Feedback requested on proposed Q3 2022 Governance Measures

its not on the foundation to declare one DEX the “Uniswap of Algorand”, competition will make the DEXs need to innovate and that is good. DEX aggregators help with the problem of fragmented liquidity (vestige is supposed to bring one out very soon that doesnt require one to hold their token to gain like ~75% combo gain, Defly is already out)

1 Like

Thanks to the Foundation for the proposals and everyone sharing their opinions and ideas. I support Measure 2 as is, but I have a comment about Measure 1.

The DEXs determine the % of pool fees they distribute. As part of the proposal, I would ask that DEXs commit (and Foundation confirms) to 100% distribution of DEX trading fees to LPs during the governance period. Since we are asked to subsidize fees with the goal to grow liquidity pools, we should make certain all the fees go to the LP.

It might not be algorands foundations job, but they definitely seem to favor/support a few projects more than others… so might as well support and make tinyman the number 1 DEX - it will be a win for all.

Also, the developers of tinyman and Pera wallet overlaps. - this is a solid team who are passionate in building.

where did they favor projects or specifically tinyman more than others?

Thanks to the Foundation for the proposals and everyone sharing their opinions and ideas. I support Measure 2 as is, but I have a comment about Measure 1.

The DEXs determine the % of pool fees they distribute. As part of the proposal, I would ask that DEXs commit (and Foundation confirms) to 100% distribution of DEX trading fees to LPs during the governance period. Since we are asked to subsidize fees with the goal to grow liquidity pools, we should make certain all the fees go to the LP.

but that is the only revenue for the DEXs? why should they not get a small cut for what they did? they only take like 0.05% of the fees and leave the rest (0.25%) for LP providers, that is enough and shouldnt be changed just for the governancen period imo

Many people commented on the spirit of the proposal.

Adding my 2 cents, I agree that governance/DeFi is currently a bit unbalanced in favour of the former, and we can see it in TVL (total DeFi TVL is 210m$ despite including a huge amount of stablecoins and total DEX TVL is around 25m$, while governance TVL is 1.2B$!).

Also, I noticed that some people argue that DeFi doesn’t need it because it is doing pretty well now without being subsidized. Actually, it is significantly subsidized right now (via other, less sustainable means) and can barely compete.

But mostly, I want to focus on technical aspects here:
The proposal only talks about LP tokens on AMM DEXes. How is it going to work with other DeFi protocols? Very generally, there are 2 kinds of protocols:

  • Ones which tokenize your positions, you deposit funds and receive tokens which represent your position. The most obvious example is DEXes which give LP tokens, but there are others, e.g. most synthetic derivatives protocols work similarly.
  • Ones which use local storage to save info about your position. For example, in yield farming protocols, you can stake your LP tokens and continuously receive rewards. The amount of staked tokens will be saved in a smart contract, so you will be able to unstake later.

In Cometa, we are building both: Yield Farming which uses local state and LaaS, which will tokenize staked ALGO positions with tokens minted by the LaaS smart contract.

Now, after reading this proposal and interpreting naively, I feel like we are going to miss out. People are not going to use our services without additional incentives because they will not receive governance rewards for it.

To be fair, it is not changing the situation much, many great protocol designs, including LaaS cannot be competitive without additional incentives now and will not going to be after the implementation of this proposal.

So basically, this proposal just kicks the can down the road: DeFi was unable to compete “fairly” against governance, and now DEXes will be able, but not other DeFi projects.

Are there any plans to make this mechanism more general to be more inclusive for all DeFi projects, not just DEXes?

P.S. Honestly, from an economic perspective, it would be better to simply reduce governance incentives. It is just too much. It creates a lot of inflation and forces people to participate in governance just to avoid inflation. I feel like it is probably not going to happen, unfortunately.

TL;DR: it is a welcomed change, but implementation should be fair and inclusive.

1 Like

I still do not understand the need to cut the gov rewards to help DEFI.

Let DEFI double dip (get gov rewards AND their LP rewards). Then it would be more rewarding to be a LP and gov, then only one of those. More govs will reduce the rewards naturally, just because LP will now get a share too.

Why is double dipping not enough for DEFI? Why still need to cut the rewards for the ones, only wanting to do gov? Why not cut gov in multiple reward tiers for xgov and normal gov or something instead?

I have read many points and do understand he idea behind helping DEFI out (I myself still think, that their are better solutions, but hell, maybe Im wrong, who knows). But having DEFI double dip and reducing the rewards for everyone else seem greedy and morally problematic in my view.

Maybe someone can enlighten me?

i copied this from a response from me on reddit:

“Assume only 2 passes, then as far I understand it people in LPs would just get normal rewards for their ALGOs. LP tokens consist of like 50% ALGO and 50% sth else, that means they would get Governance rewards for 50% of their LP value, so around 3.5% APR for their LP tokens. Impermanent Loss and the risk of the other asset loosing value against ALGO are def higher than the 3.5% extra APR they would get imo”

But wouldnt they not get 3.5% APR on top of the LP rewards - hence a net + of 3.5% rewards for the risk that should be already profitable without the gov rewards?

Second - if they only hold 50% Algo, they should get only the APR for the Algo, I dont see a problem with that.

The question is, is 3.5% APR + LP Rewards enough to provide LP?

If not - than I do not know, how DEFI wants to survive in the long run, as the foundation cant prob them up forever.

But thank you, for your reply, its better to have more viewpoints, then only ones own.

yeah thats what the foundation understood most people wanted only give rewards for ALGOs committed to Gov and thats why they get “only” the additional 3.5%

the thing is for DEXs with their current AMM model they wont survive in the long run. thats why Uniswap V3 for example was introduced as a more efficient way to use liquidity. Additionally, normally DEXs offer farming in some way where the LP providers get their own Gov token, but thats not implemented by any of the DEXs on Algorand (many say because of the bear market and the problems coming with that when launching a new token) so they rely pretty much on the Aenas rewards for now to help with incentives

1 Like

Well, thanks again for clearing stuff up.

I have nothing against having the LPs be part of the gov with their Algo (hence submission b). For the other one, with extra rewards, I dont know. I understand, that there seems to be a problem with the DEFI protocols/platforms, but that would be the job of said platform to fix/repair. Or ask for a development grant or something.

With a grant, at least there is a little control, that the funds will be used for the needed developement, other than with “unsupervised” gov rewards.

I have nothing against grants for dApp developments - more over, I wish for a lot of grants for usefull and good projects, but fixing this with a bonus from the gov does not seem right for me, even so, I do understand the problem better now.

the thing is implementing more efficient stuff needs time since you cant copy paste EVM projects to Algorand. so they offer the normal AMM model such that DEFI on Algorand is not dead for a long time and useable. while their V1 runs they can hopefully build exciting stuff to bring DEFI on Algorand to another level

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Oh, I understand that development takes time (as I myself am working on source code daily). I also do understand the problem at hand (in part thanks to your clarifications).

Though Im still not confinced on a) as a solution. b) seems fine for me, even without DEFI having problems, as I think, having use cases for Alos locked in gov is a nice idea.

The problem I have with a) as a solution for the “bad” current DEFI implementations is, that there doesnt seem to be a check that the money is used to develop a solution. I have no problem, to have gov rewards cut and given a grant for projects in need, that will enforce development or other solutions, but not a free for all token distribution model. I saw to many invested projects buying lambos and ho***er for the invested money.

Crypto proposed itself as trustles. If there is a problem and a need in the ecosystem, it should be handled with a controlled and productive toolset.

But at least, I can now live better, when I lose my vote against a) :smiley:

Feel free to keep arguing, if you think, that Im wrong in my final verdict or I miss some points :slight_smile:

1 Like

Regarding proposed Measure 2, to allow DEX users to participate in governance, there was a general agreement in this forum’s feedback that criteria for eligible Liquidity Pool tokens have to be as objective as possible. As published one week ago in the governance platform, they have been set as follows:

The initial list will include pools that had a balance of at least 10,000 ALGOs as of August 15 2022. The foundation will publish a list of eligible pools at least one day before the voting session.

The pools are reported below. We got already some feedback from users and platforms, we are publishing here to allow everyone to have a look and provide feedback and comment, on the list and on the process for community-driven updates/changes in criteria if the measure is approved. In the meanwhile thanks for the incredible discussion, full of many hints for the future of the platform and its decentralized governance.

Pool_Name	     Address                                                  LP_Asset_Id 	Dex
USDC-ALGO pool	FPOU46NBKTWUZCNMNQNXRWNW3SMPOOK4ZJIN5WSILCWP662ANJLTXVRUKA	552647097	tinyman
ALGO-USDC pool	SVZS7Q7QMVHZONDHZJHR4564VTMEX3OQ5DSYBWKR5FJFTPZLVG3EZIWC34	777628481	humble
STBL-ALGO pool	LUKPHRCKPCX4SC32ZI2BXH2OQ3HDCQGKFTFCZEVXOWICY4AG7AQ4S5NKEQ	607645566	algofi
USDC-ALGO pool	L747MOJV43QCLY4HSWVPL2A5SW62IBLA5XPTI5R4HO32WVAWOO5OBCEP3A	620996279	pactfi
USDC-ALGO pool	NGIHJMECRSFHIEQDHBVTLR54K7DOZWM5M6UM3A5CIOYSP6H3QTGSHHGJCQ	605975979	algofi
Governance Algo-ALGO pool	WGRAKAF5GKYI7ZWD5RFRITHFKOPFGDO2U5SYYNPETOYKJPYG53JCJII6QA	794882756	pactfi
ALGO-COSG pool	B7INK7L2P6AHQDJMIWYKUDSJRCGRMAK2JO6FQDP4OCP5DWIY3LY3P2ZJA4	779147012	humble
goBTC-ALGO pool	MUGDC5IFPGEJQLZWYTDTBKPZMWQS6ALNJ7RKQT5CYASSGMKBE6VETMEDK4	661744948	pactfi
goETH-ALGO pool	IWT4WOUKYQBCAO76UKWZ5E4CPIJVLBE5R3NX5QH3BXMTG34WU7ZCLJ4RVY	645870723	pactfi
AlgoGems-ALGO pool	WXP6JH3RVKG45Z2E4SB7AKZW6KJDVAQYTH6XZD5A6RYHZPZBQ3XTJFD56Q	552679448	tinyman
ALGO-DEFLY pool	KEDBG5PVK4MC7P4HN5Z3K6XP6F6HPT43EXZS7KJTRIB6LYATR2OBDTWDYY	778032204	humble
ALGO-goMINT pool	7CAGR4POFHOABT4L4GUBTO3TPVSQZJ2H6PY5VOAR7JW4UFIA4R5VLWTBBM	779142878	humble
ALGO-VEST pool	3L34ZPBJLTOSIPU4RDQD6MOKAF2B74RV465JRZ73NXGSQ7LXO5LIKWUU3M	777747781	humble
GARD-ALGO pool	F4HXMBXLFLT7IQAKXUVTVEU4HIW5WGULA5RFYN6QE5AALUB54JQCAY2NBI	801614200	pactfi
Yieldly-ALGO pool	KX6S647W6BEN6XHEJVMXK3UYLVNGT2Q6PHQSF5AA2JSSDFSOX7R4MESXRY	552655440	tinyman
Chips-ALGO pool	34UK57GUXQJS7RQVGGQOKSCFCVD5XWP4RQIQN5S723C5AR37BWBRFWWSHA	552665159	tinyman
ZONE-ALGO pool	2FJLXZ4QPMN5JFJ635B755Q4VH7AB4QCQA264GAEHJXLMCYEPLOUVODZLM	588594684	tinyman
Governance Algo-ALGO pool	ITA5IWU5CUXXDTQLMFH2FLBDVOR67E6RN5ZVT6VNJCM623PXJGZAMB2CIY	794708849	tinyman
ALGO-GALGO pool	A4MGONBGSMEAAYNV5IGCJCXDIEVZJRLXO5FXIHMHTNNGX56F42GNY57QLE	805141097	humble
Governance Algo-ALGO pool	XFKT6M5VTM4TETNIZMJCOAFCLIXPSKMSYZBV7CO25AJRENPXZLASSGNAXU	813838058	algofi
ALGO-Planets pool	J47VEAAE7SBTSBGVGK7PVFWKVEJJRNW4ML2IDK6RVH4CCXKYFO6DXTAGAQ	787300351	humble
Defly Token-ALGO pool	XLNMBK3GMC4YEF562DMEOZEYTNDWJLQRN2GFQ3MGLVNIJTOTVGVD75DVKM	552687530	tinyman
ALGO-WBLN pool	L5QWZSOR2KQXKDZNDKWOAYPTJFCGX3CG26PZ6SWZ5ZJ62OAOEEVDGWHRJ4	777673834	humble
Algodex Token-ALGO pool	2FL3Y6UINA3LJTOREJATLN6UH4FZMLNQUPWDHDMPJVSCIDY3ZKLUCO3E5Q	760338517	tinyman
Defly Token-ALGO pool	JTGAN4VUDH6DCFU5J2BASNYMK44BAENQ3MEVEEJFXH7MUGZZYTNZ6LRRBE	607685319	algofi
pTokens BTC-ALGO pool	U3IFCAYEWHKZGTNKGZ4DY7ORK2H4DQFHRGRQIXUDYJ4352HPHLIXPVCWMI	785886770	tinyman
Defly Token-ALGO pool	VT6GIHT7NYILF5SW7LHYYGUEHJ55FFS3CSKJWACEUZXQL6MCGG4ROY6U6U	675103894	pactfi
Cosmic Gold-ALGO pool	OFDQDGZAO4LQQ4JGXOMNTHLHGJ7JIARSQJ45IS4XMUZ2R53CIF2ZSHNIXA	709114147	tinyman
ALGO-XSOL pool	ROMF37KBJXOUQLJB7DYNDDMYE3L6VSWV4GHOSOMQOORH2WRIJ55DUKE25U	822571357	humble
LOUDeFi-ALGO pool	FFSTKPZW6PTWK7BYLKNOCPNQ2DYED5ASRRW723NMDHOGD6IHQXIVBKCBBA	570806149	tinyman
PLANET-ALGO pool	5XQEBPFLVR5WOGZNVSLHVKELRDP2LVVLB44OWZ7WA3JKQ72SYTD6MVZTWI	552686074	tinyman
AlgoStake-ALGO pool	HPPSKZI7BIRCTCCTIAFES5LWP2WZUQJLKFUQPBK2FOXHJSA2J4BKCNL42A	552690161	tinyman
ALGO-XET pool	VUXC6IWWPNBNJPHQPQ5AHPHY7W2B5NAER2IHZUZ5344YDJ63FSICZ7BKDQ	780434458	humble
ALGO-chip pool	BK625VI6I32OKPXLWQRTFP5D4J7XOT6VRZX63AN2TG4BQ2WPL4FWPTLEUU	773172677	humble
GARD-ALGO pool	C2A7GRY3ZJ2U5BJ3Z22V63BIDNBO6SJT37ALKQQ537Z4BTKFVGVDG55GGU	685791182	tinyman
AlgoDAO Token-ALGO pool	C3IXXPDUOD7ODPSCECES4NE6FGDZ3XPWH6EAJ2BDSY3J2AEDNMTIOIVXWA	752673057	pactfi
Cometa-ALGO pool	XSCSYQK6W2WXXWR5YH4NJ5UZQGERIC7ZS2734N6QA3YEHMFPG3GDXSQZFU	721269906	tinyman
ALGO-GARD pool	HSKYMKWHLRQWQEBJUFB7QLCRJVY5WB6GT462NSVIXD3MQFQNWS2QYFXNMI	790440985	humble
AlgoFund-ALGO pool	P7ND27DI52LKFZXUB2L7DFWFJWNCFNQMSTCNT2CNMXCKSWHDWZAG5RMKQQ	552938289	tinyman
Octorand-ALGO pool	UGF55QR3K6RMEKFKA7TCXZXXWN6V5ZDP5VYYSN24ZQQNJ4SKRS4USWYVAI	562170135	tinyman
Opulous-ALGO pool	NAGNDMUYV5W547XD463NM5YY3LUQZBMGJLFJHISWKFVIHTLRE2BPPTT33Q	552667087	tinyman
goMINT-ALGO pool	DJOWC6JFPZMWXKCHKWCWOSVCJI6YM27HW56LKXEM2RS6PM2XVOJWHOFC74	682482665	pactfi
ALGO-ADAO pool	3HWQYPAHRVOSZAZWWMXEDYRTLIEENOH7GUMQUCUFR5WO7OEVGBLGO2MIVQ	780420357	humble
ALGO-GEMS pool	NLQTIJEHFQLT26B4UVNJQZS2D2NUHWGUMVVUNROXEQAJ3GRHJPC3JTWVTE	779148648	humble
goBTC-ALGO pool	MBZCPCZ63NG4QV3T7CTID7SR67NE5DO74DNHHPS2763L6B7YXG2EYRYCKM	552679552	tinyman
Tether USDt-ALGO pool	54UTVEAHWMBYB4L4BNLAEJFWBUTLLERTULROEEP7774OK6FUTX4U5NX6RM	552719953	tinyman
goMINT-ALGO pool	UV5XSAOHN5JXNM25PN5J4NWMTMIH5QZGQISPUOWXPJ4CFEQIMSYTKCUL6A	679928879	tinyman
ALGO-AKITA INU pool	AJSPYMRPGC5GLPS6DC3H42OIBID3GXKX576BWPOLVLHAMQ5AH2SOEABT7Y	552662141	tinyman
ALGO-HDL pool	I3DMQXH5ANPQUYINAQ7H4VOGVWEC7SF4CST67QDLIB5X5R6G6MDGQW2UO4	783216340	humble
ALGO-ALCH pool	X5IP2POFOMYNPGTE6HIMZOIIJPLEWZBVZZU3D5BZ45LUROXD6GYNCN55KM	779144639	humble
Xfinite Entertainment Token-ALGO pool	2TUBOBZ7CP7EZXFOWULEG5HE6WJ34TT7SBZ5AMHGR222O7RZNBK3I4BUMY	552743204	tinyman
Opulous-ALGO pool	JDXOJVZVMOQSHTDCF3C33HZUARC26XRRTWQDKUEP4XLXU3NBYS2MWCT57I	635146861	pactfi
ASA Portfolio-ALGO pool	QX3Q5ZANETFFFUXUJVY4PXBEVIFWYLEDFBQWPJNIYPRGCFFZ57ED44PU6U	685623683	tinyman
goBTC-ALGO pool	6HSDB262OTVTPDGTJHDWTQPG2W6QWWEM5HF56OTJG4YH6LACV4BOPCY5NQ	435127275	tinyman
ALGO-STKE pool	GRB5LAF4BT6JSGKQYJ4NXKFMNYTNOCZUMTGYUE6L4VMGMDBNZBDMWES3WI	779141373	humble
Opulous-ALGO pool	UCOXODDCR4344SDO5BTQ72VBJF23NHX7MGEEBFCIIONIFEMT77XH3XTIW4	613211078	algofi
SIGN.NET-ALGO pool	BMRF6Q2ALYEE6MHCFGYH7JGMXGPFG2M32RURM252JZJXLNJ4OUISAKPNFU	552668531	tinyman
Xoge-ALGO pool	UFAKTUK6ITYA6UELPE7LWYEGZQ5JX66DMSAYZGKCI4VDAG2ERJ4TT6D4ZU	810332002	tinyman
ALGO-SMILE pool	RR7ZMEPRJC3M2JC7YWSLRGLEYYGPEYDMPWRKI52QT22UCY3B6G6UAPH47E	779149943	humble
STBL-ALGO pool	GGTUGV5Q5SVKTIUH6M5TMBCEPPESRKPHCVKNSQUAQLKZOXTKEZEIXHYENA	552666290	tinyman
HEADLINE-ALGO pool	4QDLMVQORYVMBABY2EXGIVK53TBJWURS4PH2OC2TMOGKSZVMTOA6XHHZE4	552706313	tinyman
Buy Token-ALGO pool	SDBN2M5MC4KDU3JZFHGGP4TOSBU66AMIQ37UO3ZS43NK6IU3ZXONT6VMPQ	553486215	tinyman
Nexus-ALGO pool	BZKBFS4U6YWCOV5YZUIO5NRSBLERWIRCWLWR4ZNBJ62KJYN3FMB5SPTKJE	552661496	tinyman
Dharma Network-ALGO pool	YDWU372XB2WZE7ZV4GM25T5BI5VHPBYFDAOXBZLO55DFT3IIPUW7ZO3HLU	819195718	tinyman
AlgoNuts-ALGO pool	H3DSZ4DXLJQ7OXG3NQUSGS2NXDNQG4BVZRWJWGGWDOVORHRTLE2IVJYGT4	552642388	tinyman
Vestige-ALGO pool	PET2SLVERE66LL6ERQAVGY74XDOKBQW5Q4CIIOUCEPV4ABSWFZY2SHLIUY	711435906	pactfi
Vote Coin-ALGO pool	LTGRYWVYIHTMRBESAF6ZJA5JBXR5KPCC6S4T2GDPSEJ5ZHHPIDVDKUJSPE	662102859	pactfi
Fight Token-ALGO pool	UNBPTXVKNQYVW6BZ6YIB2ZNEO5PBPWQPUGA5W6ZHGWLRZAWHHQN4L7F3LA	634609194	tinyman
AlgoScout Token-ALGO pool	FYZ7ARDEBULFJYWXOOSVDKRHWWEKABLVRIWR6B4CZTRMWXFL254MJ6I7JU	569810196	tinyman
Governance Algo 3-ALGO pool	WNA4H7Y3UGEVNEVVFU2TUDLMOMLWSV72UF6SYYRBOQ7IGDW4ZIOKYWNIWU	694683000	tinyman
Vybe-ALGO pool	DEPGX27ADSZS3DCYRN4DLKPAZRWEG6RZNYI6YHAIHSVU7TMJC2VI6MCNFU	688676221	algofi
DeFi-nite-ALGO pool	24SZCHODO4WYHBIKF6553EG66T23O53XW4RKKCDXQXJZ2F5XYVDML6H32A	708179343	pactfi
Webblen-ALGO pool	CRYWUYTASSVQAZ55QG3CIPDQG5FDWFLH6XQ464I2OFTL6Y53GQ3HLIM6RA	562713209	tinyman
PATRON-ALGO pool	IT2WKAA2IF62VONVZHA6N3UEDSIZVN7TCEX7DH2YQNYCSVZDLME6KQT3ZY	575754633	tinyman
Veterand-ALGO pool	CXQTIC2TC77D4V5OHYB37LVS6K7XMHANKSCELMBBVM6P3SILQPMNPXRHVE	758307728	tinyman
Algo MoonBoi-ALGO pool	PZBEBEIZXNTAPMSHR55Q6L4CDAKD4J2JPZSYTXRUPBG4KYG4XGQPGFHXEQ	552659185	tinyman
SockHODLER-ALGO pool	KGBDPMO7SQDDVO7MEJL6BR2YBRZ4SVCNKWXCAKBML6SMPJKVPN4QB3MHDE	552665704	tinyman
Glitter Finance-ALGO pool	LBGSF5VKXSPMHL2NLF65TCDBR6FMINO76KE4ATL6WVXSRUKVVABTZNDMNE	659240761	tinyman
KryptoNurd-ALGO pool	DNVDPFKN36KMACLXPGZGM66KO5RZBQEQPAZRBFQ57U3JJV5DYILIZKC72U	585529566	tinyman
Blocks-ALGO pool	ONUK4ZOKX2BFK23CS6SXWM6DYYCFLWBIYQ36FB3YOLTYLZZU7CNT3LHNAY	552757556	tinyman
AlgOcean-ALGO pool	3VNCVQ76E2DJTLX2DGJMWOAELORF2THNDNEQSAXUZYDG3CXWPLDCJD7JFM	552659053	tinyman
KryptoNurd-ALGO pool	4UZA24MVL4AIQITTITOXFEV7GNSV6P2ISUKNCPTCGIHM5FOQXFHPQDCSGE	628256320	algofi
goETH-ALGO pool	Y5DNQWYUJCSYCAJPKX6JNSMZCR5OWDMQGCEVGHCBGJZ7J2LA7EJ7SO74AI	552722020	tinyman
CryptoTrees-ALGO pool	OUCQI775QVAIZ72LWBQY3VRN4I3XLK3ZPXWUWSQ36RIUHXLA2YRDTZYMY4	552658920	tinyman
AlgoChads THETA Token-ALGO pool	EKCTHLUH4W5Z3OA5SAKKJYBPEUS4KIV5OIZGQWASOVFUWK7CWLJWGQEQOM	552680681	tinyman
Board-ALGO pool	QWFHLDQQKRAFV4Q3WBEMLM32OL22Y3TBTNPQQG6WNZZSEHEEI4YOD2WSPY	552954534	tinyman
ASA Stats Token-ALGO pool	56LW2HRYA7F6SYCQYC27EJIJI3MWV2NZFSKIGZMCAGMCQ6AKW2JYOY4P2Q	552659276	tinyman
ButtCoin-ALGO pool	YSBF4UXZTKVGX6LHX73JOPBSOHVM6QFNN6BEK567C4HSRXPK66NN23HD7Y	753241364	tinyman
AlcheCoin-ALGO pool	EJGN54S3OSQXDX5NYOGYZBGLIZZEKQSROO3AXKX2WPJ2CRMAW57YMDXWWE	552701368	tinyman
AlgoNuts-ALGO pool	P4Q56HG6LXLIOWMRHUNML27RO64KEWILT7JUKH42KPSJ5JRTG5Z26FY3ZI	621253265	pactfi
Choice Coin-ALGO pool	QV2J5ACJPBOCHG4MGANV2MMHXZX3VCUOUBYRUVUZCTFAAL5ZL6QLORD3DQ	552737483	tinyman
ALGO-AOA pool	XQGSVBLKKRZHMAINRJXSG362X5JGDOGGE2SV6GYFQV4EWVVRMWPNIE3X3Y	810058973	humble
realioUSD-ALGO pool	CA2SIYLKEGNAA3TCUHBPGX5WQVPZ2X4YVSVFXOCDLPBPKNEBQTDBOEMMCE	552921263	tinyman
Governance Algo 3-ALGO pool	ETMBRBNSIVODWQXY6Y3TKDV3RYQQ2H4WCDUKHIIENUWRQVBWKZJLCNRZ3A	701364134	pactfi
Smile Coin-ALGO pool	7CRK6G4IG2BNQFVEDQIARD2DEVUK5M5K66DPRPP6HMIO7FLHACXSAL2UNA	552670590	tinyman
Block Party-ALGO pool	QMZUEOGIDHHVTMU3REUOKB7MGPEETRHCZP6PYG3B6HJSPMDSY7HCYKRLUI	654670726	tinyman
Wrapped SOL-ALGO pool	7QYITANDOYHJQLWSG2K73GLXBDCBIHJFFENC5ID4D4ZN5SGOTHM6BI7APA	821847670	tinyman
Gradian-ALGO pool	AGW3XPUUQP7NDXDSMT33QMMSC6QNJSIXVAWOH4PZYL2ZJQ7RWOA3FD3RSA	701977069	tinyman
AQA.EARTH-ALGO pool	5MSYCLGGBRCA65QZSHWHP3ZLDGLPDPL4HY5ITBDYZDE6YOQSRMTF6ZJZPY	798545008	tinyman
Green-ALGO pool	2Y7AYCWL7IKBOGYV3EWRYML3APXEWK4CT5IUKWQWZ3ESSQNG26OAPZTXT4	559292340	tinyman
PariToken-ALGO pool	6QZN35GZXDJKLCJJIRYZT4KXMZLUXTQBI3ZASCXRY4I7446Z4CJGR24UJU	552664171	tinyman
SeedBomb-ALGO pool	LWWTSGCDF4YW7DOMHUB5LZBVORGH357CKPXSLAFEDYQSUKMK427H4YLDLA	555004905	tinyman
Spindle Yarn-ALGO pool	HN3SAOCBR36XYO2E3N2FFUHWJ3YQDHWMBKK5IHWPE2VZVGDXKKYAAJRLVY	552752491	tinyman
ALGO-BD pool	5FRMEXTBKVMFSC7M7P5AMN5QE6NLJ6T4NLJY2BIUHPBLJYD6TF2KODBHIM	829993892	humble
AlgoStake-ALGO pool	XAIN3ZZRUVMPN7JP6O3X5BSAPKKEOJ4HUPFHBCG72ABRJHAIPHUW7OF42Y	607693133	algofi
DEGEN Token-ALGO pool	NKND3OL6WNWLVQX2EOPD44SZLPPYQPDWRO36FDP4QDJNHEKTLV5YJP65WE	677288822	pactfi
Defly Token-ALGO pool	TFM6SWTEQHX5KLUJCRSAUBU4WY2OTS3OY27ABUZ5AXRO2WSU2JRP6PU6WY	621289418	pactfi
TinyLock V1.1-ALGO pool	3QYOVFV4BPTU5YUZ7RUUJH3ED3IJ54YAFNE56VTUOMLU2HLZRR7OZBJEPI	552846810	tinyman
Shosha-ALGO pool	VBMPV22IZUH7PEGGXUCWTCS5AHMH6EG7XER3O43U45WSUEDLBJJUL5DKEE	552741305	tinyman
BirdBot-ALGO pool	D6DDUCPSDWD4IA2L3FL4ZC6NVKXGQYOU4LJQMHKV6NVCYHRURSFKYPFN5M	552697780	tinyman
Algoneer-ALGO pool	6AECGJ5O5JUUULLBDMCN5SRC3Z3JBAFVQYO24NSW4LB6KHB6VW6VWTIVWY	552659315	tinyman
ALGO-AKITA INU TOKEN pool	KUM5NCBG2QJ6SN5JIRN7NZS5HZQPZJOVV7KZM6BLJVAZ2SYNVQNSAR6RXY	384305346	tinyman
Crescendo-ALGO pool	C3DUWF4E4WHD4NQ52S3QEWB6EOFAEVZ55UBYFJNBJSI2LYFTUSO3IABT34	552660994	tinyman

3 Likes

first idea: maybe one should not only check the balance of the pools but also the trading volume over some timeframe to see if the pools are actually being used and therefore incentivizing more liquidity for the pools would make sense

for example the gALGO3-ALGO pool is not liquidity that should be incentivized imo because you can simply burn you gALGO3 1-1 on folks and one can see that the trading volume is pretty much non existent of the last couple of weeks

1 Like

About 18 months ago I bought a 2000 ALGO and ADA.
Both projects seemed interesting and the APY was a nice incentive.

On Monday we’re voting on governance of this project.
The problem is I don’t even understand the two measures I’m voting on.
I don’t know anything about Algorand DeFi or even understand the terms DEX, LP, and TVL.

Real life is very busy for me and I don’t really want to spend what little free time I have researching the Algorand eco system.
Especially when I have such a small investment.
It’s bad enough trying to remember to stake the tokens and vote.

To be honest all this governance has had a negative impact on my support of the project.
Once the price reaches $1, I’m going to sell all my ALGO.
I understand if your reading this and think “Good riddance”.

Morally, I shouldn’t be voting on Monday.
On the other hand I didn’t choose change the incentive model from simply holding to actively participating in the governance programme.

How many other ALGO holders are there like me?

3 Likes

If you are stressing about the impact of your vote not being informed, then I’d recommend using Folks Finance for governance as they do not require you to cast a vote to participate using their liquid governance. I can understand your confusion, when researching a new project there are a lot of things to consider. I hope you’ll take the time in the future to learn these terms as they are not unique to Algorand. If you have questions about governance specifically, or the varying ways you can participate in the future, the Algorand community is very happy to offer up non-financial advice. I also hope you understand that participation in governance is not mandatory. There are plenty of ways to use or hold your Algos. Id recommend checking out Home - Algorand Ecosystem , as a great resource to find projects on the Algorand blockchain that you may be interested in. In any case, I hope you continue your education and stick it out with us. Cheers.

Thank you averagezen, I really appreciate your answer.

1 Like

I read about half of the replies. Forgive me if this was already said - but I think Algorand’s biggest problem is general lack of adoption.

We worry that Governance rewards are too high. The obvious solution is to attract more retail investors to governance. The percentage will drop since the pool is fixed.

Simply put, the question is - if 7% APR is so hard to compete with - then why aren’t we seeing people all over the world flock to Algo governance? The answer is - because hardly anyone knows Algo exists! Get more people to join, the rate will drop and you’ll have actual competitive pressure.

We worry that Tinyman rewards cannot compete with the 7% governance rewards. So we try to “steal” a little from governors to pay Tinyman. But we forget that there are millions of crypto investors who invest billions into nonsense coins with 0% rewards whatsoever! Spread the word about Algo. Get more retail investors to buy in. And your problem is solved.

The structure of this particular proposal is also something I find very convoluted. Why only 10K+ pools? I have a 6K pool so I must be a loser. Why only LP DEXs and not other DEXs? Why August 15? And why bother if the Foundation reserves the right to cancel it all anyway? It is complicated, overengineered and not something I have a lot of confidence in.

As it stands, I plan to vote B on both measures and I hope we see more future proposals to drive general retail Algo adoption.

Don’t narrow-focus on DeFi. Don’t make such complicated constructs. But make Algo known! The great tech will take care of the rest.

2 Likes