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