.

    Meld Gold expects to see higher transaction numbers, new holders and additional liquidity all of which will be measurable as they will involve asset pairings that either do not exist currently or have minimal liquidity. Meld Gold plans to use the learnings from this program to look at other innovative ways to bring new users on-chain, such as working with other projects to activate their user bases.

    Distribution Tactics

    ~55% Folks Finance Lending Pools

    • 15.35% - $fUSDC <> $fGOLD$ - Pact
    • 15.04% - $fUSDC <> $fSILVER$ - Pact
    • 12.28% - $fALGO <> $fGOLD$ - Tinyman
    • 12.28% - $fALGO <> $fSILVER$ - Tinyman

    ~25% Standard Pools

    • 6.14% - $xUSD <> $GOLD$ - Pact
    • 6.14% - $xUSD <> $SILVER - Pact
    • 2.73% - $goUSD <> $GOLD$ - Pact
    • 2.73% - $goUSD <> $SILVER$ - Pact
    • 6.82% - $GOLD$ - AlgoRai

    ~20% Token Wars - Messina, Pact & Compx

    • 20.49% - Creating Year of the Dragon Gold & Silver Redeemable award coins based on Quests utilizing GOLD$ pairings of bridged tokens. Details to be finalized: the core aim is to generate activity
      around Meld Gold assets, resulting in additional holders and awareness.

    Review the community comments about this proposal on the Algorand Forum.
    Read more about it on Meld Gold’s blog.

    Measure 8 - Allocate 146,584 Algo to Meld Gold in GP12 to be distributed as declared above?

    • A. Yes

  • Targeted DeFi Rewards - Messina - Fostering cross-chain DeFi community, opportunity, and growth

    This measure proposes the allocation of 559,351 Algo to Messina in GP12 to be distributed to its users as described below.

    Messina aims to foster cross-chain DeFi community, opportunity, and growth by utilizing creative rewards distribution models that target new audiences, specifically with the intention to grow the Algorand ecosystem and raise awareness about its assets and opportunities.

    Messina believes that this proposal is a good blend of yield boosting, rewarding new users and liquidity providers, and generating exposure for Algorand.

    For Token Wars, Messina bridge volume, DEX liquidity depth, and trading volume of bridged tokens are important statistics to measure and report results. Additional key indicators are engagement across Algorand channels by new users and participation on the Token Wars activities.

    Further results will be measured by TVL, trading volume, and bridge volume on the allocated pools and assets such as mALGO/ALGO, mALGO/USDC, and PEPE pairs.

    Distribution Tactics

    • 61.86% - Allocated to cross-chain initiatives, and new user and liquidity acquisition tactics for Algorand
    • 38.14% - Allocated to rewarding mALGO DeFi governors and strengthening the appeal of Messina bridged assets on Algorand

    Full breakdown:

    • 39.33% - Token Wars - 220,000 Algo
    • 7.51% - Quest for $GOLD - 42,000 Algo
    • 15.02% - Bridge Volume Competition - 84,000 Algo
    • 18.77% - mALGO / USDC LP Farm Boost - Pact - 105,000 Algo
    • 0.89% - ALGO / PEPE LP Farm Boost, Pact - 5,000 Algo
    • 0.89% - mALGO / ALGO LP Farm Boost, Pact - 5,000 Algo
    • 3.22% - ALGO / PEPE LP Farm Boost, Tinyman - 18,000 Algo
    • 1.43% - ALGO / BOBO LP Farm Boost, Tinyman - 8,000 Algo
    • 0.96% - ALGO / wBNB LP Farm Boost, Tinyman - 5,351 Algo
    • 1.61% - mALGO / ALGO LP Farm Boost, Tinyman - 9,000 Algo
    • 10.37% - mALGO Governance Boost - 58,000 Algo

    Review the community comments about this proposal on the Algorand Forum.

    Measure 9 - Allocate 559,351 Algo to Messina in GP12 to be distributed as declared above?

    • A. Yes

  • Targeted DeFi Rewards - Pact - Increasing liquidity, swap volume and active wallets

    This measure proposes the allocation of 1,128,408 Algo to Pact in GP12 to be distributed to their users as described below.

    With this proposal, Pact aims to increase:

    • Liquidity: To increase QoQ TVL on Pact. This would be measured in both terms of ALGO and USD, as price fluctuations can have an impact on these metrics.
    • Swap volume: To increase swap volume QoQ on Pact. This would be measured in both terms of ALGO and USD, as price fluctuations can have an impact on these metrics.
    • Active wallets: To QoQ increase of active wallets. This will be measured by users who make a swap, add liquidity, and/or interact with Pact farms.

    Distribution Tactics

    • 45.94% - ASAs and stable liquidity LPs - 45.94%
    • 45.20% - Lending pools
    • 8.86% - User acquisition initiatives with Messina Token Wars and the Collaborative Program with Algorand Foundation

    Review the community comments about this proposal on the Algorand Forum.
    Read more about it on Pact Fi’s blog.

    Measure 10 - Allocate 1,128,408 Algo to PactFi in GP12 to be distributed as declared above?

    • A. Yes

  • Targeted DeFi Rewards - Tinyman - Increasing liquidity, drive more volume and growth within the Algorand ecosystem

    This measure proposes the allocation of 1,562,500 Algo to Tinyman in GP12 to be distributed to its users as described below.

    Currently, approximately 11,500 active LP positions are in the 50 largest pools selected for TDR farms, reflecting a 15% growth in the past quarter. This is 5% above the growth targeted in GP10. Tinyman also covers over 65% of the trading volume on the Algorand network, demonstrating its substantial impact.

    Tinyman wants to continue improving LP growth, increasing it by 10% again next quarter. Attracting more LPs enhances the depth of the pool and decentralizes liquidity ownership. This prevents all liquidity from being controlled by a few individuals and ensures sustainability.

    This initiative also leads to higher trading volumes, contributing to the overall growth of the Algorand ecosystem and making it more attractive to new users and investors.

    Tinyman evaluates the number of active LPs, TDR Farm participation rates, and performance metrics each quarter, and shares detailed analysis in the post-distribution report with the community. See its latest article: Expanding Rewards, Expanding Horizons: Tinyman in GP11

    Distribution Tactics

    • 85% - 39 ALGO/ASA pools (excluding the USDC/USDT pool)
    • 5% - 10 wrapped asset pools
    • 7% - Lending pools
    • 3% - Joint initiative with Folks Finance

    Full breakdown: Tinyman | GP12 TDR

    Review the community comments about this proposal on the Algorand Forum.
    Read more about it on Tinyman’s blog.

    Measure 11- Allocate 1,562,500 Algo to Tinyman in GP12 to be distributed as declared above?

    • A. Yes

  • Targeted DeFi Rewards - Wormhole - Increase adoption and bridging of assets from other chains to Algorand

    This measure proposes the allocation of 133,471 Algo to Wormhole in GP12 to be distributed to its users as described below.

    Wormhole’s proposal aims to leverage the TDR to enhance the adoption and the bridging of assets from various chains to the Algorand ecosystem through the utilization of Wormhole. This proposal allocates these incentives strategically to lending pools featuring wrapped assets in pairs, boosting liquidity and increasing total value locked within the Algorand ecosystem.

    Through this initiative, Wormhole seeks to facilitate seamless cross-chain communication and asset transfer, thereby promoting interoperability among different blockchain networks. To measure the effectiveness of our proposal, key metrics will be monitored, such as the growth in TVL, the volume of assets bridged via Wormhole, and the overall increase in liquidity within the lending pools

    Distribution Tactics

    • 18.73% - Marketing Bridging Campaign
    • 10.12% - wBTC/ALGO - Pact
    • 10.12%- wETH/ALGO - Pact
    • 5.06% - wAVAX/ALGO - Pact
    • 5.06% - wSOL/ALGO - Pact
    • 5.06% - wLINK/ALGO - Pact
    • 3.28% - wMPL/ALGO - Pact
    • 8.50% - wBTC/ALGO - Tinyman
    • 8.50% - wETH/ALGO - Tinyman
    • 6.41% - wBTC/USDC - Tinyman
    • 6.41% - wETH/USDC - Tinyman
    • 4.25% - wAVAX/USDC - Tinyman
    • 4.25% - wSOL/USDC - Tinyman
    • 4.25% - wLINK/USDC - Tinyman

    Full breakdown: Wormhole | GP12 TDR

    Review the community comments about this proposal on the Algorand Forum.

    Measure 12 - Allocate 133,471 Algo to Wormhole in GP12 to be distributed as declared above?

    • A. Yes

  • NFT Rewards - ALGOxNFT - Increasing unique active wallets and economic activity to grow the Algorand NFT ecosystem

    This measure proposes the allocation of 175,000 Algo to ALGOxNFT in GP12 to be distributed to its users as described below.

    The goal of this inclusive and dynamic program is to generate Algo volume, number of unique wallets, collections launched, and social reach. These metrics will be used to measure its success.

    Distribution Tactics

    While the ALGOxNFT program in the previous period had significant activity, parts of its mechanics likely discouraged participation due to the winner-takes-all approach. Since the prize went strictly to the user with the most sales/purchases, there was no incentive to participate if there was no viable path to the top spot.

    ALGOxNFT wants to try a new approach that is more inclusive in financial terms, as well as more engaging overall. Namely, instead of a predetermined ranking, each Algo in purchases and sales of eligible volume will represent an entry into a draw with a single winner.

    • 1 Algo = 1 entry

    At the end of each period, a winner will be picked through a random draw of all entries. Participants with more entries have a higher probability of winning. Given that this will be based on a random draw, while participants with more entries have a higher chance, ultimately a participant with a single entry could theoretically win.

    This mechanism aims to incentivize wider participation and open the door to more grassroots projects, and those newer to Algorand as a blockchain. Ultimately, having more activity and more users on chain will help improve the ecosystem.

    Review the community comments about this proposal on the Algorand Forum.
    Read more about it on ALGOxNFT’s blog.

    Measure 13 - Allocate 175,000 Algo to ALGOxNFT in GP12 to be distributed as declared above?

    • B. No

  • NFT Rewards - Gems - Increasing NFT volume and liquidity

    This measure proposes the allocation of 56,619 Algo to Gems in GP12 to be distributed to its users as described below.

    Hosting bi-weekly leaderboards that reward the highest volume buyers and sellers with additional Algo. This will reward successful projects as well as high-volume traders, leading to increased volume and liquidity for the Algorand NFT ecosystem. This proposal also aims to make Algorand more appealing in comparison to higher volume and liquidity chains.

    Volume will be tracked using Gems’ leaderboard and volume analyzer. https://algogemsnft.github.io/leaderboard.html

    Distribution Tactics

    • 100% to the bi-weekly volume leaderboards. Everything will go to the winners of buying and selling volume.

    Review the community comments about this proposal on the Algorand Forum.
    Read more about it on Gems’ detailed plan.

    Measure 14 - Allocate 56,619 Algo to Gems in GP12 to be distributed as declared above?

    • B. No

  • NFT Rewards - Rand - Enhancing Algorand’s visibility and status across popular aggregators

    This measure proposes the allocation of 175,000 Algo to Rand in GP12 to be distributed to its users as described below.

    Rand will focus on enhancing Algorand’s visibility and status across popular aggregators, including Crypto Slam and DappRadar. Rand’s strategy is to focus on one metric: volume. By spotlighting volume, Rand aims to capture the attention of NFT fans outside our community.

    Rand Gallery’s leaderboard (https://rewards.randgallery.com/) will track the most significant secondary Algo NFT sales contributors. The leaderboard will track unique wallets and refresh automatically.

    Distribution Tactics

    Rand will distribute its rewards to the top three leaders of secondary sales volume over a duration of two weeks for three periods. The three periods will start at 12 PM ET on July 15, July 29, and August 12, 2024. Every period, Rand will distribute:

    • 35,000 Algo to 1st place
    • 20,000 Algo to 2nd place
    • 3,333 Algo to 3rd place

    Review the community comments about this proposal on the Algorand Forum.
    Read more about it on Rand’s detailed plan.

    Measure 15 - Allocate 175,000 Algo to Rand in GP12 to be distributed as declared above?

    • B. No

  • NFT Rewards - Shufl - Increasing secondary NFT trading volume through creator incentives

    This measure proposes the allocation of 93,381 Algo to Shufl in GP12 to be distributed to its users as described below.

    Shufl will continue to focus on supporting creators/builders who champion Algorand NFTs. Through rewarding creators, Shulf provides direct incentives for creators to engage and activate their communities, which is tied to increasing trading volume and liquidity across Algorand NFTs.

    Distribution Tactics

    • 100% allocated to secondary NFT trading

    Review the community comments about this proposal on the Algorand Forum.
    Read more about it on Shufl’s detailed plan.

    Measure 16 - Allocate 93,381 Algo to Shufl in GP12 to be distributed as declared above?

    • B. No